1.
Kerala
government staff to get Onam bonuses, allowances
Last
year, despite economic difficulties, the government had provided bonuses of Rs
4000, a festive allowance of Rs 2,750, and an advance of Rs 20,000 for Onam.
The Kerala government plans to give notable benefits to state government
employees in the form of bonuses and allowances, on the occasion of the
state festival, Onam. On 14 August, 2023, the Kerala government made ultimately
decided to give out bonuses, in spite of its poor financial state, which even
drove it to secure a loan of Rs 2000 crore to cover expenses in August.
Last year too, the state government had disbursed a bonus of Rs 4000, a
festive allowance of Rs 2750, as well as an advance of Rs 20,000 for Onam.
In the year 2022, the bonus was given to workers whose cumulative salary,
inclusive of dearness allowance (DA), was equal to or less than Rs
35,040. The finance department has proposed a modest elevation of this
threshold to Rs 35,640 for the current year. It is important to
highlight, however, that the overall count of individuals eligible for the
bonus will remain consistent with the figures from the preceding year, ensuring
a fair and equitable approach to rewarding the workforce.
2.
Marico
grants 1,10,700 employee equity shares through ESOP
The
face value of each share will be one rupee. Marico has distributed
1,10,700 equity shares to employees via employee stock option plans (ESOP).
It has allocated these shares at a face value of one rupee each to its eligible
employees. This allocation is part of the company’s ESOP 2016 schemes
and has been executed in conformance to the exercise of stock options. The
official announcement came through a filing with the stock exchange on 14
August, 2023. Each of the recently allotted equity shares holds a face
value of Rs 1. The move has brought about an increase in the company’s ESOP
2016 schemes and has been executed in conformance to the exercise of stock
options. The official announcement came through a filing with the stock
exchange on 14 August, 2023. Each of the recently allotted equity shares
holds a face value of Rs 1. The move has brought about an increase in
the company’s paid-up share capital. Prior to the allocation of these equity
shares, the company’s share capital consisted of 1,29,32,17,818 equity
shares, each valued at Rs 1, that is, Rs 1,29,32,17,818 in total. With this
recent allotment, this figure have risen to 1,29,33,28,518 equity shares, again
valued at Rs 1 each, totalling to Rs 1,29,33,28,518.
3.
International
students can work in the UK only after completing graduation
Only
those who are pursuing postgraduate courses can take up part-time jobs. Students
who are starting their courses in the UK from January 2023, will have to keep
in mind the new visa rules that will impact their plans to work, if any.
They will not be able to take up any work in the UK or take their dependants
to the UK unless the complete their graduation course or are undergoing a
postgraduate course or a research programme. This rule will affect
innumerable Indian students who pursue part-time jobs in the UK, to be able
to afford their fees and accommodation. That means, as per the new visa
rules, international students pursuing graduation in UK colleges/universities,
will not be allowed to take up jobs before completion of their studies. It is
pertinent to mention here that over 1.3 lakh students went from India to study
in the UK last year.
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