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Hey, exam candidates, here’s a weekly recap of all the key events of the week. Make a note!
Rakesh Jhunjhunwala passed away: Veteran stock investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, died in Mumbai of a cardiac arrest. Jhunjhunwala was 62 years old. He was one of the co-founders of Akasa Air, a newly built airline.
Prime Minister Narendra Modi tweeted a photo with the veteran investor: “Rakesh Jhunjhunwala was indomitable. Lively, witty and insightful, he leaves an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing is sad.”
Government cuts trade margins on heart and diabetes medication: Narendra Modi’s government has completed a list of drugs to reduce trade margins. Trade margin is the difference between the price to trade for manufacturers and the price to patients as the maximum selling price (MRP). Of the 106 formulations, about 60 are drugs for heart and hypertension and the rest are mostly antidiabetics. A few medications are for neuropathic pain, epilepsy, and vitamin B12 supplements. Based on rough estimates, this is likely to affect more than 5,000 brands of drugs.
On 75th Independence Day, India awards ‘Special’ Medals: The government awards special medals to its bravest citizens. Such medals are awarded to the armed forces and the central armed forces every 25 years. These were last awarded on 15 August 1997, on the occasion of the 50th anniversary of independence from British rule. The new medal will feature the Ashoka Lion on the front and the Ashoka Chakra on the back.
Salman Rushdie attacked: Mumbai-born controversial author Salman Rushdie was “stabbed and damaged” after an attack on him on Friday. Rushdie, who faced Islamist death threats for years after writing “The Satanic Verses,” was stabbed by a 24-year-old New Jersey resident at an event in western New York state. The British author of ‘The Satanic Verses’, which caused a furore among some Muslims, had to be taken by plane to hospital for emergency surgery after the attack. His agent said in a statement from DailyExpertNews that “the news is not good”. “Salman will probably lose one eye; the nerves in his arm had been severed; and his liver was stabbed and damaged,” said Officer Andrew Wylie, adding that Rushdie could not speak.
Nitish Kumar severs ties with BJP and becomes CM of Bihar: After splitting with ally BJP for the second time in eight years, Nitish Kumar resigned as Chief Minister of Bihar on Tuesday and is being returned to power with the help of Congress, Rashtriya Janata Dal (RJD) and leftist parties that have already expressed public support. for the Janata Dal (U). Nitish Kumar was sworn in as prime minister of Bihar on Wednesday.
St. Xavier’s assistant professor reportedly asked to stop due to images of swimsuits: Former assistant professor at St Xavier’s University in Kolkata was reportedly asked to quit after a parent complained that he saw his son looking at photos of her in a bikini on Instagram. However, St. Xavier’s has refuted the allegations, claiming that the assistant professor resigned voluntarily. The university also struck a defamation notice of Rs 99 crore. While the former university lecturer claims she was ashamed and the university has not tried to find out how her personal images were leaked. Furthermore, there has been a debate on the internet and social media users calling out the culture of shame in India.
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