Finance

Dr. Pramod Sawant Chairs EDC Limited Board Meeting; โ‚น77 Crore Profit Before Tax Approved for FY 2024-25


Chief Minister Dr. Pramod Sawant chaired the 405th Board Meeting of EDC Limited, reinforcing the government’s commitment to transparency, accountability, and performance in public sector undertakings.

At the meeting, the Board approved the Consolidated Accounts for the Financial Year 2024-25. EDC Limited reported โ‚น137 crore in revenue and โ‚น60 crore in expenses, resulting in a Profit Before Tax of โ‚น77 crore. This strong financial performance underscores the effective governance and strategic financial management employed under the leadership of Dr. Sawant and the Board.

The profitability of EDC Limited is a testament to its significant role in promoting entrepreneurship, industrial development, and financial support in the state of Goa. These results not only reflect sound fiscal discipline but also the broader vision of sustainable and inclusive economic growth envisioned by the government.

Dr. Pramod Sawant continues to lead from the front, ensuring that institutions like EDC Limited contribute meaningfully to the state’s development goals and economic self-reliance.

Business

Dubai Launches 4-Day Summer Workweek for Public Sector Employees


July 1 โ€“ September 12, 2025 | “Our Flexible Summer” Initiative

Dubai is setting a new benchmark for workplace flexibility and employee well-being with the launch of its innovative four-day summer workweek. Running from July 1 through September 12, 2025, this groundbreaking program is a key component of Dubaiโ€™s โ€œOur Flexible Summerโ€ initiative, supporting the broader goals of the Year of Community 2025.

๐Ÿ› Expanding on Success: A City-Wide Government Shift

Following a highly successful pilot in 2024, the initiative now rolls out to 21 government departments across Dubai, marking a significant milestone in the emirateโ€™s commitment to modernizing the public sector and prioritizing quality of life.

๐Ÿ•˜ Two Flexible Work Models

To suit different departmental needs and employee preferences, two distinct shift models have been introduced:

  • Model 1:
    • Workdays: Monday to Thursday
    • Hours: 8 hours per day
    • Friday: Full day off
  • Model 2:
    • Workdays: Monday to Friday
    • Hours: Reduced hours Monday to Thursday
    • Friday: Half-day schedule

Both models are designed to encourage rest, family time, and overall wellness while maintaining high productivity and public service standards.

๐Ÿ’ก More Than Time Off โ€“ Itโ€™s a Lifestyle Shift

Under the banner of the โ€œYear of Communityโ€, the flexible workweek reflects Dubaiโ€™s forward-thinking leadership and people-first governance. The goal is to nurture a culture where employees thriveโ€”at work, at home, and in their communities.

Benefits of the initiative include:

  • Improved work-life balance
  • Increased employee morale and mental health
  • Better family engagement during the summer months
  • Enhanced productivity and job satisfaction

๐Ÿ’ฌ A Call to the Private Sector

Government officials are also encouraging private sector organizations to consider adopting similar flexible models. With global trends leaning toward shorter workweeks and remote work options, Dubai aims to lead the way regionally in progressive workplace reform.

โ€œOur goal is to empower our employees to perform at their best while giving them the flexibility to lead fulfilling lives outside of work. This initiative is just one step in making Dubai not only a great place to workโ€”but to live.โ€
โ€” Dubai Government Media Office