Tag: employees
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Employees getting Rs 15 billion of free electricity: Secretary Power Division
The Senate’s Standing Committee on Energy has been briefed by the Secretary of Power Division that 190,000 employees are being given free electricity worth 15 billion rupees annually. He said, “Our electricity demand for industry is about 25 percent, decreasing over time.” The Secretary explained that 25 million employees of 400 units received a 592…
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Indian company to impose more than PKR 2.7 lakh fine on employees for disturbing colleagues on off days
Indian fantasy sports platform Dream 11 has adopted an interesting policy called the “Dream 11 Unplug” that will fine employees who disturb colleagues on holidays.As per Indian media reports, the company will fine it’s employees PKR 272649.94 for violation of policy. In a LinkedIn post, the company wrote: “At Dream11, we actually log off the…
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Amazon plans to lay off 10,000 employees due to declining sales
Amazon is reportedly getting ready to lay off thousands of office workers due to decreasing sales and worries about an impending recession. The e-commerce giant’s office personnel could lose about 10,000 of their employees, according to US media sources who requested anonymity. Cuts are anticipated to have an impact on departments like e-commerce and personal…
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Pakistan Railways paying Rs35 billion pension to unverified employees annually
About 115,000 Pakistan Railways (PR) retired employees who have not been verified have been receiving annual pensions totaling Rs35 billion, according to research by the government-funded Pakistan Institute of Development Economics (PIDE), a think tank housed within the Planning Commission. It revealed in a statement yesterday that between 2015 and 2020, Pakistan Railways lost Rs144…
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Man disappears after company pays 286 times his salary accidentally
A company in Chile accidentally paid one of its employees 286 times his salary in May, after which the employee resigned from the company and disappeared. The man worked at Consorcio Industrial de Alimentos (Cial), one of the largest producers of cold cuts in Chile. The company paid nearly Rs37 million to the man although his salary was…
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Here are the latest income tax rates and slabs for salaried class
In the budget for fiscal year 2022-23, the government has exempted those earning up to Rs100,000 per month from paying income tax, up from Rs50,000 last year. For the salaried income group, the latest budget is a mishmash as the government reduced tax rates and the number of slabs while eliminating available credit through the omission…
