Economic Affairs – August 2018


Economic Affairs – August 2018

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In this we have given, August Month Economic Affairs and their details. This is very important for all Competitive exams like UPSC, SSC, RRB, and all PSC Examinations.

Economic Affairs – August 2018 PDF Download

Economic Affairs:

First Indian company to cross Rs 8 lakh crore market cap

  • Reliance Industries becomes first Indian company to cross Rs 8 lakh crore market cap

SpiceJet operates country’s first biojet fuel flight

  • A blend of oil from jatropha seeds (25% of bio jet fuel) and 75% aviation turbine fuel (ATF) propelled the country’s first ever bio-jet fuel powered flight between Dehradun and Delhi operated by SpiceJet’s Bombardier Q-400 aircraft.

eMudhra plans U.S. digital certifying foray in 2019

  • eMudhra, a licensed Indian certifying authority that issues digital signature certificates, expects revenue to grow 30% from last year’s Rs.78 crore and plans to enter the U.S. market next year.

India remains top destination for FDI

  • India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong, according to the RBI Annual Report. India received $37.3 billion capital inflow in 2017-18 as compared with $36.3 billion in the previous fiscal.

RInfra completes sale of Rs.18,800 crore Mumbai power business to Adani

  • Reliance Infrastructure Ltd. (RInfra) has completed the sale of its 100% shareholding in integrated Mumbai power distribution business to Adani Transmission Limited (ATL) for a total transaction value of Rs.18,800 crore.

Olympia to set up two mega IT parks in Chennai at Rs.720 crore

  • City-based Olympia Group has set aside a capex of Rs.720 crore for the current year to set up two mega IT parks in Chennai

Telecom panel okays National Trust Centre

  • The Telecom Commission said a National Trust Centre would be created for certifying devices and applications for machine-to-machine communication, a new-age technology that is at the heart of concepts like smart homes.

Indian economy records 8.2% growth in first quarter of 2018-19

  • The growth cemented India’s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the same quarter.

Census 2021 to collect data on OBCs

  • Census 2021 will for the first time collect data on Other Backward Classes (OBC).

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