 India has become the largest remittance-receiving country in the world, with migrant workers from the country sending home 69 billion US dollars in 2017. According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, remittances to the Asia-Pacific region amounted to 256 billion dollars in 2017. India with 69 billion Dollars, China with 64 billion Dollars and the Philippines with 33 billion Dollars are the three largest remittance-receiving countries in the world in 2017. Worldwide, an estimated 40% of the total value of remittances goes to rural areas. According to the report, cash-to-cash transactions remain by far the most common form of transfer. |
| Source- The Economic Times |
 India and Nepal have agreed to expand their partnership for socio-economic development on the basis of principles of equality, trust, respect and mutual benefit. In a joint statement issued after Prime Minister Narendra Modi's two-day visit to Nepal. Mr. Modi and his Nepalese counterpart KP Sharma Oli emphasized the need for the regular convening of bilateral mechanisms to review the overall state of bilateral relations and for expeditious implementation of the economic and development co-operation projects.
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| Source- All India Radio (AIR News) |
 Credit rating agency Fitch has stated that India's economic growth will accelerate to 7.3% in the current financial year (2018-19) and 7.5% in the next fiscal (2019-20). In its second-quarter Sovereign Credit Overview for Asia Pacific region, Fitch stated the growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the rollout of GST have diminished. |
| Source- DD News |
 General Bipin Rawat, Chief of Army the Staff released the book 'Across the Bench - Insight into the Indian Military Judicial System' by Lt Gen Gyan Bhushan, former Army Commander and Member 'A', Armed Forces Tribunal, Lucknow Bench. The book deals with military judicial system vis-a-vis command and management issues within the military establishments besides the whole gamut of issues relating to veterans, their families and dependents. |
| Source- Press Information Bureau (PIB) |
 India and Peru signed an agreement in the field of Renewable Energy at Lima. The pact was signed in the presence of Vice President M Venkaiah Naidu and the Prime Minister Cesar Villanueva Arevalo. This is the final leg of the 3-Nation visit to central America of Indian Vice- President. During the meeting, the leaders discussed various bilateral and international issues of mutual interest. Vice President’s visit comes at a time when India is celebrating the 55th anniversary of the establishment of Diplomatic Relations with Peru. |
| Source- DD News |
 Indian Customs and Department of India Posts held a first-ever Joint Conference in Vigyan Bhavan in New Delhi to deliberate on streamlining of imports and exports by post. Imports and exports by post are the 6th highest cited citizen grievances under Centralized Public Grievance Redress and Monitoring System (CPGRAMs). Customs and Directorate General of Foreign Trade (DGFT) have worked together since a year to liberalise, reform and align laws relating to imports by Post. |
| Source- Press Information Bureau (PIB) |
 British film editor Anne V. Coates, who won an Oscar for David Lean’s epic film Lawrence of Arabia, has passed away. She was 92. Coates received five Best Film Editing Oscar nominations over the course of her career for Becket (1963), The Elephant Man (1980), In the Line of Fire (1993) and Out of Sight (1998) in addition to her nom and win for Lawrence of Arabia (1962). She also received an Academy Honorary Award, known as a Lifetime Achievement Oscar, in November 2016 by the Academy of Motion Picture Arts and Sciences. |
| Source- The Guardian |
 Nobel laureate and noted economist Muhammad Yunus was honoured with the 11th KISS Humanitarian Award 2018 at a function held in Bhubaneswar, Odisha. Yunus is the founder of Grameen Bank and is known as the Father of Microfinance. |
| Source- Business Standard |
 International Nurses Day (IND) is celebrated every year all around the world on 12th of May to commemorate the birth anniversary of the Florence Nightingale and to mark the nurse's contributions towards people’s health. The International Council of Nurses (ICN) has chosen the theme “Nurses A Voice to Lead – Health is a Human right” for IND 2018. Nurses Day was first proposed by the Dorothy Sutherland in the year 1953 and first proclaimed by President Dwight D. Eisenhower. It was first celebrated by ICN in the year 1965. |
| Source- icn.ch |
 The California-based aerospace company, SpaceX has blasted off its most powerful Falcon 9 rocket, which is certified to carry humans to space later this year. The Block 5 Falcon 9 rocket’s main goal for its maiden mission is to propel the first high-orbit communications satellite for Bangladesh, called Bangabandhu Satellite-1. The Block 5 Falcon 9 is eventually meant to carry astronauts to the International Space Station, with the first launch tentatively planned for December 2018. |
| Source- AIR World Service |
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