Indian Navy launched the 4th Scorpene class Submarines, recently. It was named as;

According to Reserve Bank of India data, the bank credit grew by 13.24 percent in financial year 2019 (FY19) to Rs 97.67 lakh crore as compared to 10.3 percent in FY18 and the deposits up by 10.03 percent in FY19 to Rs 125.72 lakh crore as compare to 6.7 percent in FY18. Additional Information According to the data available till February 2019, the credit growth in service sector was 23.7 percent and in retail sector it was 16.7 percent. Overall credit growth in the industry sector was 5.6%.

In order to reduce the burden for the electric vehicle users who hunt for charging stations in the city Electric Vehicles charging Stations has been planned to be established in Bengaluru, Karnataka. The 112 EV charging stations that have been proposed to provide the infrastructure needed to encourage the use of EVs will be readied by August-end.

Union Minister for Urban development and housing M. Venkaiah Naidu launched Micro and small Enterprises Facilitation Council(MSEFC) Portal and My MSME app. It was launched as a part of digital India initiative from the perspective of the MSME sector in the country. The grievances field will be communicated through the email and sms instantly.

Justice (Retired) KS Radhakrishnan, a former Supreme Court judge, was on May 8, 2019 appointed as the Member of the Commonwealth Secretariat Arbitral Tribunal of London. He will serve a 4-year term from June 1, 2019 to May 31, 2023 as a Member of the Tribunal. The Commonwealth Secretariat Arbitral Tribunal resolves disputes of the Commonwealth organisations, international or intergovernmental.

Boyz n the Hood director John Singleton, who was the first African American and the youngest-ever film-maker to be nominated for the best director Oscar, passed away at the age of 51 after suffering from hypertension. He was born on 6th January 1968 in Los Angeles, California, U.S.In 1991, he released the Boyz n the Hood film which reflected his own background growing up in South Central Los Angeles.

Ghatam maestro Vikku Vinayakram has recently won the special lifetime achievement award from the Music Academy in Chennai, Tamil Nadu. Vinayakram is one of the best-known faces of percussion from South India. He plays Carnatic music with the ghatam (an earthen pot), and is credited with popularising the ghatam. This award does not fall under the institution's annual recognitions and honours. It is conferred once in a while to artistes of outstanding calibre who the Music Academy feels deserve an independent recognition.

The International Monetary Fund (IMF) cut its economic growth forecasts for India by 20 basis points (bps) each from its January predictions to 7.3% for FY20 and 7.5% for the next fiscal. Citing persistent risks from the trade war, it lowered 2019 global growth forecast by 20 basis points to 3.3%, the weakest since 2009 when the subprime crisis had flared up.