TNPSC Daily Current Affairs - July 3 & 4, 2018 - TNPSC Current Affairs - www.TNPSCGURU.in 2018 - TNPSC GURU - TNPSC Group 2A Results, cut offMark - TNPSC

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Monday, July 16

TNPSC Daily Current Affairs - July 3 & 4, 2018 - TNPSC Current Affairs - www.TNPSCGURU.in 2018


TNPSC Current Affairs - July 2018 by TNPSC Guru



1.5th RCEP intersessional Ministerial meeting . 
5th Regional Comprehensive Economomic Partnership (RCEP) intersessional Ministerial Meeting held in Tokya, Japan.

About RCEP: 
  • RCEP is a proposed free trade agreement being negotiated between 10 ASEAN countries and their Free Trade Agreement partners, Australia, China, India, Japan, South Korea and New Zealand.
  • If the negotiation is successful, it would create the world’s largest trading bloc.
  • The trade bloc represents world’s 46 % of population with combined GDP of around $17 trillion and accounts of 40% of world trade.
  • It will cover of issues such as trade in goods, services, investment, competition, intellectual property rights, telecommunication and economic and technical cooperation 

India’s benefit from RCEP:
  • RCEP will help to achieve India’s aim and objective of look-East policy.
  • RCEP is important to India because India is not a member of 2 other major regional economic group APEC (Asia-Pacific Economic cooperation) and TPP (Trans-Pacific Partnership).
  • RCEP will help India’s Trade volume to increase with countries, which India not signed FTA like China, New Zealand, and Australia.
  • Once the RCEP get negotiated it can easily access the entire 16 member’s trade bloc and India’s Service sector like IT, telecoms, BPO, KPO, Banking services are likely to get more benefits.


2.Tariff concession to APTA members 
  • India agreed to provide tariff concession on 3,142 products for Asia Pacific Trade Agreement (APTA) members.
  • APTA is a trade expansion initiative under the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) started in 1975 through exchange of tariff concessions among developing country members of the Asia-Pacific region.
  • Members of APTA are Bangladesh, China, India, Mongolia, South Korea, Laos, Sri Lanka.
  • APTA was previously known as Bangkok Agreement. 
3.Genome Valley 2.0, 
  • Telangana government has signed agreement with Singapore firm for Genome Valley 2.0.
  • Genome valley is High technology business district located in Hyderabad, Telangana. 

4.MOVE : Global Mobility Summit. 
NITI Ayog to organise “MOVE : Global Mobility Summit” with aim for Vehicle electrification, integrating renewable energy and job opportunity and also speeds up India’s transition to Clean energy economy.

5.Vishwas Patel 
Vishwas Patel has been appointed as  Chairman of Payment Council of India.

6.Jose Eladio Alcain to head UNMOGIP.. 
Major General Jose Eladio Alcain of Uruguay will head the United Nations Military Observer Group in India and Pakistan (UNMOGIP)

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