8 MAY2023INFOCUSINFOCUSGlobal investment banking, securities and investment management firm, Goldman Sachs will pay $215 million in a new agreement to settle a class-action lawsuit on underpaying women, as reported by Bloomberg.The media outlet reported that an individual familiar with the lawsuit stated that the company has agreed to pay the $215 million in an agreement with lawyers representing 2,500 women who have stated that the company discriminated against them in pay and in issuing promotions.The trial was slated to occur next month. It would have given a forum to vocalize testimonies about unequal pay in the finance and banking industry, reported Bloomberg. The media outlet's source also stated that about one third of the settlement will go to the attorney's fees.According to Bloomberg, in 2005, Cristina Chen-Oster first filed a complaint pertaining to gender discrimination in Goldman Sachs with the U.S. Equal Employment Opportunity Commission. It took the commission years to issue a decision on the complaint. The commission dismissing the complaint in 2010 but granted Chen-Oster the right to take Goldman Sachs to court.It was in 2018 when a federal court ruled that Chen-Oster and two other women could represent more than 1,400 current and former employees of the firm. GOLDMAN SACHS TO PAY $215 MILLION TO SETTLE GENDER PAY DISCRIMINATION LAWSUITINDIA'S REPUBLIC DAY PARADE 2024 TO INCLUDE ALL WOMEN PARTICIPANTS, DEFENCE MINISTRYAll the activities along the Kartavya Path for the 2024 Republic Day Parade will include all women with the exception of men, as a part of the Indian government's considerable efforts to empower women. Since this is the first time that such an initiative has been taken in India.The parade will include only female participants in the March Past, tableaux, and performances, according to a notice from the Ministry of Defence. They reported that this decision has been taken after several considerations. It has been taken in order to promote gender equality in the country and promote women's active participation everywhere.The defence ministry has informed about this decision to other departments, including Home Affairs, Culture, and Urban Development. The government has started a number of initiatives this year to boost the number of female participation in the military. The female officers have opportunities for leadership roles and are also positioned in combat duties which were previously only restricted to men.
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