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GMC to include Bitcoin and other digital assets in strategic reserves

GMC to include Bitcoin and other digital assets in strategic reserves

Gelephu Mindfulness City, GMC, has announced plans to adopt digital assets such as Bitcoin, Ethereum, and Binance Coin in its strategic reserves. According to a GMC social media post, the move makes the Special Administrative Region one of the first jurisdictions globally to officially hold digital assets as reserves. Strategic reserves refer to assets or resources set aside to ensure...

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup.

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup.

The Supreme Court has delivered judgments for 14 out of 15 civil and commercial appeal cases involving Phajo Nidup. The court has fully affirmed seven High Court judgments where Phajo has to restitute over Nu 189 M to various parties including banks. Six cases were withdrawn by appellants and one case concerning BoB was partially reversed, leaving only one case...

Man sentenced to 14 years in prison for raping 12-year-old girl

Man sentenced to 14 years in prison for raping 12-year-old girl

The Phuentshogling Dungkhag Court has sentenced a 59-year-old man to 14 years in prison for raping a 12-year-old girl. The judgment was passed last month. The judgment states that the convict, the child’s uncle, raped her multiple times between 2022 and 2023. As per the judgment, the convict cannot pay in lieu of a prison term. He also has to...

Lack of oil extraction machine hampers Dagana’s mustard growers

Lack of oil extraction machine hampers Dagana’s mustard growers

Many farmers in the country have stopped cultivating mustard due to the availability of imported oil and the labour-intensive extraction process. However, in Dagana's Maenchhuna village, about 30 households still cultivate mustard as a source of income. The lack of an oil extraction machine has made processing mustard into oil challenging. Most farmers in Maenchhuna village grow mustard, with plots...

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