Latest news with #Rs49
Express Tribune
a day ago
- Business
- Express Tribune
Sindh govt sets minimum wage at Rs40,000
The Government of Sindh has officially issued a notification setting a minimum monthly wage of Rs40,000 for unskilled workers employed in industrial and commercial establishments across the province. This new wage structure will be effective from July 1, 2025. Shahid Abdul Salam Thaheem, the Provincial Labour Minister, made the announcement, revealing the revised wage scale for different categories of workers. According to the new rates, semi-skilled workers will receive a monthly salary of Rs41,380, skilled workers will earn Rs49,628, and highly skilled workers will be paid Rs51,745. These rates apply to both registered and unregistered establishments across Sindh, ensuring that both male and female workers receive equal pay for equal work. The Minister emphasized that any establishment paying workers on an hourly basis will now be required to ensure a minimum of Rs192 per hour. This new provision aims to safeguard the rights of hourly wage workers and ensure that they are fairly compensated for their labour. Minister Thaheem reiterated that the Sindh government is committed to pro-labour policies and is taking concrete steps to guarantee better working conditions and improved wages for the workforce. He highlighted that this wage revision aims to mitigate the impact of inflation on workers and provide them with a dignified livelihood. "The revision of the minimum wage is a significant step towards alleviating the economic burden on workers, helping them cope with the rising cost of living," the Minister stated. He further assured that the Labour Department is in constant communication with industrialists and will ensure the strict enforcement of labour laws to protect workers' rights.
Hans India
6 days ago
- Business
- Hans India
Farmers get Rs 49,330-cr fertiliser subsidy till July 21
New Delhi: The Centre has provided fertilisers subsidy of Rs49,330 crore till July 21 of this fiscal to ensure farmers get key nutrients at a reasonable a written reply to Lok Sabha on Friday, Minister of State of Chemicals and FertilisersAnupriya Patel informed that the total fertilizer subsidy provided by the government stood at Rs49,329.88 crore till July 21 of 2025-26 fiscal. Out of this, Rs30,940.82 crore subsidy was towards domestic urea, while Rs4,006.70 crore for imported urea. In 2022-23, the Centre's fertiliser subsidy stood at Rs2,54,798.88 crore. The subsidy declined to Rs1,95,420.51 crore in 2023-24 and Rs1,77,129.50 crore in 2024-25. 'Under 'DBT in Fertilizers' system, 100 per cent subsidy on various fertilizer grades is released to the fertilizer companies, on actual sales to the beneficiaries based on Aadhar authentication through POS devices installed at each retail shop,' Patel said. All farmers (including small, medium and large farmers) are being supplied fertilisers at subsidized rates, she added.
Business Recorder
19-06-2025
- Business
- Business Recorder
AJK govt unveils Rs310.2bn ‘tax-free' budget
MUZAFFARABAD: Azad Jammu and Kashmir government on Wednesday unveiled the annual budget with a record outlay of Rs310.2 billion, imposing no new tax. AJK Finance Minister Abdul Majid Khan presented the tax-free budget for the fiscal year 2025-26 in the Legislative Assembly with a development expenditure of Rs49 billion. He also announced a 10 percent increase in the salaries of government employees and seven percent increase in pensions. Delivering his budget speech in the AJK Assembly in Muzaffarabad, the finance minister said the total estimated budget size for the upcoming fiscal year is set at Rs310.2 billion, with an increase of Rs8.62 billion compared to the previous year. Majid Khan said the development and non-development budget were jointly fixed at Rs310.2 billion, with non-development expenditures estimated at Rs261 billion and development expenditures at Rs49 billion. He added that Rs2 billion have been allocated for the introduction of a health card in the upcoming fiscal year, while Rs240 million have been earmarked under the education package for school upgrades and the establishment of new institutions. To address the shortage of teachers in educational institutions, Rs60 million have been allocated, and biometric attendance systems have been implemented across all departments.
Express Tribune
13-06-2025
- Business
- Express Tribune
K-P proposes 10% salary hike, 7% pension increase for govt employees
Listen to article Amid protests from the opposition benches, the Khyber-Pakhtunkhwa (K-P) government on Friday presented a Rs2.119 trillion surplus budget for the fiscal year 2025–26 in the provincial assembly, describing it as a historic step towards economic recovery after inheriting what it called a financially crippled province. The provincial government claimed the budget not only reflects sound fiscal management but also addresses critical development, salary, pension, and debt servicing needs despite significant financial constraints and unpaid dues from the federal government. The session of the K-P Assembly, presided over by Speaker Babar Saleem, began with the budget presentation by Minister for Law Aftab Alam, who also holds the portfolio for finance. He stated that when Chief Minister Ali Amin Gandapur took charge, the province's financial condition was dire due to what he described as the "mismanagement of the unconstitutional caretaker setup." He added that the treasury barely held enough funds to cover 15 days' worth of salaries, major development projects had stalled, the health card scheme had been discontinued, wheat reserves were insufficient to meet provincial needs, and the province was saddled with mounting debts. عمران خان کے ویژن کیمطابق خیبر پختونخوا حکومت کا مالی خودمختاری کی جانب اہم قدم! حکومت خیبر پختونخوا نے مالی سال 2025 - 26 کا تاریخی بجٹ پیش کردیا ہے، بجٹ کی کل مالیت = 2119 ارب روپے مجموعی اخراجات = 1962 ارب روپے بجٹ سرپلس = 157 ارب روپے #KPBudget2025 #KPTaxFreeBudget — Government of KP (@GovernmentKP) June 13, 2025 The finance minister noted that despite these circumstances, the provincial government not only achieved but surpassed its surplus target, terming it the largest surplus in the province's history, adding that the government now holds enough reserves to pay salaries for three months. He further claimed that the budget outperforms the combined surpluses of several previous years. During the current fiscal year, the government invested Rs150 billion into a provincial development fund — an amount that equals around 20 per cent of the province's total debt portfolio. It also repaid Rs49 billion in outstanding loans, which included Rs18 billion in interest payments. The total expenditure for the next fiscal year has been estimated at Rs1.962 trillion, against expected revenues of Rs2.119 trillion, creating a projected surplus of Rs157 billion. عمران خان کے ویژن کے مطابق خیبرپختونخوا حکومت کا انقلابی بجٹ! ✅ صوبائی محصولات میں 38٪ اضافہ ✅ نان ٹیکس آمدن میں 72٪ اضافہ ✅ مجموعی صوبائی محاصل میں 31٪ اضافہ 🔹 بغیر نیا ٹیکس لگائے، نیٹ کی وسعت سے ترقی کی راہ ہموار#KPBudget2025 #KPTaxFreeBudget # — Government of KP (@GovernmentKP) June 13, 2025 The budget estimates Rs177 billion in foreign assistance through grants. The allocation for current expenditures, including salaries, pensions, and operational costs, stands at Rs1.415 trillion. Of this, Rs1.255 trillion has been earmarked for the settled districts, while Rs160 billion will go to the merged tribal districts. The Annual Development Programme (ADP) has been proposed at Rs547 billion, including Rs155 billion for settled districts under the expanded ADP Plus framework, which reflects a 30 per cent increase from earlier allocations. The government said this additional Rs35 billion was used to ensure timely completion of priority development schemes. In terms of fiscal relief, the provincial government proposed a 10 per cent increase in salaries and a seven per cent rise in pensions for government employees while also announcing a 15 to 20 per cent increase in disparity allowance for those not receiving executive allowances. The minimum wage in the province is to be raised from Rs36,000 to Rs40,000 per month. Tax relief measures include reducing stamp duty and property transfer tax from two per cent to one per cent, offering exemptions on taxes for properties up to 4.9 marlas, and lowering the hotel bed tax from 10 per cent to seven per cent. Professional tax has been abolished for individuals earning up to Rs36,000 per month. Additionally, the registration fee and token tax on electric vehicles have been waived. عمران خان کے ویژن کے مطابق خیبرپختونخوا حکومت کا انقلابی بجٹ! ✅ صوبائی محصولات میں 38٪ اضافہ ✅ نان ٹیکس آمدن میں 72٪ اضافہ ✅ مجموعی صوبائی محاصل میں 31٪ اضافہ 🔹 بغیر نیا ٹیکس لگائے، نیٹ کی وسعت سے ترقی کی راہ ہموار#KPBudget2025 #KPTaxFreeBudget # — Government of KP (@GovernmentKP) June 13, 2025 The government also proposed aligning the salaries of police personnel in K-P with those of the Punjab Police. The Shuhada (martyrs) package for police officials — from constables to inspectors — is proposed to be increased from Rs10 million to Rs11 million. In the education sector, Rs4.6 billion has been released for public universities and Rs4.9 billion in development funds has been allocated for higher education. In the merged districts, the government is reconstructing 46 colleges at a cost of Rs1.55 billion. A recruitment drive to fill 16,000 teaching positions has been launched, while 3.4 million textbooks were distributed and 518,000 scholarships were awarded during the current fiscal year. Budget documents reveal that the province faces a shortfall of Rs267 billion under the National Finance Commission (NFC) award. The federal government also owes Rs71 billion in net hydel profits and Rs58 billion in oil and gas royalties. Foreign assistance grants are expected to contribute Rs177 billion in the coming fiscal year. The provincial revenue target has been set at Rs129 billion. Also Read: Sindh CM presents Rs3.45tr budget for 2025-26 Earlier, the budget session was marked by disruption from opposition parties. As CM Gandapur entered the assembly hall, government members welcomed him with desk-thumping, while opposition lawmakers chanted slogans such as "Ali Baba Chalees Chor". Some members carried placards bearing slogans accusing the government of corruption. PML-N MPA Sobia Shahid brought a bugle into the house and blew it during the session. In response, treasury members stood and shouted counter-slogans. Speaker Babar Saleem requested Opposition Leader Dr Ibadullah to intervene, after which the opposition benches resumed order. During the session, the K-P Assembly also passed a resolution expressing solidarity with Iran in light of recent Israeli aggression. In his concluding remarks, the finance minister said K-P had suffered from decades of militancy, and strengthening the police force remained a priority, noted a significant increase in the police budget, aimed at equipping the force with modern arms, protective gear, and surveillance equipment. He also acknowledged that the restoration of the Sehat Card scheme remained under consideration and was contingent on fiscal space.
India Gazette
07-06-2025
- Sport
- India Gazette
Yuva Kabaddi Series stars shine bright in PKL Season 12 auction
New Delhi [India], June 7 (ANI): The Yuva Kabaddi Series (YKS) has become the premier breeding ground for India's next kabaddi superstars. The recently concluded Pro Kabaddi League (PKL) Season 12 auction was a witness to this fact. Around 43.5% of all Indian players sold--44 out of 101--were YKS alumni, showcasing how the platform has transformed into the most trusted scouting and talent development pipeline for the Pro Kabaddi League, according to a release from YKS. From playing in Yuva Kabaddi Series (YKS) names to auction headliners, YKS players dominated the kabaddi narrative and proved that the journey from grassroots to greatness is not only possible but thriving. This year marked a watershed moment in the journey of YKS with three of its players entering the elite 'crorepati' club--a first in PKL history. Leading the way was Ashu Malik, retained by Dabang Delhi for a record INR 1.90 crore, building upon his already stellar trajectory. Yogesh Dahiya was snapped up by Bengaluru Bulls for INR 1.125 crore, while Nitin Dhankar fetched INR 1.0025 crore from Jaipur Pink Panthers--monumental figures that reflect their growing stature and performance consistency. Over the seasons, YKS has steadily strengthened its footprint at the PKL auctions. From 7 players in Season 9 to 19 in Season 10, 30 in Season 11, and now 45 in Season 12, the curve has only gone upwards. The auction witnessed fierce bidding wars over YKS talent, with teams looking to build long-term squads around battle-tested, dynamic performers. Notable top buys included Anil Mohan (78L, U Mumba), Sanjay Dhull (60L, Bengaluru Bulls), and Akash Shinde (53.10L, Bengaluru Bulls), all of whom are products of the YKS system. Beyond just individual success, Yuva Kabaddi Series (YKS) is revolutionising the geography of Indian kabaddi. The narrative is no longer limited to traditional strongholds like Haryana and Maharashtra. Chhattisgarh's Uday Parte became a breakout story with a Rs50.10 lakh bid from Jaipur Pink Panthers, signalling the emergence of a new kabaddi belt in central India. Similarly, Punjab's Dheeraj, with a Rs40.20 lakh bid from Bengaluru Bulls, underscored the resurgence of kabaddi in the northwestern state. Sandeep Kumar from Bihar, bought by U Mumba for Rs49 lakh, marked a rare kabaddi success story from a region previously underrepresented in PKL. Yuva Kabaddi Series' ecosystem--rigorous competition and consistent match exposure--has effectively created a parallel pathway to the PKL. Players arrive at the national stage not as rookies but as seasoned competitors. They are auction-ready in skill, temperament, and physicality, and this year's numbers prove that franchises are taking note. As kabaddi continues to evolve into a pan-India phenomenon, the Yuva Kabaddi Series stands tall as its engine room, driving the sport forward one star at a time. (ANI)
