• India is now the second-largest mobile phone producer in the world after China. According to the data shared by Indian Cellular Association with the government, annual production of mobile phones in India increased from 3 million units in 2014 to 11 million units in 2017.
  • The United States and South Korea began their joint military training exercise named 'Foal Eagle. More than 11,500 U.S. troops and nearly 300,000 South Korean forces will take part in the four-week exercises.
  • According to report released by global startup ecosystem map Startupblink, India was ranked 37th out of 125 countries in global startup ecosystem in 2017. Startupblink is a global startup ecosystem map with tens of thousands of registered startups, coworking spaces, and accelerators.
  • The Turkish Atomic Energy Authority (TAEK) was awarded a construction licence for Akkuyu NPP, Turkey's first nuclear power plant, which is being built in Mersin province, in southern Turkey. JSC Akkuyu Nuklear is the Russian-owned company which is responsible for the project.
  • India emerged as the third most vulnerable country in terms of risk of cyber threats, such as malware, spam and ransomware, in 2017, according to a report by security solutions provider Symantec.
  •  Indo-Korean joint anti-piracy, search and rescue exercise ‘Sahyog- Hyeoblyeog 2018’ was conducted off the Chennai coast, in Tamil Nadu. The Korean Coast Guard ship ‘Bodaro’ took part in the exercise.
  •  The presidents of Iran, Turkey and Russia met for their second tripartite summit in under six months, aiming to speed the peace process for Syria and bolster their influence in the country.
  • The United Arab Emirates (UAE) and Malaysia concluded joint military exercise “Desert Tiger 5” aimed at sharing expertise and enhancing joint military actions in Dubai, UAE.
  • Gujarat Chief Minister Vijay Rupani approved setting up a 5,000 MW capacity solar park at the Dholera Special Investment Region (SIR), which would be the largest such entity in the world after its completion.
  • Bangladesh Prime Minister Sheikh Hasina has decided to scrap the quota system in government services after thousands of students marched across the country in protest against a controversial policy of setting aside jobs for special groups.
  • India has jumped 13 places in the last one year to 130th spot in the latest annual Index of Economic Freedom released by a top American think-tank the Heritage Foundation.
  • United Nations’ Deputy Secretary-General Amina Mohammed announced the launch of the ‘UN Road Safety Trust Fund’ to stimulate action that can save lives and prevent injuries and sufferings associated with road accidents.
  • The World Bank has approved $55mn to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily. 
  • A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community - Led Landscapes Management Project (MCLLMP)” was signed between India and the World Bank.
  • The World Bank has projected a growth rate of 7.3% for India this year and 7.5% for 2019 and 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax.
  • The United Kingdom joined the India-led International Solar Alliance (ISA).
  • The Jatra begins in Nepal. It is believed that the festival started during Malla dynasty. In Nepal, the famous Bisket Jatra is being celebrated in Bhaktapur and other parts of Kathmandu valley. The nine day annual festival marks beginning of Nepali new year. The Jatra begins four days before the start of new year.
  • India has won an election to a crucial non-governmental organisation committee in the United Nations. It topped the election held by the Committee on Non-Governmental Organizations in the Asia Pacific States category.
  • The International Monetary Fund (IMF) has stated that India is expected to grow at 7.4% in 2018 and 7.8% in 2019 and would re-emerge as one of the fastest growing major economies in the period.
  •  India’s Gross Domestic Product (GDP), the worth of the economy, clocked in at $2.6 trillion for 2017, according to the database of the International Monetary Fund’s World Economic Outlook (WEO) for April 2018. India is now the world’s sixth largest economy, displacing France.
  • As per the 2018 Commonwealth Innovation Index, India fetched 10th position in the index topped by the United Kingdom, Singapore and Canada.
  • Swaziland’s King Mswati III, Africa’s last absolute monarch, officially changed the name of his country to the ‘Kingdom of eSwatini’. Accordingly, the country, a member of the Commonwealth, will now be known by its historic name of eSwatini.
  • Britain’s Prince Charles will succeed his mother Queen Elizabeth II as the Head of the Commonwealth after the heads of government agreed on his succession.
  • The Commonwealth countries have unanimously agreed to take action on cybersecurity by 2020. In a landmark declaration at the end of Commonwealth Heads of Government Meeting (CHOGM) in London, the leaders of 53 countries agreed to work closely to evaluate and strengthen their cybersecurity frameworks and response mechanisms.
  • Bolivian Foreign Minister Fernando Huanacuni has announced that Argentina, Brazil, Chile, Colombia, Paraguay and Peru had decided to temporarily leave the Union of South American Nations (UNASUR), given differences over choosing the secretary general of the group.
  • Iran has banned the use of bitcoin and other cryptocurrencies by its banks and financial institutions.
  • Canada and the European Union will host the world’s first 2-Day female foreign ministers’ meeting in September 2018 in Canada. The announcement was made by the Canadian Foreign Minister Chrystia Freeland.
  • The European Union and the United Nations co-chaired a two-day international conference in Brussels, Belgium aiming to pump financial aid for Syrians and garner political support for UN-led intra-Syrian talks.
  •  India has retained its position as the top remittances receiving country with its diaspora sending about $69 billion back home in 2017, according to the report of the World Bank. Remittances to India picked up sharply by 9.9% to $69 billion in 2017, reversing the previous year’s dip.
  • Richest Indian Mukesh Ambani (24th Rank) and human rights lawyer Indira Jaising (20th Rank) have been named by Fortune magazine as the World's Greatest Leaders of 2018.
  • As part of ongoing Indo-Malaysian defence cooperation, a joint training exercise Harimau Shakti will be conducted in the dense forests of Sengai Perdik, Hulu Langat, Malaysia.
  • Mario Abdo Benitez won the presidential election conducted in Paraguay. He belongs to the ruling Colorado Party. 
  • According to the 2018 World Press Freedom Index compiled by Reporters Without Borders (RSF), India has ranked 138th (falling 2 positions down from 136th in 2017). The list has been topped by Norway. North Korea was at the bottom-most position (180th) in the list.
  • India has agreed for the most revered Buddhist relics from Sarnath to be taken to Sri Lanka for public exposition on the occasion of Vesak festival. This is the first time relics from Sarnath are being brought to Sri Lanka from India, and special arrangements have been made for this purpose.
  • The leaders of North and South Korea agreed to pursue a permanent peace and the complete denuclearization of the divided peninsula, as they embraced after a historic summit laden with symbolism.
  • According to the Deutsche Bank research report, the Indian economy is witnessing a "cyclical upswing" and the country is likely to clock a GDP growth of 7. 5% this financial year.