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Four + one model to raise funds for Gelephu Mindfulness City

Four + one model to raise funds for Gelephu Mindfulness City

The Gelephu Mindfulness City must prioritise financially viable and bankable projects to secure investments. According to its Board Director, Yee Ean Pang, mobilising funds is crucial to realising the vision of Gelephu as a business hub. Speaking at a recent forum in the capital, the board director said that the city would adopt a “four-plus-one” funding model to attract investments....

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...

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