India

Retail inflation hits 4 month high at 4.87% in May

PTI; New Delhi, June 12 : Retail inflation jumped to 4-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates.

Based on Consumer Price Index (CPI), the retail inflation was at 4.58 per cent in the preceding month, April. In May 2017, however, it was at a low of 2.18 per cent.

 

The previous high in retail inflation was in January this year at 5.7 per cent.

India successfully test fires nuclear-capable Agni-5 (N)

BALASORE: India on Sunday Successfully test-fired its indigenously developed nuclear capable Long Range Ballistic Missile Agni-5 with a strike range of 5,000 km from Dr Abdul Kalam Island off the Odisha coast.

The surface-to-surface missile was launched with the help of a mobile launcher from launch pad-4 of the Integrated Test Range (ITR) at Dr Abdul Kalam Island in the Bay of Bengal at 9.48 am, defence sources said.

This was the sixth trial of the state-of-the-art Agni-5. The missile covered its full distance during the trial which was a total success, they said.

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