Goldman Sachs names David Solomon as CEO

Goldman Sachs Group Inc named David Solomon as its next chief executive officer. Solomon to succeed CEO Lloyd Blankfein, who was the CEO since June 2006 and will be retiring on 1st October. The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City. Solomon previously worked for Irving Trust and Drexel Burnham.

IIT D sign MoU with AIIA to validate Ayurveda

An agreement was signed between IIT Delhi & the All India Institute of Ayurveda (AIIA) under which projects would be launched that would aim to give “scientific validation” to the Ayurveda and integrate it with technology. The projects would be funded by the Ayush Ministry. The agreement was signed at a conference of the heads of Ayush Institutes on ways to induce modernity in Ayurveda.

Govt sets up committee to strengthen NCC, NSS

The govt has decided to form a committee under former education secretary Anil Swarup, seeking suggestions to strengthen National Cadet Corp & National Service Scheme. The Committee will deal with issues like expansion, strengthening training infrastructure & reducing manpower deficiency. The Committee will also submit recommendations for building “synergy” between these 2 institutions.

Chopra wins Gold at Sotteville Athletics Meet

Neeraj Chopra, India’s javelin star, struck Gold in the Meeting International de Sotteville-les-Rouen in France. Chopra’s throw of 85.17m was enough to clinch the top spot on the podium. The winning distance from Chopra was, however, less than the 86.47m he achieved for gold at Gold Coast CWG. Neeraj is a part of India’s squad for the Asian Games 2018.

J & K abolishes interviews for

Class-IV jobs
The Jammu and Kashmir government today abolished interviews for all Class-IV posts in the state and the selection. All recruitment for Class-IV posts under State, Divisional and District Cadres also for companies, organizations & bodies substantially owned by Jammu and Kashmir Services Selection Board (JKSSB). The decision will speed-up the selection process against these posts.

Steel Ministry announces pension scheme

The steel ministry has agreed to introduce a pension scheme for its CPSEs (Central Public Sector Enterprises) like SAIL and RINL. The pension scheme is estimated to cost an additional financial burden of Rs 540 crore. The pension scheme will be subject to factors like affordability, capacity to pay and sustainability by the CPSEs. The current Steel Minister is Chaudhary Birender Singh

WR renames Elphinstone station as Prabhadevi

Western Railway renamed Elphinstone Road Station to Prabhadevi on Mumbai’s suburban section. The station, named after Lord Elphinstone, the Governor of Bombay from 1853 to 1860, is renamed after the local deity ‘Prabhadevi’. Elphinstone is the station where 23 people were killed and over 39 injured in a stampede at the railway station’s foot over bridge on September 29, 2017.

SC demands new law to stop lynching

India’s highest court has asked the government to enact a new law to deal with an increase in mob violence and lynchings. Supreme Court recommended Parliament to create a new penal provision to punish the offenders and stem the mob-related violence. The direction was given by three-judge bench, headed by Chief Justice Dipak Misra and ordered parliament to decide within six months.

67th National Garment Fair 2018 in Mumbai

The Clothing Manufacturers Association of India (CMAI) organized “India’s Largest Apparel Trade Show – The 67th National Garment Fair” from 16th July to 19th July 2018 at Bombay Exhibition Centre, Mumbai. A Memorandum of Understanding between Govt of Gujarat & CMAI was signed to promote Gujarat as a destination for investments. The Fair was inaugurated by Kishore Biyani, CEO of Future Group.

Bihar raises compensation for rape victims

The Bihar government increased the compensation amount for acid-attack and rape survivors from Rs 3 lakh to 7 lakh. Human traffic victims would receive a compensation of Rs 2 lakh each instead of the Rs 1 lakh paid currently. The acid attack victims would be given a monthly compensation of Rs 10000 instead of lump sum. Survivors who are under the age of 14 would get 50% more compensation.