Economic and Banking Affairs – July 2018


Economic and Banking Affairs – July 2018

July 2018 – Current Affairs Monthly Capsule PDF Download

In this we have given, July Month Economic and Banking Affairs and other important events held on that day. This is very important for all Competitive exams like UPSC, SSC, RRB, and all PSC Examinations.

July Economic and Banking Affairs PDF Download

Economic and Banking Affairs – July 2018:

Tariffs cut on Asian imports under APTA

  • The Centre has implemented the tariff concessions agreed to under the Asia Pacific Trade Agreement by cutting duties on the import of 3,142 items from the signatories to the accord, including China.

2021 census data to be stored electronically

  • The data collected during the 2021 Census will be stored electronically, the first time since the decennial exercise was conducted in 1951 in Independent India.

Nasscom unveils centre for data, AI

  • The National Association of Software and Services Companies (Nasscom), India’s premier software lobby, opened a Center of Excellence (CoE) for Data Science and Artificial Intelligence in Bengaluru.

USG Boral to set up unit in A.P.’s Sri City

  • USG Boral, a leader in building products technology, is setting up a plasterboard manufacturing unit at Sri City in Andhra Pradesh by investing $39 million.

China lodges tariff case at WTO against the U.S.

  • China has lodged a case against the United States over slapping import duties to the World Trade Organization (WTO).

World’s largest mobile manufacturing plant in Noida

  • Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in inaugurated Samsung’s mobile manufacturing plant, touted as the biggest in the world, in Noida.

Rs.809 crore French loan for 15 Smart Cities projects

  • Agence française de development (AFD), the French development bank, signed a €100 million loan agreement for Smart Cities Mission, the Centre has announced a new challenge process to select 15 projects for the funding.

Google to mentor local AI start-ups

  • Google’s ‘Launch pad Accelerator India,’ a mentorship program that would aim to support Indian start-ups that deploy artificial intelligence and machine learning to build solutions for local needs.

L&T to build ‘tallest’ govt. office building

  • Engineering and construction major Larsen & Toubro (L&T) has bagged an engineering, procurement and construction project to build Head of Department (HoD) office buildings at Amaravati, Andhra Pradesh.

PhonePe buys Zopper Retail

  • Flipkart-owned digital payments start-up PhonePe has acquired Zopper Retail, a hyper local point-of-sale platform for small and medium businesses.

Govt. doubles duty on over 50 textile items

  • The government has doubled import duty on more than 50 textile products such as jackets, suits and carpets to 20%, a move that is aimed at promoting domestic manufacturing.

Google hit with record € 4.34 bn EU fine over ‘illegal’ Android strategy

  • The EU had slapped a record € 4.34-billion ($5.04 billion) antitrust fine on Google for illegally using its Android operating system to strengthen the dominance of its search engine.

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