Bhutan Kuen-Nyam ques­tions the merger of BOIC with BDBL

Bhutan Times - - Front Page - Biku Gu­rung

The Bhutan KuenNyam Party (BKP) has ques­tioned the gov­ern­ment on the le­gal­ity of the merger of Busi­ness Op­por­tu­nity & In­for­ma­tion Cen­tre (BOIC) with the Bhutan De­vel­op­ment Bank Lim­ited (BDBL).

The Pres­i­dent of the party Sonam Tob­gay said that the gov­ern­ment of day must be made ac­count­able for hast- ily in­sti­tut­ing Busi­ness Op­por­tu­nity In­for­ma­tion Cen­tre (BOIC) against all le­gal odds de­spite early warn­ings pro­vided by them both through print, tele­vi­sion and so­cial media.

The Pres­i­dent fur­ther said that BOIC has been part of the heav­ily de­bated Eco­nomic Stim­u­lus Plan (ESP) of the PDP gov­ern­ment and a des­per­ate mea­sure though deemed nec­es­sary to ad­dress the coun­try’s so­cioe­co­nomic con­cerns. Af­ter in­cur­ring two years of high trans­ac­tion cost and suc­cumb­ing to an ap­par­ent twist to the le­gal ex­is­ten­tial saga of the BOIC, the Gov­ern­ment has taken a back foot and di­rected a study com­mit­tee to merge it with Bhutan De­vel­op­ment Bank Lim­ited (BDBL). Such flip-flop de­ci­sion-mak­ing with the

cur­rent gov­ern­ment ex­hibits not only a lack of thor­ough re­search on the vi­a­bil­ity of an in­sti­tu­tion but a deeper man­i­fes­ta­tion of a care­less at­ti­tude and in­com­pe­tence to­wards gov­er­nance.

With the BDBL merger, the gov­ern­ment must shoul­der ac­count­abil­ity and an­swer the ques­tions of how a top-down de­ci­sion merger be im­posed again dis­re­gard­ing the rule of law such as the Com­pa­nies Act, Ser­vice Rules, Re­cruit­ment Poli­cies, etc. No re­cruit­ment can be jus­ti­fied with BOIC em­ploy­ees get­ting au­to­mat­i­cally trans­ferred be­com­ing part of BDBL with­out do­ing due dili­gence to trans­par­ent re­cruit­ment guide­lines of the com­pany. There­fore, another le­gal­ity is­sue of such a merger is bound to arise in fu­ture public dis­course.

Fur­ther the party says that who will be re­spon- sible if some em­ploy­ees (CEO, Di­rec­tors and other non-core func­tionar­ies) are not taken by BDBL, the gov­ern­ment must be fur­ther held ac­count­able for play­ing with peo­ples’ ca­reer. A six months lump sum salary for sud­denly lay­ing off em­ploy­ees does not an­swer many of the so­cial moral re­spon­si­bil­i­ties that have fallen on the gov­ern­ment’s shoul­der.

The Gov­ern­ment must make trans­par­ent up-to- date achieve­ment of BOIC since in­cep­tion till date to avoid pass­ing the buck later onto BDBL. The con­cern for citizen is ac­count­abil­ity – who is re­spon­si­ble for the last two years of ex­pen­sive ex­er­cise that our econ­omy can­not af­ford.

“What needs to be done to pre­vent the re­cur­rence of such a care­less de­ci­sion that the PDP gov­ern­ment is known to in­dulge. WE must in­sist on the gov­ern­ment be­ing more re­spon­si­ble in car­ry­ing out a thor­ough study be­fore im­ple­ment­ing de­ci­sions that cost the coun­try dear. Let us hope pledges like the dis­tri­bu­tion of Bolero ve­hi­cles, power tillers and alas “he­li­copter” ser­vices do not fol­low suit. The coun­try is in the midst of its 11th Five Year Plan and the gov­ern­ment’s game plan has be­come un­pre­dictable by each pass­ing day” the Pres­i­dent fur­ther added.

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