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Acknowledgments
Gedu College of Business Studies, which is nestled in the enchanting landscapes of
Chukha, has always been a beacon of educational excellence. It has strived not only to impart
knowledge, but also to instill in its students the spirit of innovation, entrepreneurship, and
community engagement. In the heart of Gedu, Chhukha, where knowledge meets innovation, a
remarkable event took place that not only showcased the boundless potential of our youth but
also celebrated the power of collaboration, grit and synergism. G-Fest, the international
business literary festival,whichGedu College of Business Studies hosts annually, was an
endeavor that bore the fruits of unity, determination, and unwavering support.
1
Acknowledgements
As we pen this report, we extend our heartfelt gratitude to the college management for
providing the necessary help and motivation, without which Gedu Festival (G-Fest) could not
have evolved into the resounding success that it became. G-Fest was conceived as a testament
to these ideals, a platform where students could showcase their talents and connect with the
broader business community. From the very inception of this idea, the college management has
been the guiding light, providing valuable insights, unwavering motivation, and the necessary
guidance. The fourth edition of G-Fest was a great success under the supervisions of Mrs.
Manju Shree Pradhan and Mr. Chencho Wangchuk, who took charge of it later when the former
was on her maternity leave. Their never-ending guidance and support have immensely guided
the organization of the festival.
Importantly, we would like to acknowledge and thank the Prime Minister's Office, Royal
Institute for Governance and Strategic Studies (RIGSS), the alumni of our College, Bajra
Builders, Bhutan Mines and Minerals Limited, Druk Polymers Limited, Sersang Private Limited,
Bhutan Agro Industries Limited, IBEST consultancy, National Pension and Provident Fund
(NPPF), Druk Holding Investment (DHI), Kuensel, the Universal Education Consultancy and
Placement Firm, the local community of Gedu, SK Consultancy, Bhutan Chamber of Commerce
and Industry (BCCI), Tashi InfoComm Limited, Bhutan Power Corporation limited (BPC), KUKU
grand hotel, gold fish resort, Deki Restaurant in Gelephu, New Age Technology Private
Limited,Bhutan National Bank (BNB), and GIC Bhutanfor their generous sponsorship, which
played a pivotal role in realizing this event. Their substantial support, both in terms of financial
backing and endorsement, has been instrumental in making this event a grand success.
It is impossible to overstate the importance of the sponsors who joined hands with us on
this journey. Their contributions were the pillars upon which G-Fest stood tall and proud. We
express our profound gratitude to each sponsor, who not only provided financial support but
also enriched the festival with their wisdom and expertise.
In particular, we must mention the alumni of our college, whose financial support and
guidance were invaluable. Their experience and mentorship were instrumental in shaping G-
Fest into a world-class event. The local community of Gedu also deserves special recognition
for its unwavering support, underscoring the strong bond between the college and the town it
calls home.
Beyond financial support, Mid-cloud Studio's technical assistance added a layer of
professionalism and finesse to the event. This partnership broadened the festival's reach,
making it accessible to a global audience and enhancing its appeal. We would also like to
extend our gratitude to the judges and all the participants who made the event competitive,
engaging, and insightful. Your presence and contributions made the event truly remarkable.
The success of G-Fest extended far beyond the festival's duration. It had a lasting
impact on the college, its students, and the entire community. Students were not only provided
with a platform to exhibit their talents but were also exposed to invaluable real-world
experiences and connections. Not only did the festival celebrate the power of collaboration, but
also exemplified the potential that can be unlocked when academia and the corporate world
unite for a common cause.
As we reflect on the success of G-Fest, we look forward to continued collaboration with
our sponsors, our college management, and all the individuals and organizations that made this
event possible. G-Fest was not just a festival; it was a testament to the boundless potential that
can be unleashed when passionate individuals come together to support a shared vision.
In conclusion, G-Fest now stands as a testament to the power of collaboration and the
endless possibilities that lie ahead. This success story is not just about the festival but about
the celebration of unity, dedication, and the spirit of learning. We extend our heartfelt
appreciation to all who made this journey possible and look forward to many more successes in
the future. Thank you for your generosity and belief in our mission!
2
Table of Contents
Gedu Festival ........................................................................................................................... 3
Background............................................................................................................................ 3
Event Details ............................................................................................................................ 4
Opening Ceremony ................................................................................................................ 4
Embracing Economic Transformation ..................................................................................... 5
Twenty- Forty.......................................................................................................................... 5
Empowering voices ................................................................................................................ 6
Tug the Brain.......................................................................................................................... 7
Mind Mingle............................................................................................................................ 8
Story Board ............................................................................................................................ 9
ME2 Business Tycoon...........................................................................................................10
Closing ceremony...................................................................................................................11
Sponsors of G-Fest.................................................................................................................18
Financial Statements ..............................................................................................................19
Note 1....................................................................................................................................20
Note 2................................................................................................................................21
Note 3....................................................................................................................................22
Note 4....................................................................................................................................23
Note 5....................................................................................................................................23
Note 6....................................................................................................................................24
Note 7....................................................................................................................................24
3
Gedu Festival
Theme: Building a Resilient Future Economy: Fostering Innovation, Sustainability, and Future
Economy
Building a Resilient Future Economy: Fostering Innovation, Sustainability, and Future Economy
emphasizes how important it is to set up an economic structure that can change with the times
and prosper in a world that is constantly evolving. It entails encouraging innovation to spur
economic expansion and technical breakthroughs while also placing a high priority on
sustainability to guarantee resource conservation and environmental stewardship. With
innovation and sustainability working together as key pillars for a robust and flourishing future
economy, the goal is to foster a forward-thinking economy that can endure setbacks, embrace
new trends, and bring forth lasting prosperity for future generations.
Background
G- Festis a brainchild of a group of students, who had conceived it as an important
student-initiative in 2016. However, they could realize their conception only in 2017. Hence, this
initiative still creates platforms for students and nurtures their academic, intellectual and social
talents through various competitive events. It also gives the organizing team and its volunteers
opportunities to learn organizational skills. After the second and third editions of the festival, we
could not organize it for two years owing to the Covid-19 pandemic restrictions. This year we
revived it, the fourth edition, after the gap of three years.
Vision: Lending a hand to prepare scholars for their professional careers
Mission statements:
 To increase and stimulate innovative business ideas among students and enhance their
entrepreneurial skills;
 To sponsor talks, conferences, and symposia that expose students to intellectual and
cultural exchanges; and
 To equip students with appropriate business knowledge, skillsand values to cope with
the 21st century challenges.
Objectives:
 The unravel diverse business ideas;
 To broaden the horizon of learning and acquire new skills; and
 To provide the platform to exhibit the participants’ creative talents.
4
Welcome Speech
Honorable Chief Guest, respected Deputy President, Director of College Operations,
esteemed faculty members from various institutions, and dear friends, I stand before you as Bal
BdrGayalal, one of the organizers of the fourth edition of the G-Fest 2023. It is with great
pleasure and a sense of profound responsibility that I extend a warm and heartfelt welcome to
each one of you.
Welcome to Gedu Festival, the International Business Literary Festival. This is a
gathering of intellects and a celebration of ideas. From the 19th
to the 21st
of October 2023, we
converge here, representing six esteemed colleges within Bhutan and one from India. This
event is a testament to the unity of knowledge, learning, and creativity. The journey of G-Fest
has been nothing short of remarkable. Conceived in 2017 by visionary students from Gedu
College of Business Studies, the festival unfolded its inaugural chapter in 2017. It stood resilient
through the years, a symbol of collective vision and tenacity. The pause in 2020-2022, prompted
by global challenges, underscored our commitment to prioritizing the safety and well-being of
our participants.
Today, with immense pride, we announce the reinvigoration of G-Fest with its 4th
edition
in 2023, guided by the theme, “Building a Resilient Future Economy: Fostering Innovation,
Sustainability, and Global Prosperity.” This theme holds deep significance, urging us to
collectively strive towards a future that is sustainable, innovative, and prosperous in the face of
challenges.
We are honored by the presence of our Chief Guest, the Deputy Chief of DGPC, and
distinguished leaders, faculty members, and aspiring students. Your presence elevates the
significance of this festival, adding a layer of prestige to this occasion.
As we embark on the grandeur of G-Fest 2023, carefully curated events await. These
events, numbering eight, unfold concurrently, offering a platform for sharing insights, debating
ideas, and challenging conventions. They serve as a crucible of diverse perspectives, nurturing
intellectual growth and fostering a culture of learning and collaboration. To all participants, I
extend my heartfelt wishes for a truly enriching experience. May these next three days be filled
with not just knowledge but also with the forging of meaningful connections and friendships. Let
us collectively embrace the spirit of resilience and innovation as we envision a future economy
that is not just robust but compassionate.
Once again, a sincere and warm welcome to G-Fest 2023. Let the festival of ideas and
knowledge commence!
Thank you!
Event Details
The event took place from the 19th
to 21st
of October 2023, so, the Public Relations (PR)
team started receiving the participants from various colleges from within Bhutan on 18th
October. The participants from Shri Ram College of Commerce reached Gedu on 19th
October.
The attendees were given a warm welcome by the PR team along with a few lecturers, and the
day ended with opening dinner followed by a short briefing on do’s and don’ts during their three-
day stay.
Opening Ceremony
The Opening Ceremony, held on October 19th
, was a truly remarkable event. Sushil
Adhikari, the Deputy Chief of the Druk Green Power Corporation, honored us as the esteemed
Chief Guest. The day commenced with the melodious tunes of Marchang, followed by the
resounding rendition of the National Anthem. Bal BdrGayalal, in his enlightening address,
delved into both the historical significance of the occasion and the promising prospects for the
future.
5
Similarly, the esteemed Chief Guest emphasized the values of curiosity, innovation, and
self-belief, inspiring all in attendance. The cultural performances by the college cultural troupe
further heightened the excitement by their awe-inspiring display of talents.
Embracing Economic Transformation
Theme: Educating people and understanding the concept of economic transformation
Event Coordinators: Narayan Adhikari and Kheni Maya Pokhrel
Event description:
Embracing Economic Transformation, which was heldon 19th
October, 2023, featured
four notable panelists: Mr. Justin Sim (Chairman of GCBS& CST), Mrs. Tshering Pelden
(Executive Director of S.K Consultancy), Mr. KelzangJigten (Regional Secretary of Bhutan
Chamber of Commerce and Industry), and Mr. Pema Yoezer (Officiating Director of the Royal
Monetary Authority). The discussion was moderated byMr. Sherab Dorji, the news editor and
anchor of Bhutan Broadcasting Service.
Twenty- Forty
Theme: Creating value in the community
Event coordinators: Yeshey Singye and Sonam Chophel
Event description:
Twenty-Fortywas an engaging and educative business challenge designed specifically
for students, drawing inspiration from the wisdom shared in the book "What I Wish I Knew When
I Was 20." This competition encourages students to put their entrepreneurial acumen to the test
by providing each participating team with a seed fund of Nu.500. Their mission is to develop a
viable business idea that not only grows this initial investment but also offers valuable insights
into the realities of entrepreneurship.
Taking place over the course of a week, Twenty Forty pushes young entrepreneurs to
brainstorm, strategize, and implement their creative ideas, all in an effort to multiply their seed
funds. This unique challenge aims to do more than just promote entrepreneurship; it's a
dynamic learning experience that encourages students to apply the principles of
entrepreneurship and innovation they've learned from the book and in their academic studies.
By fostering critical thinking, collaboration, and calculated risk-taking, the challenge equips
6
students with practical skills that extend beyond the classroom and into the ever-changing
landscape of business. "Twenty Forty" serves as a platform for students to nurture their
entrepreneurial spirit, providing them with both the knowledge and confidence to transform their
creative ideas into successful ventures. It is an enriching and transformative educational
experience, enabling students to be better prepared for the challenges and opportunities they
may encounter in the real world of business.
Participants: All seven colleges (the team of 6 to 7 members from each college)
Winner: Institute of Science and Mind
Runner-up: Shri Ram College of Commerce
Empowering voices
Topic: The transformative role of technology in Bhutan: Exploring the impacts of emerging
technologies on innovation, entrepreneurship, and social dynamics
Event Coordinators: Bal Krishna Sapkota, Doot Kumar Ghalley,and Chitra Maya Sunwar
Event description:
Empowering Voices is a panel discussion, and the panelists were the student-
representativesof each participating college. The topic for discussion included economic
sustainability, digital transformation and entrepreneurship, healthcare, education and culture,
andrisks associated with technological advancements, for instance. Notably, the discussion
explored thegrowing significance of cryptocurrency and blockchain.
The overarching theme that emerged from the discussion was the positive impact of
technology on different aspects of our lives. However, the participants emphasized the need for
a balanced approach that preserves culture and uses technology as a tool rather than a
replacement for human creativity. This balance was considered essential to ensure that
technology empowers voices and fosters innovation while also addressing potential risks and
maintaining cultural identity. The panel concluded by highlighting the importance of coexisting
with technology and culture harmoniously so that they empower individuals and societies on a
global scale.
7
Participants: One member from each college
Winner: Shri Ram College of Commerce
Runner-up: Sherubtse College
Tug the Brain
Theme: For a better future; create it now
Event Coordinator: Ritu Raj Ghalley and Tshering Tobgyal
Event description:
Tug the Brain showcased a captivating intercollegiate debate featuring 7 talented
participants, each representing a different college. The competition comprised three intense
rounds, designed to challenge the participants' debating skills and intellectual prowess. In each
round, participant had the opportunity to eloquently share their perspective on their respective
topics and refute within a concise timeframe. This segment allowed them to present their
arguments, knowledge, and communication skills to captivate the audience and judges.
The second round introduced a dynamic twist as it was dedicated to refuting the
arguments put forth by the opposing team, allowing each participant just three minutes to
effectively counter their opponents' viewpoints. The final rounds lasted two minutes each. In the
final round participants from Gedu College of Business Studies and Shri Ram College of
Commerce were pitted against each other. These finalists showcased the culmination of their
debate skills and knowledge, demonstrating their ability to articulate, persuade, and defend their
positions. The competition served as a platform for academic rigor, critical thinking, and the
spirited exchange of ideas, highlighting the intellectual excellence present among the
participating colleges.
8
Participants: One participant from each college
Winner: Shri Ram College of Commerce
Runner-up: Gedu College of Business Studies
Mind Mingle
Theme: Journey through Knowledge
Event Coordinators: Pema Dechen Tamang and Pelden Singye
Event Description:
Mind mingle is a quiz that delved into the profound impacts of technology on innovation,
entrepreneurship, and social dynamics. The program brought together two participants each
from seven colleges excluding the three judges and the quiz master, who oversaw the event.
Together they created a vibrant intellectual atmosphere in the auditorium. As per the format of
the quiz, the participants chose a number from the pool of 10 sets of questions. Each selected
number corresponded to a set of 10 questions that participants had to solve within a challenging
seven-minute timeframe.
9
Participants: Two students from each college
Winner: Gedu College of Business Studies
Runner-up: College of Language and CultureStudies
Story Board
Theme: Digital Horizons: Unleashing the Potential of Storyboard in Digital Marketing
Event Coordinators: Kinley PenjorBomjan and Yamuna Ghalley
Event Description:
Digital being the influencer in today’s world, the storyboard event was developed with a
theme of “unleashing the potential of storyboard”. The event was designed to acknowledge and
embrace the importance of storyboard in the field of marketing. Each participating college was
represented by 4 members and had to develop a storyboard on the given private companies
(sponsors of G-Fest) within the allotted time of 40 minutes and present their idea in 5 minutes.
This helps the participants to come up with creative and appealing stories within a short span of
time and to pitch their ideas effectively by being precise and attractive. The event was graced by
2 judges who shared their views on the storyboard being imperative in different areas such as
films and marketing.
Participants: Four members from each college
Winner: Shri Ram College of Commerce
Runners up: Norbuling Rigter College
10
ME2 Business Tycoon
Theme: The Power of Entrepreneurship: Thriving in a Changing World
Event Coordinators: Tshering Lhamo and Tenzin Yangsel
Event Description:
Me2 Business Tycoon was a declamation, where participants had to select a business
idol each and then delivered their speeches. The event offered the participants opportunities to
learn more about those successful business figures and develop oratorical and imitative skills. It
also intended to inspire the next generation of entrepreneurs and business leaders through
those declamatory speeches.
During the declamation, each participant embodied the persona of well-known business
figures. As intended, they demonstrated a deep understanding of business concepts, displayed
confidence and charisma on stage besides effectively conveying their intended messages to the
audience.
The participants choose the following impressions.
Sl. No Name of College Business Entrepreneurs
1 College of Language and Culture Studies Kristen Hall
2 Gedu College of Business Studies Jack Ma
3 Institute of Science of Mind Steve Job
4 Jigme Namgyal Engineering College Sadira Yeong
5 Sherubtse College Karma Yonten
6 Sheri Ram College of Commerce Sundra Pichai
7 NorbulingRigter College Indra Nooyi
Participants: One student from each college
Winner: Sherubtse College
Runner-up: Norbuling Rigter College
11
Closing ceremony
The closing day was marked with awarding of certificates and prizes to the winners and the
participating colleges. It was graced by Dasho Chewang Rinzin, the Director of Royal Institute
for Governance and Strategic Studies (RIGSS).
12
Vote of Thanks
Today, as we gather here to bring the curtains down on the remarkable three-day G-fest,
an international businessliteracy festival, that has enriched our hearts and minds, it is with
immense gratitude and a profound sense of fulfillment that I, Dechen Lhaden, on behalf of the
G-Fest organizing committee stand before you to extend our heartfelt gratitude.
G-Fest has been an extraordinary journey for all of us – organizers, participants, and our
audience. Each event that unfolded over these three days has been an incredible experience for
our team. Also, it has been a knowledge-filled adventure for the participants and those in
attendance as well. From thought-provoking discussions to captivating performances, G-Fest
has truly been a melting pot of ideas and creativity, where learning and innovation blended
seamlessly.
First and foremost, we would like to thank our event advisors Mr. Chencho Wangchuk
and Ma’am Manju Shree, who have helped us to bring our vision into a reality. We couldn't have
embarked on this incredible journey without the unwavering support of our college
management. Despite being a fully student-initiated event, they stood by us offering guidance,
encouragement, and resources. We express our deepest gratitude for their trust in our vision
and leadership.
Secondly, the main bloodline of our festival was our sponsors, and they deserve a
special mention. We are deeply honored and profoundly grateful to the Prime Minister's Office
for its invaluable financial support for the festival. Moreover, it is with immense pleasure that we
acknowledge the support from the following organizations, firms, or individuals:
 Royal Institute for Governance and Strategic Studies (RIGSS)
 The alumni of our college for not only financially supporting us but also guiding us
throughout this event.
 Bajra Builders
 Bhutan Mines and Minerals Limited
 Druk Polymers Limited
 Sersang private limited
 Bhutan Agro Industries Limited
 IBEST consultancy
 National Pension and Provident Fund (NPPF)
 Druk Holding Investment (DHI)
 Kuensel Corporation
 The Universal Education Consultancy and Placement Firm
 The local community of Gedu
 SK Consultancy
 Bhutan Chamber of Commerce and Industry (BCCI)
 Tashi InfoComm Limited
 Bhutan power corporation limited (BPC)
 KUKU grand hotel, gold fish resort, Deki restaurant in Gelephu
 New Age Technology Private Limited
 Bhutan National Bank (BNB)
 GIC Bhutan
We would also like to thank all our judges for your sacrifices. We are also grateful to our
Mid-Cloud Studio team for your technical support, which added extra charm to our event and
increased the reach of our event to our global audience.
Your financial and in-kind contributions have been instrumental in making this event
possible. It represents a vote of confidence in our vision and purpose of our festival. Thank you
so much to all the sponsors!
13
Now, we would also like to extend our sincere gratitude to the most important and crucial
members of this event without whom this event would not have taken place. They are
theparticipants who have traveled from their respective colleges to be part of this festival. We
thank the management, students and escorts of:
1. College of Language and Culture Studies
2. Jigme Namgyel Engineering College
3. Institute of Science of Mind
4. Norbuling Rigter College
5. Sherubtse College
6. Gedu College of Business Studies
7. Shri Ram College of Commerce
To all the participants, your presence and involvements have left an indelible mark in our hearts
and memories and made this event a success.
We thank you all!
Behind the scenes, our event advisors and coordinators, as well as the dedicated
volunteers, have worked really hard. Their tireless efforts, sleepless nights, and unwavering
commitment have been the backbone of this G-fest. We thank you for your dedication.
And in this closing ceremony, we would like to express our deep appreciation to our
Chief Guest, the Director of RIGGS, for gracing us with your presence. We are also grateful to
our audience for being with us throughout the festival.Lastly, we congratulate all the winning
teams and all other colleges because you are taking something bigger than the prize, which are
knowledge, exposure, experience, and friendship.
Kadrenchey la!
14
Guest, Judges, and Participants detail of G-Fest 2023
The following are the participating colleges for the G- Fest 2023:
1. College of Language and Culture Studies
2. Gedu College of Business Studies
15
3. Institute of Science of Mind
4. Jigme Namgyal Engineering College
16
5. Norbuling Rigter College
6. Sherubtse College
17
7. Shri Ram College of Commerce
It is an honor to have the mentioned dignitaries who have added value to the event with their
profound knowledge and experience. We thank them for the contributions they have made in
the success of the G-fest 2023.
1. Dasho Chewang Rinzin, Director of Royal Institute for Governance and Strategic Studies
2. Sushil Adhikari, Deputy Chief of Druk Green Power Corporation
3. Mr. Justin Sim, Chairman of GCBS and CST
4. Mrs. Tshering Pelden, Executive Director of S.K Education Consultancy
5. Mr. Kelzang Jigten, Regional Secretary of Bhutan Chamber of Commerce and Industry
6. Mr. Pema Yoezer, Officiating Director of Royal Monetary Authority
7. Mr. Sherab Dorji, the News Editor and Anchor of Bhutan Broadcasting Service
8. Mr. Jangchub Dorji, Chairman of Entrepreneurs of Chhukha
9. Mr. Thukten Sherab, Associate analyst of Druk Holding and Investment
10. Mr. Thinley Wangchuk, Creative Manager of Samuh
11. Mrs. Pem Choden Tshering, Lawyer
12. Mr. Prithiman Chhetri, Treasury officer of Bhutan National Bank
13. Sonam Yangchen, Analyst of Department of Revenue and Customs
14. Chimi Rinzin, Senior E- payment officer
15. Mr. Ugyen Tenzin, Finance Officer
16. Mr. Trishan Rimal, Credit Officer
17. Mrs. Shhrijana Rai, UNICEF, Save the Children
18. Mr. Kuenga Dorji (Supe)
19. Yangdey, Assistant Flim Director
18
The sponsors of G-Fest 2023
.
19
Financial Statements
Statement of Comprehensive Income for G-Fest
Particulars Note No. Amount (Nu)
Income from donations 1 590,242.50
Revenue from talent show 55,100.00
Revenue from music night 10,040.00
Seed Money Refund 3,000.00
A. Total Revenue 658,382.50
Operating expenses:
Refreshment 2 24,557.00
Decoration 3 64,882.50
Traveling expenses 4 18,540.00
Event expenses 5 151,279.00
Logistic expenses 6 7,035.00
Food expenses 7 290,526.00
B. Total Expenses 556,819.50
Net earnings/ profit (A-B) 101,563.00
5%
52%
12%
3%
27%
1%
G Fest Expenses
Refreshment
Food
Decoration
Travelling expense
Event expense
Logistic expense
20
Note 1
Date Deposited by Journal Number Amount in Nu.
12/7/2023 Thukten Sherab 197896 3,333.00
12/7/2023 Tandin Wangchuk 201739 2,022.00
12/7/2023 Dawa Pelzang 204022 1,001.00
12/7/2023 Lopen Sungkob 217019 1,555.00
12/7/2023 Yewong Selden 217477 50.00
12/7/2023 Unknown 208737 10.00
12/7/2023 Sangay Tashi 264396 111.00
12/7/2023 Pema Tshering 270528 111.00
13/7/2023 Café Escape 875607 2,000.00
13/7/2023 Unknown 950666 250.00
13/7/2023 Yangchen Pelden 1225997 50.00
13/7/2023 Changa Lham 1234607 1,050.00
13/7/2023 Mon Kumar 1286819 100.00
13/7/2023 Kinga Wangchuk 1297100 151.00
13/7/2023 Penjor 1303057 150.00
13/7/2023 Sangay Rinchen 1340133 100.00
13/7/2023 Phub Dorji 1663310 100.00
13/7/2023 Sonam Zangpo 1741533 2,000.00
13/7/2023 Tenzin Choeda 1843561 100.00
14/7/2023 Unknown 800608316 108.00
14/7/2023 Zero 567324 15,875.00
14/7/2023 Rinzin Choden 913836 500.00
14/7/2023 DC Mart 1609511 5,000.00
14/7/2023 Tshering Yangden 1986014 1,005.00
15/7/2023 Sherab 668326 500.00
15/7/2023 Chimi Dorji 686816 555.00
15/7/2023 Trishan Rimal 741622 5,000.00
15/7/2023 Pema Gyeltshen 912281 1,001.00
16/7/2023 Karma Drukpa 1483695 501.50
16/7/2023 Nidup Dorji 1492012 1,001.00
-
50,000.00
100,000.00
150,000.00
200,000.00
250,000.00
300,000.00
Refreshment Food Decoration Travelling
expense
Event
expense
Logistic
expense
G Fest Expenses
21
17/7/2023 Bajra Builders 196417 10,000.00
18/7/2023 Unknown 56111.00 2,000.00
19/7/2023 BNB 514000099 20,000.00
19/7/2023 Unknown 1111366 5,000.00
20/7/2023 Unknown 558601 5,000.00
20/7/2023 Unknown 897253 5,000.00
22/7/2023 Puran Rai 107874 2,000.00
23/7/2023 Unknown 164362 3,000.00
24/7/2023 New Age technology pvt ltd 543685 10,000.00
GIC 25,000.00
RIGSS 30,000.00
31/7/2023 G-Fest Gelephu 1197392 15,000.00
8/8/2023 BPC 25,000.00
10/8/2023 Lottery 1515332 10,251.00
1
4/8/2023 Tashi InfoComm Limited 3.22614E+11 8,601.00
1/9/2023 BCCI 30,000.00
1/9/2023 SK consultancy 20,000.00
1/9/2023 Universal ECPF 5,000.00
1/9/2023 Kuensel 10,000.00
1/9/2023 DHI 25,000.00
6/9/2023 NPPF 569500008 10,000.00
6/9/2023 IBEST 627204 10,000.00
23/9/2023 Druk Polymer 552712 8,000.00
PMO 250,000.00
unknown 600.00
Unknown 100.00
Unknown 100.00
Unknown 300.00
Total Income 590,242.50
Note 2
Refreshment Amount
Juice 350.00
Refreshment 1,100.00
Refreshment 735.00
Refreshment 600.00
Refreshment 600.00
Refreshment 350.00
Juice 150.00
Refreshment 810.00
Juice 8,400.00
Fruits for guest 282.00
Munch 300.00
Refreshment 8,845.00
Refreshment 380.00
Happy Dent 20.00
Refreshment 1,635.00
Total 24,557.00
22
Note 3
Decoration Amount
Favicol 650.00
Stationery 4,795.00
LED light 2,750.00
Banners 5,323.50
Balloon and connector 650.00
Nails 50.00
Bage Printing 100.00
Signature pen 60.00
A4-sized papers 365.00
Lamination 85.00
Pencils 75.00
Files 120.00
Stationery 1,255.00
Stationery 2,862.00
Batch and cloths 3,850.00
Kadars 200.00
Stationery 540.00
GFEST stickers 600.00
Diaries 5,700.00
Bags, plates, and glasses 1,980.00
Photo frames 1,225.00
Banners and sun-board 10,167.00
White cloths 1,600.00
Pen, sticky notes and A3 paper 411.00
Charts, glitter papers 2,462.00
Balloons 70.00
Candles 180.00
Audi cable 140.00
Photo frames 6,120.00
Mix fruits for thokay 1,100.00
Planter EX 4,500.00
Stationery 677.00
Pilot pen and ID cases 980.00
Fruits 430.00
Frames 1,200.00
Decorations 1,500.00
Stationery 110.00
Total 64,882.50
23
Note 4
Travel expenses Amount
Bus fare 1,500.00
Taxi fare 160.00
Taxi fare 150.00
Taxi fare 700.00
Bolero 220.00
Taxi fare 1,500.00
Travelling expense 3,310.00
Taxi fare 2,500.00
Taxi fare 3,500.00
Taxi fare 3,500.00
Taxi fare 200.00
Taxi fare 500.00
Taxi fare 300.00
Taxi fare 500.00
Total 18,540.00
Note 5
Event expense Amount
Name tag ribbons 874.00
Tickets for music night 2,000.00
Seed money 3,000.00
G-Fest Trophy 4,000.00
Printing of tags 1,775.00
Printing for talent show 500.00
Guest Fees 5,100.00
Prizes (talent show) 7,000.00
Vouchers to Shri Ram 3,150.00
Prizes 40,000.00
Music night 56,180.00
Cake 1,500.00
Vouchers to driver 100.00
Postal charges 160.00
Issue of check book 50.00
Call bells 360.00
ID Cases 756.00
Music night sing 2,900.00
Tag threads 100.00
Certificates 600.00
Event expenses 5,000.00
G fest 2,989.00
Shopping 5,000.00
Certificates 5,575.00
Tongba 360.00
Report Printing 2,250.00
Total 151,279.00
24
Note 6
Logistic expenses Amount
Phenol 130.00
Shopping 1,115.00
Tissue papers 1,080.00
Towels 350.00
Laundry 610.00
PR Expenses 3,750.00
Total 7,035.00
Note 7
Meals Amount
Dinner 5,330.00
Lunch 4,420.00
Lunch 4,830.00
Food 20,285.00
Food 19,325.00
Food 18,340.00
Food 12,240.00
Food 9,675.00
Lunch and dinner 1,060.00
Dinner 720.00
Lunch 329.00
Food (mess) 189,042.00
Dinner 610.00
Dinner 4,320.00
Total 290,526.00

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4th Edition G-fest Report 2023 - final prepared by BBG.pdf

  • 1. 0 Acknowledgments Gedu College of Business Studies, which is nestled in the enchanting landscapes of Chukha, has always been a beacon of educational excellence. It has strived not only to impart knowledge, but also to instill in its students the spirit of innovation, entrepreneurship, and community engagement. In the heart of Gedu, Chhukha, where knowledge meets innovation, a remarkable event took place that not only showcased the boundless potential of our youth but also celebrated the power of collaboration, grit and synergism. G-Fest, the international business literary festival,whichGedu College of Business Studies hosts annually, was an endeavor that bore the fruits of unity, determination, and unwavering support.
  • 2. 1 Acknowledgements As we pen this report, we extend our heartfelt gratitude to the college management for providing the necessary help and motivation, without which Gedu Festival (G-Fest) could not have evolved into the resounding success that it became. G-Fest was conceived as a testament to these ideals, a platform where students could showcase their talents and connect with the broader business community. From the very inception of this idea, the college management has been the guiding light, providing valuable insights, unwavering motivation, and the necessary guidance. The fourth edition of G-Fest was a great success under the supervisions of Mrs. Manju Shree Pradhan and Mr. Chencho Wangchuk, who took charge of it later when the former was on her maternity leave. Their never-ending guidance and support have immensely guided the organization of the festival. Importantly, we would like to acknowledge and thank the Prime Minister's Office, Royal Institute for Governance and Strategic Studies (RIGSS), the alumni of our College, Bajra Builders, Bhutan Mines and Minerals Limited, Druk Polymers Limited, Sersang Private Limited, Bhutan Agro Industries Limited, IBEST consultancy, National Pension and Provident Fund (NPPF), Druk Holding Investment (DHI), Kuensel, the Universal Education Consultancy and Placement Firm, the local community of Gedu, SK Consultancy, Bhutan Chamber of Commerce and Industry (BCCI), Tashi InfoComm Limited, Bhutan Power Corporation limited (BPC), KUKU grand hotel, gold fish resort, Deki Restaurant in Gelephu, New Age Technology Private Limited,Bhutan National Bank (BNB), and GIC Bhutanfor their generous sponsorship, which played a pivotal role in realizing this event. Their substantial support, both in terms of financial backing and endorsement, has been instrumental in making this event a grand success. It is impossible to overstate the importance of the sponsors who joined hands with us on this journey. Their contributions were the pillars upon which G-Fest stood tall and proud. We express our profound gratitude to each sponsor, who not only provided financial support but also enriched the festival with their wisdom and expertise. In particular, we must mention the alumni of our college, whose financial support and guidance were invaluable. Their experience and mentorship were instrumental in shaping G- Fest into a world-class event. The local community of Gedu also deserves special recognition for its unwavering support, underscoring the strong bond between the college and the town it calls home. Beyond financial support, Mid-cloud Studio's technical assistance added a layer of professionalism and finesse to the event. This partnership broadened the festival's reach, making it accessible to a global audience and enhancing its appeal. We would also like to extend our gratitude to the judges and all the participants who made the event competitive, engaging, and insightful. Your presence and contributions made the event truly remarkable. The success of G-Fest extended far beyond the festival's duration. It had a lasting impact on the college, its students, and the entire community. Students were not only provided with a platform to exhibit their talents but were also exposed to invaluable real-world experiences and connections. Not only did the festival celebrate the power of collaboration, but also exemplified the potential that can be unlocked when academia and the corporate world unite for a common cause. As we reflect on the success of G-Fest, we look forward to continued collaboration with our sponsors, our college management, and all the individuals and organizations that made this event possible. G-Fest was not just a festival; it was a testament to the boundless potential that can be unleashed when passionate individuals come together to support a shared vision. In conclusion, G-Fest now stands as a testament to the power of collaboration and the endless possibilities that lie ahead. This success story is not just about the festival but about the celebration of unity, dedication, and the spirit of learning. We extend our heartfelt appreciation to all who made this journey possible and look forward to many more successes in the future. Thank you for your generosity and belief in our mission!
  • 3. 2 Table of Contents Gedu Festival ........................................................................................................................... 3 Background............................................................................................................................ 3 Event Details ............................................................................................................................ 4 Opening Ceremony ................................................................................................................ 4 Embracing Economic Transformation ..................................................................................... 5 Twenty- Forty.......................................................................................................................... 5 Empowering voices ................................................................................................................ 6 Tug the Brain.......................................................................................................................... 7 Mind Mingle............................................................................................................................ 8 Story Board ............................................................................................................................ 9 ME2 Business Tycoon...........................................................................................................10 Closing ceremony...................................................................................................................11 Sponsors of G-Fest.................................................................................................................18 Financial Statements ..............................................................................................................19 Note 1....................................................................................................................................20 Note 2................................................................................................................................21 Note 3....................................................................................................................................22 Note 4....................................................................................................................................23 Note 5....................................................................................................................................23 Note 6....................................................................................................................................24 Note 7....................................................................................................................................24
  • 4. 3 Gedu Festival Theme: Building a Resilient Future Economy: Fostering Innovation, Sustainability, and Future Economy Building a Resilient Future Economy: Fostering Innovation, Sustainability, and Future Economy emphasizes how important it is to set up an economic structure that can change with the times and prosper in a world that is constantly evolving. It entails encouraging innovation to spur economic expansion and technical breakthroughs while also placing a high priority on sustainability to guarantee resource conservation and environmental stewardship. With innovation and sustainability working together as key pillars for a robust and flourishing future economy, the goal is to foster a forward-thinking economy that can endure setbacks, embrace new trends, and bring forth lasting prosperity for future generations. Background G- Festis a brainchild of a group of students, who had conceived it as an important student-initiative in 2016. However, they could realize their conception only in 2017. Hence, this initiative still creates platforms for students and nurtures their academic, intellectual and social talents through various competitive events. It also gives the organizing team and its volunteers opportunities to learn organizational skills. After the second and third editions of the festival, we could not organize it for two years owing to the Covid-19 pandemic restrictions. This year we revived it, the fourth edition, after the gap of three years. Vision: Lending a hand to prepare scholars for their professional careers Mission statements:  To increase and stimulate innovative business ideas among students and enhance their entrepreneurial skills;  To sponsor talks, conferences, and symposia that expose students to intellectual and cultural exchanges; and  To equip students with appropriate business knowledge, skillsand values to cope with the 21st century challenges. Objectives:  The unravel diverse business ideas;  To broaden the horizon of learning and acquire new skills; and  To provide the platform to exhibit the participants’ creative talents.
  • 5. 4 Welcome Speech Honorable Chief Guest, respected Deputy President, Director of College Operations, esteemed faculty members from various institutions, and dear friends, I stand before you as Bal BdrGayalal, one of the organizers of the fourth edition of the G-Fest 2023. It is with great pleasure and a sense of profound responsibility that I extend a warm and heartfelt welcome to each one of you. Welcome to Gedu Festival, the International Business Literary Festival. This is a gathering of intellects and a celebration of ideas. From the 19th to the 21st of October 2023, we converge here, representing six esteemed colleges within Bhutan and one from India. This event is a testament to the unity of knowledge, learning, and creativity. The journey of G-Fest has been nothing short of remarkable. Conceived in 2017 by visionary students from Gedu College of Business Studies, the festival unfolded its inaugural chapter in 2017. It stood resilient through the years, a symbol of collective vision and tenacity. The pause in 2020-2022, prompted by global challenges, underscored our commitment to prioritizing the safety and well-being of our participants. Today, with immense pride, we announce the reinvigoration of G-Fest with its 4th edition in 2023, guided by the theme, “Building a Resilient Future Economy: Fostering Innovation, Sustainability, and Global Prosperity.” This theme holds deep significance, urging us to collectively strive towards a future that is sustainable, innovative, and prosperous in the face of challenges. We are honored by the presence of our Chief Guest, the Deputy Chief of DGPC, and distinguished leaders, faculty members, and aspiring students. Your presence elevates the significance of this festival, adding a layer of prestige to this occasion. As we embark on the grandeur of G-Fest 2023, carefully curated events await. These events, numbering eight, unfold concurrently, offering a platform for sharing insights, debating ideas, and challenging conventions. They serve as a crucible of diverse perspectives, nurturing intellectual growth and fostering a culture of learning and collaboration. To all participants, I extend my heartfelt wishes for a truly enriching experience. May these next three days be filled with not just knowledge but also with the forging of meaningful connections and friendships. Let us collectively embrace the spirit of resilience and innovation as we envision a future economy that is not just robust but compassionate. Once again, a sincere and warm welcome to G-Fest 2023. Let the festival of ideas and knowledge commence! Thank you! Event Details The event took place from the 19th to 21st of October 2023, so, the Public Relations (PR) team started receiving the participants from various colleges from within Bhutan on 18th October. The participants from Shri Ram College of Commerce reached Gedu on 19th October. The attendees were given a warm welcome by the PR team along with a few lecturers, and the day ended with opening dinner followed by a short briefing on do’s and don’ts during their three- day stay. Opening Ceremony The Opening Ceremony, held on October 19th , was a truly remarkable event. Sushil Adhikari, the Deputy Chief of the Druk Green Power Corporation, honored us as the esteemed Chief Guest. The day commenced with the melodious tunes of Marchang, followed by the resounding rendition of the National Anthem. Bal BdrGayalal, in his enlightening address, delved into both the historical significance of the occasion and the promising prospects for the future.
  • 6. 5 Similarly, the esteemed Chief Guest emphasized the values of curiosity, innovation, and self-belief, inspiring all in attendance. The cultural performances by the college cultural troupe further heightened the excitement by their awe-inspiring display of talents. Embracing Economic Transformation Theme: Educating people and understanding the concept of economic transformation Event Coordinators: Narayan Adhikari and Kheni Maya Pokhrel Event description: Embracing Economic Transformation, which was heldon 19th October, 2023, featured four notable panelists: Mr. Justin Sim (Chairman of GCBS& CST), Mrs. Tshering Pelden (Executive Director of S.K Consultancy), Mr. KelzangJigten (Regional Secretary of Bhutan Chamber of Commerce and Industry), and Mr. Pema Yoezer (Officiating Director of the Royal Monetary Authority). The discussion was moderated byMr. Sherab Dorji, the news editor and anchor of Bhutan Broadcasting Service. Twenty- Forty Theme: Creating value in the community Event coordinators: Yeshey Singye and Sonam Chophel Event description: Twenty-Fortywas an engaging and educative business challenge designed specifically for students, drawing inspiration from the wisdom shared in the book "What I Wish I Knew When I Was 20." This competition encourages students to put their entrepreneurial acumen to the test by providing each participating team with a seed fund of Nu.500. Their mission is to develop a viable business idea that not only grows this initial investment but also offers valuable insights into the realities of entrepreneurship. Taking place over the course of a week, Twenty Forty pushes young entrepreneurs to brainstorm, strategize, and implement their creative ideas, all in an effort to multiply their seed funds. This unique challenge aims to do more than just promote entrepreneurship; it's a dynamic learning experience that encourages students to apply the principles of entrepreneurship and innovation they've learned from the book and in their academic studies. By fostering critical thinking, collaboration, and calculated risk-taking, the challenge equips
  • 7. 6 students with practical skills that extend beyond the classroom and into the ever-changing landscape of business. "Twenty Forty" serves as a platform for students to nurture their entrepreneurial spirit, providing them with both the knowledge and confidence to transform their creative ideas into successful ventures. It is an enriching and transformative educational experience, enabling students to be better prepared for the challenges and opportunities they may encounter in the real world of business. Participants: All seven colleges (the team of 6 to 7 members from each college) Winner: Institute of Science and Mind Runner-up: Shri Ram College of Commerce Empowering voices Topic: The transformative role of technology in Bhutan: Exploring the impacts of emerging technologies on innovation, entrepreneurship, and social dynamics Event Coordinators: Bal Krishna Sapkota, Doot Kumar Ghalley,and Chitra Maya Sunwar Event description: Empowering Voices is a panel discussion, and the panelists were the student- representativesof each participating college. The topic for discussion included economic sustainability, digital transformation and entrepreneurship, healthcare, education and culture, andrisks associated with technological advancements, for instance. Notably, the discussion explored thegrowing significance of cryptocurrency and blockchain. The overarching theme that emerged from the discussion was the positive impact of technology on different aspects of our lives. However, the participants emphasized the need for a balanced approach that preserves culture and uses technology as a tool rather than a replacement for human creativity. This balance was considered essential to ensure that technology empowers voices and fosters innovation while also addressing potential risks and maintaining cultural identity. The panel concluded by highlighting the importance of coexisting with technology and culture harmoniously so that they empower individuals and societies on a global scale.
  • 8. 7 Participants: One member from each college Winner: Shri Ram College of Commerce Runner-up: Sherubtse College Tug the Brain Theme: For a better future; create it now Event Coordinator: Ritu Raj Ghalley and Tshering Tobgyal Event description: Tug the Brain showcased a captivating intercollegiate debate featuring 7 talented participants, each representing a different college. The competition comprised three intense rounds, designed to challenge the participants' debating skills and intellectual prowess. In each round, participant had the opportunity to eloquently share their perspective on their respective topics and refute within a concise timeframe. This segment allowed them to present their arguments, knowledge, and communication skills to captivate the audience and judges. The second round introduced a dynamic twist as it was dedicated to refuting the arguments put forth by the opposing team, allowing each participant just three minutes to effectively counter their opponents' viewpoints. The final rounds lasted two minutes each. In the final round participants from Gedu College of Business Studies and Shri Ram College of Commerce were pitted against each other. These finalists showcased the culmination of their debate skills and knowledge, demonstrating their ability to articulate, persuade, and defend their positions. The competition served as a platform for academic rigor, critical thinking, and the spirited exchange of ideas, highlighting the intellectual excellence present among the participating colleges.
  • 9. 8 Participants: One participant from each college Winner: Shri Ram College of Commerce Runner-up: Gedu College of Business Studies Mind Mingle Theme: Journey through Knowledge Event Coordinators: Pema Dechen Tamang and Pelden Singye Event Description: Mind mingle is a quiz that delved into the profound impacts of technology on innovation, entrepreneurship, and social dynamics. The program brought together two participants each from seven colleges excluding the three judges and the quiz master, who oversaw the event. Together they created a vibrant intellectual atmosphere in the auditorium. As per the format of the quiz, the participants chose a number from the pool of 10 sets of questions. Each selected number corresponded to a set of 10 questions that participants had to solve within a challenging seven-minute timeframe.
  • 10. 9 Participants: Two students from each college Winner: Gedu College of Business Studies Runner-up: College of Language and CultureStudies Story Board Theme: Digital Horizons: Unleashing the Potential of Storyboard in Digital Marketing Event Coordinators: Kinley PenjorBomjan and Yamuna Ghalley Event Description: Digital being the influencer in today’s world, the storyboard event was developed with a theme of “unleashing the potential of storyboard”. The event was designed to acknowledge and embrace the importance of storyboard in the field of marketing. Each participating college was represented by 4 members and had to develop a storyboard on the given private companies (sponsors of G-Fest) within the allotted time of 40 minutes and present their idea in 5 minutes. This helps the participants to come up with creative and appealing stories within a short span of time and to pitch their ideas effectively by being precise and attractive. The event was graced by 2 judges who shared their views on the storyboard being imperative in different areas such as films and marketing. Participants: Four members from each college Winner: Shri Ram College of Commerce Runners up: Norbuling Rigter College
  • 11. 10 ME2 Business Tycoon Theme: The Power of Entrepreneurship: Thriving in a Changing World Event Coordinators: Tshering Lhamo and Tenzin Yangsel Event Description: Me2 Business Tycoon was a declamation, where participants had to select a business idol each and then delivered their speeches. The event offered the participants opportunities to learn more about those successful business figures and develop oratorical and imitative skills. It also intended to inspire the next generation of entrepreneurs and business leaders through those declamatory speeches. During the declamation, each participant embodied the persona of well-known business figures. As intended, they demonstrated a deep understanding of business concepts, displayed confidence and charisma on stage besides effectively conveying their intended messages to the audience. The participants choose the following impressions. Sl. No Name of College Business Entrepreneurs 1 College of Language and Culture Studies Kristen Hall 2 Gedu College of Business Studies Jack Ma 3 Institute of Science of Mind Steve Job 4 Jigme Namgyal Engineering College Sadira Yeong 5 Sherubtse College Karma Yonten 6 Sheri Ram College of Commerce Sundra Pichai 7 NorbulingRigter College Indra Nooyi Participants: One student from each college Winner: Sherubtse College Runner-up: Norbuling Rigter College
  • 12. 11 Closing ceremony The closing day was marked with awarding of certificates and prizes to the winners and the participating colleges. It was graced by Dasho Chewang Rinzin, the Director of Royal Institute for Governance and Strategic Studies (RIGSS).
  • 13. 12 Vote of Thanks Today, as we gather here to bring the curtains down on the remarkable three-day G-fest, an international businessliteracy festival, that has enriched our hearts and minds, it is with immense gratitude and a profound sense of fulfillment that I, Dechen Lhaden, on behalf of the G-Fest organizing committee stand before you to extend our heartfelt gratitude. G-Fest has been an extraordinary journey for all of us – organizers, participants, and our audience. Each event that unfolded over these three days has been an incredible experience for our team. Also, it has been a knowledge-filled adventure for the participants and those in attendance as well. From thought-provoking discussions to captivating performances, G-Fest has truly been a melting pot of ideas and creativity, where learning and innovation blended seamlessly. First and foremost, we would like to thank our event advisors Mr. Chencho Wangchuk and Ma’am Manju Shree, who have helped us to bring our vision into a reality. We couldn't have embarked on this incredible journey without the unwavering support of our college management. Despite being a fully student-initiated event, they stood by us offering guidance, encouragement, and resources. We express our deepest gratitude for their trust in our vision and leadership. Secondly, the main bloodline of our festival was our sponsors, and they deserve a special mention. We are deeply honored and profoundly grateful to the Prime Minister's Office for its invaluable financial support for the festival. Moreover, it is with immense pleasure that we acknowledge the support from the following organizations, firms, or individuals:  Royal Institute for Governance and Strategic Studies (RIGSS)  The alumni of our college for not only financially supporting us but also guiding us throughout this event.  Bajra Builders  Bhutan Mines and Minerals Limited  Druk Polymers Limited  Sersang private limited  Bhutan Agro Industries Limited  IBEST consultancy  National Pension and Provident Fund (NPPF)  Druk Holding Investment (DHI)  Kuensel Corporation  The Universal Education Consultancy and Placement Firm  The local community of Gedu  SK Consultancy  Bhutan Chamber of Commerce and Industry (BCCI)  Tashi InfoComm Limited  Bhutan power corporation limited (BPC)  KUKU grand hotel, gold fish resort, Deki restaurant in Gelephu  New Age Technology Private Limited  Bhutan National Bank (BNB)  GIC Bhutan We would also like to thank all our judges for your sacrifices. We are also grateful to our Mid-Cloud Studio team for your technical support, which added extra charm to our event and increased the reach of our event to our global audience. Your financial and in-kind contributions have been instrumental in making this event possible. It represents a vote of confidence in our vision and purpose of our festival. Thank you so much to all the sponsors!
  • 14. 13 Now, we would also like to extend our sincere gratitude to the most important and crucial members of this event without whom this event would not have taken place. They are theparticipants who have traveled from their respective colleges to be part of this festival. We thank the management, students and escorts of: 1. College of Language and Culture Studies 2. Jigme Namgyel Engineering College 3. Institute of Science of Mind 4. Norbuling Rigter College 5. Sherubtse College 6. Gedu College of Business Studies 7. Shri Ram College of Commerce To all the participants, your presence and involvements have left an indelible mark in our hearts and memories and made this event a success. We thank you all! Behind the scenes, our event advisors and coordinators, as well as the dedicated volunteers, have worked really hard. Their tireless efforts, sleepless nights, and unwavering commitment have been the backbone of this G-fest. We thank you for your dedication. And in this closing ceremony, we would like to express our deep appreciation to our Chief Guest, the Director of RIGGS, for gracing us with your presence. We are also grateful to our audience for being with us throughout the festival.Lastly, we congratulate all the winning teams and all other colleges because you are taking something bigger than the prize, which are knowledge, exposure, experience, and friendship. Kadrenchey la!
  • 15. 14 Guest, Judges, and Participants detail of G-Fest 2023 The following are the participating colleges for the G- Fest 2023: 1. College of Language and Culture Studies 2. Gedu College of Business Studies
  • 16. 15 3. Institute of Science of Mind 4. Jigme Namgyal Engineering College
  • 17. 16 5. Norbuling Rigter College 6. Sherubtse College
  • 18. 17 7. Shri Ram College of Commerce It is an honor to have the mentioned dignitaries who have added value to the event with their profound knowledge and experience. We thank them for the contributions they have made in the success of the G-fest 2023. 1. Dasho Chewang Rinzin, Director of Royal Institute for Governance and Strategic Studies 2. Sushil Adhikari, Deputy Chief of Druk Green Power Corporation 3. Mr. Justin Sim, Chairman of GCBS and CST 4. Mrs. Tshering Pelden, Executive Director of S.K Education Consultancy 5. Mr. Kelzang Jigten, Regional Secretary of Bhutan Chamber of Commerce and Industry 6. Mr. Pema Yoezer, Officiating Director of Royal Monetary Authority 7. Mr. Sherab Dorji, the News Editor and Anchor of Bhutan Broadcasting Service 8. Mr. Jangchub Dorji, Chairman of Entrepreneurs of Chhukha 9. Mr. Thukten Sherab, Associate analyst of Druk Holding and Investment 10. Mr. Thinley Wangchuk, Creative Manager of Samuh 11. Mrs. Pem Choden Tshering, Lawyer 12. Mr. Prithiman Chhetri, Treasury officer of Bhutan National Bank 13. Sonam Yangchen, Analyst of Department of Revenue and Customs 14. Chimi Rinzin, Senior E- payment officer 15. Mr. Ugyen Tenzin, Finance Officer 16. Mr. Trishan Rimal, Credit Officer 17. Mrs. Shhrijana Rai, UNICEF, Save the Children 18. Mr. Kuenga Dorji (Supe) 19. Yangdey, Assistant Flim Director
  • 19. 18 The sponsors of G-Fest 2023 .
  • 20. 19 Financial Statements Statement of Comprehensive Income for G-Fest Particulars Note No. Amount (Nu) Income from donations 1 590,242.50 Revenue from talent show 55,100.00 Revenue from music night 10,040.00 Seed Money Refund 3,000.00 A. Total Revenue 658,382.50 Operating expenses: Refreshment 2 24,557.00 Decoration 3 64,882.50 Traveling expenses 4 18,540.00 Event expenses 5 151,279.00 Logistic expenses 6 7,035.00 Food expenses 7 290,526.00 B. Total Expenses 556,819.50 Net earnings/ profit (A-B) 101,563.00 5% 52% 12% 3% 27% 1% G Fest Expenses Refreshment Food Decoration Travelling expense Event expense Logistic expense
  • 21. 20 Note 1 Date Deposited by Journal Number Amount in Nu. 12/7/2023 Thukten Sherab 197896 3,333.00 12/7/2023 Tandin Wangchuk 201739 2,022.00 12/7/2023 Dawa Pelzang 204022 1,001.00 12/7/2023 Lopen Sungkob 217019 1,555.00 12/7/2023 Yewong Selden 217477 50.00 12/7/2023 Unknown 208737 10.00 12/7/2023 Sangay Tashi 264396 111.00 12/7/2023 Pema Tshering 270528 111.00 13/7/2023 Café Escape 875607 2,000.00 13/7/2023 Unknown 950666 250.00 13/7/2023 Yangchen Pelden 1225997 50.00 13/7/2023 Changa Lham 1234607 1,050.00 13/7/2023 Mon Kumar 1286819 100.00 13/7/2023 Kinga Wangchuk 1297100 151.00 13/7/2023 Penjor 1303057 150.00 13/7/2023 Sangay Rinchen 1340133 100.00 13/7/2023 Phub Dorji 1663310 100.00 13/7/2023 Sonam Zangpo 1741533 2,000.00 13/7/2023 Tenzin Choeda 1843561 100.00 14/7/2023 Unknown 800608316 108.00 14/7/2023 Zero 567324 15,875.00 14/7/2023 Rinzin Choden 913836 500.00 14/7/2023 DC Mart 1609511 5,000.00 14/7/2023 Tshering Yangden 1986014 1,005.00 15/7/2023 Sherab 668326 500.00 15/7/2023 Chimi Dorji 686816 555.00 15/7/2023 Trishan Rimal 741622 5,000.00 15/7/2023 Pema Gyeltshen 912281 1,001.00 16/7/2023 Karma Drukpa 1483695 501.50 16/7/2023 Nidup Dorji 1492012 1,001.00 - 50,000.00 100,000.00 150,000.00 200,000.00 250,000.00 300,000.00 Refreshment Food Decoration Travelling expense Event expense Logistic expense G Fest Expenses
  • 22. 21 17/7/2023 Bajra Builders 196417 10,000.00 18/7/2023 Unknown 56111.00 2,000.00 19/7/2023 BNB 514000099 20,000.00 19/7/2023 Unknown 1111366 5,000.00 20/7/2023 Unknown 558601 5,000.00 20/7/2023 Unknown 897253 5,000.00 22/7/2023 Puran Rai 107874 2,000.00 23/7/2023 Unknown 164362 3,000.00 24/7/2023 New Age technology pvt ltd 543685 10,000.00 GIC 25,000.00 RIGSS 30,000.00 31/7/2023 G-Fest Gelephu 1197392 15,000.00 8/8/2023 BPC 25,000.00 10/8/2023 Lottery 1515332 10,251.00 1 4/8/2023 Tashi InfoComm Limited 3.22614E+11 8,601.00 1/9/2023 BCCI 30,000.00 1/9/2023 SK consultancy 20,000.00 1/9/2023 Universal ECPF 5,000.00 1/9/2023 Kuensel 10,000.00 1/9/2023 DHI 25,000.00 6/9/2023 NPPF 569500008 10,000.00 6/9/2023 IBEST 627204 10,000.00 23/9/2023 Druk Polymer 552712 8,000.00 PMO 250,000.00 unknown 600.00 Unknown 100.00 Unknown 100.00 Unknown 300.00 Total Income 590,242.50 Note 2 Refreshment Amount Juice 350.00 Refreshment 1,100.00 Refreshment 735.00 Refreshment 600.00 Refreshment 600.00 Refreshment 350.00 Juice 150.00 Refreshment 810.00 Juice 8,400.00 Fruits for guest 282.00 Munch 300.00 Refreshment 8,845.00 Refreshment 380.00 Happy Dent 20.00 Refreshment 1,635.00 Total 24,557.00
  • 23. 22 Note 3 Decoration Amount Favicol 650.00 Stationery 4,795.00 LED light 2,750.00 Banners 5,323.50 Balloon and connector 650.00 Nails 50.00 Bage Printing 100.00 Signature pen 60.00 A4-sized papers 365.00 Lamination 85.00 Pencils 75.00 Files 120.00 Stationery 1,255.00 Stationery 2,862.00 Batch and cloths 3,850.00 Kadars 200.00 Stationery 540.00 GFEST stickers 600.00 Diaries 5,700.00 Bags, plates, and glasses 1,980.00 Photo frames 1,225.00 Banners and sun-board 10,167.00 White cloths 1,600.00 Pen, sticky notes and A3 paper 411.00 Charts, glitter papers 2,462.00 Balloons 70.00 Candles 180.00 Audi cable 140.00 Photo frames 6,120.00 Mix fruits for thokay 1,100.00 Planter EX 4,500.00 Stationery 677.00 Pilot pen and ID cases 980.00 Fruits 430.00 Frames 1,200.00 Decorations 1,500.00 Stationery 110.00 Total 64,882.50
  • 24. 23 Note 4 Travel expenses Amount Bus fare 1,500.00 Taxi fare 160.00 Taxi fare 150.00 Taxi fare 700.00 Bolero 220.00 Taxi fare 1,500.00 Travelling expense 3,310.00 Taxi fare 2,500.00 Taxi fare 3,500.00 Taxi fare 3,500.00 Taxi fare 200.00 Taxi fare 500.00 Taxi fare 300.00 Taxi fare 500.00 Total 18,540.00 Note 5 Event expense Amount Name tag ribbons 874.00 Tickets for music night 2,000.00 Seed money 3,000.00 G-Fest Trophy 4,000.00 Printing of tags 1,775.00 Printing for talent show 500.00 Guest Fees 5,100.00 Prizes (talent show) 7,000.00 Vouchers to Shri Ram 3,150.00 Prizes 40,000.00 Music night 56,180.00 Cake 1,500.00 Vouchers to driver 100.00 Postal charges 160.00 Issue of check book 50.00 Call bells 360.00 ID Cases 756.00 Music night sing 2,900.00 Tag threads 100.00 Certificates 600.00 Event expenses 5,000.00 G fest 2,989.00 Shopping 5,000.00 Certificates 5,575.00 Tongba 360.00 Report Printing 2,250.00 Total 151,279.00
  • 25. 24 Note 6 Logistic expenses Amount Phenol 130.00 Shopping 1,115.00 Tissue papers 1,080.00 Towels 350.00 Laundry 610.00 PR Expenses 3,750.00 Total 7,035.00 Note 7 Meals Amount Dinner 5,330.00 Lunch 4,420.00 Lunch 4,830.00 Food 20,285.00 Food 19,325.00 Food 18,340.00 Food 12,240.00 Food 9,675.00 Lunch and dinner 1,060.00 Dinner 720.00 Lunch 329.00 Food (mess) 189,042.00 Dinner 610.00 Dinner 4,320.00 Total 290,526.00