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RAA reports irregularities worth nearly Nu 4bn in 2023-2024

Excess payments of Nu 860 M related to public procurement during FY 2023-2024 – RAA Report

During the financial year 2023-2024, the audit report showed excess payments of some Nu 860 M related to public procurement, particularly in construction works. During the period, the authority recommended appropriate actions on 150 officials across 33 agencies. The government is asked to enforce stronger mechanisms and stricter measures.  According to the Royal Audit Authority, many excess payments appear to...

NRDCL shifts to locally sourced timber, making furniture more affordable

NRDCL shifts to locally sourced timber, making furniture more affordable

Producing furniture using locally sourced wood has not only helped the Wood Craft Centre stop rubberwood import but also made furniture more affordable to consumers. The centre, which earlier used rubberwood, has been utilizing domestic timber for furniture production since 2020.  At the centre’s recent furniture exhibition, locally made pieces were found to be 20 per cent cheaper than the...

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