diff --git a/DESCRIPTION b/DESCRIPTION
index 277e74c..8848770 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: nlsur
 Type: Package
-Version: 0.6.5
+Version: 0.7
 Title: Estimating Nonlinear Least Squares for Equation Systems
 Author: Jan Marvin Garbuszus
 Maintainer: Jan Marvin Garbuszus <jan.garbuszus@ruhr-uni-bochum.de>
diff --git a/NEWS b/NEWS
index 49d5957..5ab631e 100644
--- a/NEWS
+++ b/NEWS
@@ -1 +1,2 @@
-0.1
+0.7: Implement elasticities function for the estmation of expenditure/income
+elastisticesa and uncompensated and compensatend prices elasticities