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

Wasteful spending due to poor assessments and budget controls- RAA Report

The Royal Audit Authority, over the years, has reported several instances of wasteful expenditures in government and public agencies. According to the latest annual audit report, such circumstances arise when investment proposals are made without properly assessing their requirements, uses, and feasibility. Wasteful expenditures are the inefficient use of public resources, resulting from unnecessary and careless spending that brings no...

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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