Bumping version number to 1.7.0

[Rajmohan-Rajagopal]

PR checklist

• [ ] An issue/feature request has been created for this PR
• [X] Pull Request title clearly describes the work in the pull request and the Pull Request description provides details about how to validate the work. Missing information here may result in a delayed response.
• [X] File the PR against the master branch
• [ ] The code in this PR is covered by unit tests

Link to issue/feature request: N/A

Description

Bumping version number to 1.7.0