BBSCL

The Royal Audit Authority has referred four fraud and corruption cases concerning the Thimphu Thromde in the 2023-2024 financial year to the Anti-Corruption Commission (ACC). These cases included unauthorised granting of e-PEMS access to accountants, as well as discrepancies in non-revenue receipts. Additionally, potential misappropriation of funds and deposit of government funds into personal savings accounts, among other issues were...

In its latest report, the Royal Audit Authority revealed several audit issues concerning the laying of Granular Sub-Base (GSB) on farm roads. These include the rapid appearance of potholes, erosion, and GSB washouts shortly after project completion. The report also highlighted the use of improperly graded GSB materials and inadequate compaction. The authority stated that such practices compromise road durability...

Growing perilla was once a common practice for the farmers of Gomder Gewog in Samdrup Jongkhar. However, over the years, interest in perilla cultivation has waned, and it is on the brink of disappearance. Today, only one villager in Bazor village continues to grow the herb. Some 20 years ago, farmers in Bazor village used to grow perilla abundantly. Perilla,...

Non-performing loans or NPLs with the financial institutions surged to a staggering more than Nu 8bn by October this year. This is a jump of over Nu 1.16bn in just a year. Of the sectors, trade & commerce tops the list while the forestry and logging sector saw a sharp decline. Any loans that are overdue by 91 days or...