1.
Revised
NPS for Maharashtra govt staff
Pension
will now be 50% of last-drawn salary and dearness allowance. In response
to the state government employees’ demand for the old pension scheme or OPS to
be reinstated, the Maharashtra government has announced a revised National
Pension Scheme (NPS). As per the revised scheme, the employees who
joined post 1 November 2005 can opt to receive 50 per cent of their last-drawn
salary and dearness allowance (DA) as pension. Additionally, they can
get a family pension of 60 per cent of their pension and DA. This is optional
for those already covered under the NPS. Employees have to decide
whether they wish to continue with the old NPs or the revised one and convey
their decision within the next six months. This is a one-time option. The
NPS was implemented in Maharashtra in April 2015.
2.
Contract staff of YouTube
Music fired without notice
These
workers had been seeking better pay for a year now. Forty-three contract
works who were part of the YouTube Music team have been rendered jobless. For
the last one year, these workers had been rallying for enhanced pay. The
contract workers had been taken on by Google and Cognizant, its subcontractor.
The news of their layoff was quite unexpected and took the workers by surprise,
as is clear from a video that has gone viral on social media. It shows an
employee’s surprised and shocked reaction to the news.
3.
Saudi
Arabia expands saudisation programme in aviation
This initiative, effective March 4, 2024, aims to increase
citizen participation in the aviation sector by mandating specific hiring
quotas for Saudi nationals in select aviation roles. The Saudi Arabian
Ministry of Human Resources and Social Development, in collaboration with the
Ministry of Transport and Logistic Services, has announced the second phase of
its ‘saudisation’ initiative, aiming to increase local citizen participation in
the aviation sector. This phase, commencing on March 4, 2024, specifically
targets licensed aviation professions within private companies employing at
least five individuals in these roles.
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