_6.PNG) Rating agency ICRA Ltd expects gross domestic product (GDP) growth in the fourth quarter of the fiscal 2017-18 at 7.4% on account of good Rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the March 2018 quarter and provisional annual estimates for the year 2017-18 on 31 May. As per ICRA, the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms is likely to record a considerable recovery to 7.3% in Q4 FY2018 from 6.7% in Q3 FY2018, thereby rebounding above 7% after a gap of five quarters. |
| Source- The Livemint |
 Barcelona forward Lionel Messi has won the European Golden Shoe for the fifth time. The Argentina international claimed the prize after scoring 34 goals in La Liga this season, helping his club to a 25th league triumph. Messi also won the award last year, as well as in 2010, 2012 and 2013. Four-time winner Cristiano Ronaldo finished ninth in the rankings after scoring 26 goals for Real Madrid in La Liga. |
| Source- Hindustan Times |
 Prajnesh Gunneswaran won the prestigious T.K. Ramanathan award for the year 2017-18 at the Tamil Nadu Tennis Association (TNTA) annual day function at the SDAT tennis stadium. He received a cash prize of Rs. 30,000. |
| Source- The Hindu |
 Reliance Industries Ltd. (RIL) has received environment clearance for the expansion and optimisation of its petrochemical complex at Nagothane in Raigad district of Maharashtra at an estimated cost of Rs 2,338 crore. The proposal is to expand the gas cracker and downstream plants located at Nagothane village in Raigad district by way of debottlenecking, expansion and change of fuel in a captive power plant (CPP). |
| Source- The Moneycontrol |
 The Reserve Bank of India (RBI) has imposed a penalty of Rs5 crore on South Indian Bank (SIB) for non-compliance with its directions on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer (KYC) norms and treasury function. The penalty has also been imposed on the Thrissur-headquartered private sector bank for deficiencies in its compliance function and compliance culture. |
| Source- The Hindu Business Line |
 The Aeronautical Development Agency (ADA), which had conceived and designed the Light Combat Aircraft (LCA) Tejas, has set the ball rolling for building the next generation defence aircraft, the Advanced Medium Combat Aircraft (AMCA), by extending an invitation to private players in Coimbatore to build a technology demonstrator. The proposal is not only the first time an indigenous military aircraft programme is seeing the involvement of private players, but it is also the first time a defence plane development project is proposed to be executed outside Bengaluru. The project to be implemented in Sulur in Coimbatore district which may house the permanent base of the Tejas squadron marks Tamil Nadu’s first major defence aircraft project. |
| Source- The Economic Times |
 The Indian women’s Hockey team failed to defend its crown at the fifth Asian Champions Trophy, as it lost to hosts South Korea, 0-1 in the summit clash at Donghae City, South Korea. A goal by Youngsil Lee clinched the Korean team as the winner of Champions Trophy. The final was India’s first defeat of the tournament. South Korea has lifted the title for the third time after having won it in 2010 and 2011. India, on the other hand, finished second best for the second time after having lost to Japan in the final of the 2013 edition. Indian striker Vandana Katariya was declared player of the tournament while youngster Lalremsiami was named as the upcoming player of the tournament. |
| Source- DD News |
 India is the sixth wealthiest country in the world with a total wealth of 8,230 billion US dollars. According to the AfrAsia Bank Global Wealth Migration Review, the US is the wealthiest country in the world with a total wealth of 62,584 billion dollars. China stood at the second place with 24,803 billion dollars, while Japan is at the third place with 19,522 billion dollars. Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets less any liabilities. Government funds are excluded from it. Globally, the total private wealth held worldwide amounts to around 215 trillion US Dollars. |
| Source- AIR World Service |
 The Anti Terrorism Day is observed on 21 May every year in our country to make the people aware of the anti-social act of terrorism and its impact on human suffering and lives. The official announcement of National Anti Terrorism Day was made after the assassination of India's seventh Prime Minister Rajiv Gandhi on 21 May 1991. He was killed in Tamil Nadu in a campaign by the terrorist. Then, under V.P. Singh government the centre has decided to observe 21st May as Anti Terrorism Day. |
| Source- The Indian Express |
 Russia unveiled the world's first floating nuclear power station at a ceremony in the port of the far northern city of Murmansk, where it will be loaded with nuclear fuel before heading to eastern Siberia. Built in Saint Petersburg, the Akademik Lomonosov arrived in Murmansk where it was moored in the port and presented to the media.
Constructed by the state nuclear power firm Rosatom, the 144 by 30 metre (472 by 98 foot) ship holds two reactors with two 35 megawatt nuclear reactors that are similar to those used to power icebreaker ships.
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| Source- The Reuters |
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