N Korea leader Kim Jong Un says he will complete nuke program

Agencies
September 16, 2017

Seoul, Sept 16: North Korea leader Kim Jong Un said the country is nearing its goal of "equilibrium" in military force with the United States, as the United Nations Security Council strongly condemned the North's "highly provocative" ballistic missile test.

The North's official Korean Central News Agency carried Kim's comments today a day after US and South Korean militaries detected the missile launch from the North Korean capital of Pyongyang.

It travelled 3,700 kilometres as it flew over Japan before landing in the northern Pacific Ocean. It was the country's longest-ever test flight of a ballistic missile.

The North has confirmed the missile as an intermediate range Hwasong-12, the same model launched over Japan on August 29.

The KCNA said Kim expressed great satisfaction over the launch, which he said verified the "combat efficiency and reliability" of the missile and the success of efforts to increase its power.

While the English version of the report was less straightforward, the Korean version quoted Kim as declaring the missile as operationally ready. He vowed to complete his nuclear weapons program in the face of strengthening international sanctions, the agency said.

The UN Security Council accused North Korea of undermining regional peace and security by launching its latest missile over Japan and said its nuclear and missile tests "have caused grave security concerns around the world" and threaten all 193 UN member states.

Kim also said the country, despite "limitless" international sanctions, has nearly completed the building of its nuclear weapons force and called for "all-state efforts" to reach the goal and obtain a "capacity for nuclear counterattack the US cannot cope with."

"As recognised by the whole world, we have made all these achievements despite the UN sanctions that have lasted for decades," the agency quoted Kim as saying.

Kim said the country's final goal "is to establish the equilibrium of real force with the US and make the US rulers dare not talk about military option for the DPRK," referring to North Korea's official name, the Democratic People's Republic of Korea.

He indicated that more missile tests would be forthcoming, saying that all future drills should be "meaningful and practical ones for increasing the combat power of the nuclear force" to establish an order in the deployment of nuclear warheads for "actual war."

Prior to the launches over Japan, North Korean had threatened to fire a salvo of Hwasong-12s toward Guam, the US Pacific island territory and military hub the North has called an "advanced base of invasion."

The Security Council stressed in a statement after a closed-door emergency meeting that all countries must "fully, comprehensively and immediately" implement all UN sanctions.

Japan's UN Ambassador Koro Bessho called the missile launch an "outrageous act" that is not only a threat to Japan's security but a threat to the world as a whole."

Bessho and the British, French and Swedish ambassadors demanded that all sanctions be implemented.

Calling the latest launch a "terrible, egregious, illegal, provocative reckless act," Britain's UN Ambassador Matthew Rycroft said North Korea's largest trading partners and closest links a clear reference to China must "demonstrate that they are doing everything in their power to implement the sanctions of the Security Council and to encourage the North Korean regime to change course."

France's Foreign Ministry said in a statement that the country is ready to work on tougher UN and EU measures to convince Pyongyang that there is no interest in an escalation, and to bring it to the negotiating table.

Friday's launch followed North Korea's sixth and most powerful nuclear test on September 3 in what it described as a detonation of a thermonuclear weapon built for its developmental intercontinental ballistic missiles.

The North flight tested its Hwasong-14 ICBMs twice in July and analysts say the missiles could potentially reach deep into the US mainland when perfected.

The growing frequency, power and confidence displayed by Pyongyang's nuclear and missile tests seem to confirm what governments and outside experts have long feared: North Korea is closer than ever to its goal of building a military arsenal that can viably target US troops both in Asia and in the US homeland.

This, in turn, is meant to allow North Korea greater military freedom in the region by raising doubts in Seoul and Tokyo that Washington would risk the annihilation of a US city to protect its Asian allies.

South Korean President Moon Jae-in, a liberal who initially pushed for talks with North Korea, said its tests currently make dialogue "impossible."

"If North Korea provokes us or our allies, we have the strength to smash the attempt at an early stage and inflict a level of damage it would be impossible to recover from," he said.

Robust international diplomacy on the issue has been stalled for years, and there's so far little sign that senior officials from North Korea and the US might sit down to discuss ways to slow the North's determined march toward inclusion among the world's nuclear weapons powers.

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News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

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News Network
February 14,2020

Feb 14: India will never forget the martyrdom of the security personnel killed in last year's Pulwama attack, Prime Minister Narendra Modi said on Friday.

He termed the slain security personnel were "exceptional individuals" who devoted their lives to serving and protecting the nation.

On February 14 last year, a convoy of vehicles carrying security personnel on the Jammu-Srinagar National Highway was attacked by a vehicle-borne suicide bomber at Lethpora in Pulwama district of Jammu and Kashmir. Forty Central Reserve Police Force (CRPF) personnel were killed in the attack.

"Tributes to the brave martyrs who lost their lives in the gruesome Pulwama Attack last year. They were exceptional individuals who devoted their lives to serving and protecting our nation. India will never forget their martyrdom," tweets PM Modi one year since the Pulwama attack.

"I pay homage to the martyrs of Pulwama Attack. India will forever be grateful of our bravehearts and their families who made supreme sacrifice for the sovereignty and integrity of our motherland," tweets Union Home Minister Amit Shah.

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News Network
June 22,2020

Karachi, Jun 22: India-born renowned Pakistani Shia scholar and author Talib Jauhari passed away here after a prolonged illness. He was 80.

Jauhari, who was born on August 27, 1939 in Patna, is survived by his three sons, Dawn News reported on Monday.

He migrated to Pakistan along with his father in 1949, two years after the Partition.

After obtaining early education from his father, he went to Iraq where he studied religion for 10 years under the renowned Shia scholars of that time.

Jauhari, who was on a ventilator in the intensive care unit of a private hospital for the past 15 days, breathed his last on Sunday night.

His son Riaz Jauhari confirmed his death and said that the body has been shifted to Ancholi Imambargah for the funeral prayers, The Express Tribune newspaper quoted his son as saying.

Jauhari was respected among his sect as he was a class fellow of the widely revered scholar Ayatollah Sayyid Ali al-Husayni al-Sistani.

He was also a poet, historian and philosopher and authored many books.

Pakistan Prime Minister Imran Khan has condoled Jauhari's death.

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