The government is set to hand over control of the HAL,Bengaluru to the IAF, to prevent more time and cost overruns on the indigenous LCA project.This will affect LCA project’s new phase, MK2 variant development,& Advanced Medium Combat Aircraft (AMCA).
HAL Founder- Walchand Hirachand,Founded: 1940
Kento Momota of Japan defeated Shi Yuqi of China 21-11, 21-13 in the men's final at the badminton world championships
In women's singles, Carolina Marin of Spain defeated India's Pusarla Sindhu 21-19, 21-10 for her third world title.
The 2018 BWF World Championships held at Nanjing,China.
Suzuki Motors will supply about 25,000 Maruti Suzuki Baleno premium hatchbacks each year to Toyota Motors as the car gets set to become the first cross-badged product of the auto makers.Some minor changes in its exteriors and interiors will take place.
Suzuki & Toyota motors Headquarters- Japan
The Reserve Bank of India’s industrial outlook shows that the Business Expectations Index, or BEI, for the quarter ahead fell from 115.8 for the March 2018 quarter to 114.1 for the June 2018 quarter.
The BEI calculates share of GVA of different industry groups.
The UP government has sanctioned proposals worth Rs 150 crore to improve infrastructure of noted pilgrim centres of the state.UP Brij Tirth Vikas Parishad declared Vrindavan, Govardhan, Radhakund, Barsana, Nandgaon, Gokul and Baldeo as pilgrim centres.
UP CM-Yogi Adityanath, Governor- Ram Naik
Prominent film personality M. Bhaktavatsala, an octogenarian, passed away owing to age-related ailments.He entered the film industry in the 1960s quitting a job in HMT & was a writer, film producer, film distributor, and even exhibitor.
He is the only Kannadiga to head Film Federation of India.
The foreign exchange reserves declined by USD 950.9 million to USD 404.192 billion in the week to July 27, because of a fall in the foreign currency assets,In the previous week, the reserves had increased a marginal USD 67.7 million to USD 405.143 billion.
Forex reserves are used to influence monetary policy.
Prime Minister Narendra Modi will launch long-awaited India Post Payments Bank (IPPB) On 21 August. It will have at least one branch in every district and focus on financial services in rural areas.
IPPB launched- 30th Jan,2017(Ranchi & Raipur), CEO Suresh Sethi.
President Kovind has given assent to a Bill that will deter fugitive economic offenders(individual against whom warrants for arrest are issued for his involvement in select economic offences) from evading the legal process in India and fleeing the country.
The Bill was passed by the Rajya Sabha on July 25, 2018.
The International Crops Research Institute for Semi-Arid Tropics (ICRISAT) will study the impact of Mission Kakatiya, the ambitious programme launched by the Telangana government to restore and revive the irrigation tanks.
ICRISAT Headquarter-Patancheru, Hyderabad, Founded 1972.