punjab

Pakistan declares state of emergency in southwest as lightning, rains kill 49

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Lightning and heavy rains have killed at least 49 people across Pakistan in the past three days, officials said Monday, as authorities in the country’s southwest declared a state of emergency. Some deaths occurred when lightning struck farmers harvesting wheat. Rains caused dozens of houses to collapse in the northwest and in eastern Punjab province. … Read more

Old Pension Scheme to restrict states’ capacity to undertake development activities: RBI

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Mumbai: Sounding a note of caution, a Reserve Bank report has said that reverting to the DA-linked Old Pension Scheme (OPS) will exert huge pressure on state finances and restrict their capacity to undertake developmental expenditure. The Reserve Bank’s report on ‘State Finances: A Study of Budgets of 2023-24’ also said the provision of non-merit … Read more