Tag: employees

  • Employees getting Rs 15 billion of free electricity: Secretary Power Division

    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 billion subsidy, which has now increased by Rs 692 billion. “244 billion was taken from industry and given to domestic consumers,” he told the Committee.

    Senator Mohsin Aziz remarked, “IPP has become a dragon, and people are on the streets.”

    The federal minister for power and energy said, “Even if we get five rupees from IPP payments, we will help poor people.”

    The minister opined that electricity theft can be reduced with privatisation and digitisation.

  • Indian company to impose more than PKR 2.7 lakh fine on employees for disturbing colleagues on off days

    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 ‘Dreamster’ who is unplugged, off from every possible Stadium communication platform, be it Slack, emails and even WhatsApp groups. We do this to ensure absolutely no one from the Dreamster’s work ecosystem can contact them while they are on their well-deserved break.”

    The post said that allowing employees to cut off from all company systems and groups is one of the best perks. “We are not bothered with work calls, emails, messages, or even WhatsApp for seven days. This helps us spend some quality time doing what we love. And for me, it’s time to head to the mountains. I, for one, do not feel guilty about not having a sufficient network. It’s the most distinctive form of unplugging. This disconnected time also helps one rejuvenate, relax and come back feeling fresh, happy, and renewed energy to give one’s best performance,” a Dream 11 employee said.

  • Amazon plans to lay off 10,000 employees due to declining sales

    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 devices.

    The business warned it had overhired during the pandemic and had previously implemented a hiring freeze and stopped some of its warehouse expansions. Additionally, it has taken steps to close off some areas of its operations by shelving plans for things like a personal delivery robot.

    The business announced last week that cutting costs would be a priority in its annual review of business operations. “As part of this year’s review, we’re of course taking into account the current macro-environment and considering opportunities to optimize costs,” the e-commerce company said in a statement.

    According to media sources, the precise number of positions that will be eliminated is still uncertain.

    Amazon is battling a dip in online sales after the epidemic saw a surge in its revenue. Despite a 15 per cent increase in overall revenue in the most recent quarter, the company has remained concerned about the forecast as the slowdown spreads to other industries, including its long-profit-boosting cloud computing division, Amazon Web Services.

    On social media, the company’s founder Jeff Bezos, who is no longer serving as CEO but is still chairman of the board, declared that it was time to “batten down the hatches.”

    Amazon joins a long list of other tech firms that have announced layoffs in an effort to signal an impending economic collapse. Included in the list is Meta, the parent company of Facebook, Instagram, and WhatsApp, which recently announced plans to eliminate 11,000 jobs, the largest reduction in staff in company history.

    According to a survey by Challenger, Gray & Christmas, which analyses such announcements, US-based tech companies have cut more than 28,000 jobs overall this year, more than double the number from a year ago.

  • Pakistan Railways paying Rs35 billion pension to unverified employees annually

    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 billion. A deficit of Rs44 billion in 2020, which includes Rs36 billion for the pensions of 120,000 PR employees, is included in the losses, according to Dawn.

    According to the PIDE report, the PR also received a subsidy from the government in 2020 worth Rs45 billion to make up for these losses.

    Due to the intense competition from the road transportation industry and PR’s inability to implement a customer-centric business strategy due to a complicated bureaucratic structure, the public agency has been inefficient, underfunded, and overstaffed for the past 35 years, making losses.

    The study also noted that 115,000 unverified PR retirees receive an annual pension of Rs35 billion. To solve the problem, a biometric verification system to confirm the pensioners in question has been proposed.

    A Pay and Pension Commission (PPC) has also been established in this respect, and it will take into account issues pertaining to the railways and other public organizations.

  • Man disappears after company pays 286 times his salary accidentally

    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 Rs111,760.

    Soon after the incident, the company realised its mistake. The management reached out to the employee who at the time agreed to get the money refunded.

    However, when the company did not get the amount back, they tried to contact the employee again but their messages were not answered.

    Later, the man got in touch with the management and promised that he would visit the bank.

    However, on June 2, he handed over his resignation and disappeared without any trace.

    Subsequently, the company was forced to take legal action against the man to recover their money.

  • Here are the latest income tax rates and slabs for salaried class

    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 of deductible allowance for profit on debt and tax credit for investment in shares, health insurance, and pension funds.

    Moreover, the government has released a revamped list of income tax brackets for salaried employees. There were previously 12 slabs, which have now been shrunk to seven.

    Here are the new slabs:

    1. For annual incomes less than Rs600,000 (below Rs50,000 per month)
    2. For a yearly income of Rs600,000-Rs1.2 million (Rs50,000 to Rs100,00 per month).
    3. For annual earnings of Rs1.2m-2.4m (Rs100,000 to Rs200,000 per month)
    4. For annual earnings of Rs2.4m-3.6m (Rs200,000 to Rs300,000 per month)
    5. For earnings of Rs3.6m-6m (Rs300,000 to Rs500,000 per month)
    6. For annual earnings of Rs6m-12m (Rs500,000 to Rs10,00,000 per month)

    For annual earnings of more than $12 million (more than $100,000 per month), income tax is not to be levied on people earning between 0 and Rs600,000 per year (where income from salary exceeds 75 per cent of taxable income). A nominal amount of Rs100 will be subtracted per year from those earning between Rs600,000 and Rs1.2 million.

    Employees getting paid more than Rs1.2 million but less than Rs2.4 million per year will be levied 7 per cent of the amount that exceeds Rs1,200,000 in the third slab.

    An employee getting paid Rs1,400,000 per year will be levied 7 per cent of Rs200,000 (Rs1,400,000 minus Rs1,200,000 since that is the amount exceeding Rs1,200,000).

    As per the latest budget resolution, the government recommended an income tax rate of 20 per cent on small business earnings, 42 per cent on banking, and 29 per cent on related companies.

  • Govt employees forbidden to use social media platforms

    Govt employees forbidden to use social media platforms

    In an apparent bid to prevent the leak of official information and documents, the government has barred all government employees from using social media platforms, reports Kalbe Ali for Dawn.

    A notification issued by the Establishment Division on August 25 says no government servant can participate in any media platform without the permission of the government.

    The notification gave detailed instructions to government employees under Government Servants (Conduct) Rules, 1964, governing the participation of government servants in different media forums including social media platforms for compliance.

    Screenshot of the notification available to The Current

    “Rule 18 of the Rules bars a government servant from sharing official information or document with a government servant or a private person or press,” the notification added.

    “Referring to Rule 22 of the Servant Rules, the Establishment Division says that it restrains a government servant from making any statement of fact or opinion which is capable of embarrassing the government in any document published or in any communication made to the press or in any public utterance or television programme or radio broadcast delivered by him or her,” read the notification.

    The notification warned all government servants that violation of one or more of these instructions would be tantamount to misconduct and lead to disciplinary action against the delinquent government servant under Civil Servants (Efficiency and Discipline) Rules, 2020. Besides, it said, disciplinary proceedings would also be held against the serving government servants in case they were administrators of a social media group where any violation had been committed.

    “They (government employees), while using different social media platforms including Facebook, Twitter, WhatsApp, Instagram, Microblogging, etc, to air their views on a host of subjects and sometimes indulge in actions or behaviour that does not conform to the required standards of official conduct, as envisaged in the Rules,” the notification added.