BBSCL

With around Nu 10.6bn received in foreign grant in the last financial year, Bhutan's foreign grant has dropped by over 26 per cent compared to the previous year. Bhutan received around Nu 14.4bn in the 2022-2023 fiscal year, according to the Annual Financial Statements. This change came as Bhutan transitioned from a Least Developed Country to a developing nation, impacting...

The industry, commerce, and employment minister said the government is committed to fostering inclusive workplaces in the private sector through fiscal incentives, public recognition, and direct support for employers supporting diversity. Highlighting a key initiative, he said that the newly launched Youth Engagement and Livelihood Program Guideline 2024 prioritises persons with disabilities by waiving the standard selection process. He emphasised...

The Sangshingzor Vegetable Group in Samdrup Jongkhar’s Phuentshogthang Gewog has increased its income through off-season vegetable farming. The group aims to expand production to supply vegetables to local schools and training centers.  However, a water shortage is impeding farmers from scaling up cultivation.  The 17-member group recently harvested around 5,000 kilograms of early potatoes cultivated on an acre of land. ...

The finance ministry is tightening import regulations to stop people from misusing the country’s tax-free smartphone status and to prevent potential deflection of imports due to tax discrepancies with neighbouring countries. Measures include enhanced import monitoring, ensuring regulatory compliance, tracking foreign exchange use, and conducting import audits. Finance Minister Lekey Dorji shared this at the Meet the Press session earlier...