According to Reserve Bank of India (RBI), India’s current account deficit (CAD) narrowed during 2016-17 fiscal owing to a contraction in the country’s trade deficit.

Former German Chancellor Helmut Kohl, who is hailed as the father of German unification has passed away.

According to NASA, May 2017 was the second hottest month in a span of 137 years when modern record-keeping of average global temperatures had commenced.

The government has made Aadhaar mandatory for opening bank accounts as well as for carrying out financial transactions above of Rs 50,000.

India has won its re-election to the UN’s principal organ on economic, social and environmental issues for another three-year term. India was one among the 18 nations to win election to the Economic and Social Council (ECOSOC).

In the Global Innovation Index 2017, co-authored by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO), India has moved up 6 places to reach 60th place among 130 countries emerging as the top-ranked economy in Central and South Asia. This is the 10th edition of the Global Innovation Index 2017 (GII).

Former Chief Justice of India Prafullachandra Natwarlal Bhagwati who is considered as a pioneer of Judicial Activism has passed away. Justice Bhagwati was 95 years old.

• India-South Korea sign Agreements to Push Infrastructure Development and Bilateral Trade
• China launches its First X-ray Space Telescope
• UN General Assembly Approves Creation of New UN Office of Counter Terrorism

The United Nations General Assembly has approved the establishment of a new United Nations office of counter-terrorism to help Member States implement UN’s global counter-terrorism strategy.

China-led Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund.

China has launched its first X-ray space telescope to study black holes, pulsars and gamma-ray bursts.

According to the ‘One Family at a Time’ study conducted by the UN International Fund for Agricultural Development (IFAD), Indians working across the world had sent home USD 62.7 billion in 2016 making India the top remittance-receiving country surpassing China.