US warplanes fly off North Korea coast

Agencies
September 24, 2017

Washington, Sept 24: US bombers and fighter escorts flew off the coast of North Korea Saturday in a show of force against its nuclear weapons program, escalating already sky-high tensions.

The hermit state's foreign minister meanwhile derided Donald Trump as "mentally deranged" at the United Nations, while the US president fired back on Twitter with fresh threats.

The latest exchange of bellicose rhetoric comes as international alarm mounts over Pyongyang's weapons ambitions -- including a suggestion this week that the country is considering detonating an H-bomb over the Pacific.

US bombers have carried out similar flights before, as the United States and the international community struggle to rein in North Korea's weapons programs.

But in a new stage for such show-of-force operations, the Pentagon stressed this was the furthest north of the Demilitarized Zone (DMZ) between the two Koreas that any US fighter or bomber has flown off North Korea's coast in this century.

"This mission is a demonstration of US resolve and a clear message that the president has many military options to defeat any threat," Pentagon spokeswoman Dana White said.

"We are prepared to use the full range of military capabilities to defend the US homeland and our allies."

The Air Force B-1B Lancer bombers flown Saturday are based in Guam, and were accompanied by F-15C Eagle fighter escorts from Okinawa, Japan, White said. They flew over international waters off the east coast of North Korea.

There was another reason for concern after an underground rumble near North Korea's nuclear test site. China at first said it suspected an explosion.

But it was later ruled by a nuclear test ban watchdog and other experts to be a shallow 3.5-magnitude earthquake and likely an aftershock from the hermit state's latest nuclear test on September 3.

This week saw a blistering war of words between Kim and Trump, with the US leader using his maiden speech at the United Nations General Assembly to warn that Washington would "totally destroy" the North if America or its allies were threatened.

Pyongyang, which says it needs nuclear weapons to protect itself against the threat of a US invasion, responded on Friday with a rare personal rebuke from Kim, who called Trump "mentally deranged" and threatened the "highest level of hardline countermeasure in history."

North Korean Foreign Minister Ri Yong-ho took things further. He, too, dismissed Trump as deranged, and said the US president's threats had increased the chances of military confrontation.

Ri told the UN General Assembly in New York that Trump's vow to "totally destroy" his country had made "our rockets' visit to the entire US mainland all the more inevitable."

Describing Trump as a "mentally deranged person full of megalomania," Ri said the US leader who "holds the nuclear button" posed "the gravest threat to international peace and security today."

Trump later responded on Twitter, insulting Kim once more and appearing to threaten both men. "Just heard Foreign Minister of North Korea speak at U.N. If he echoes thoughts of Little Rocket Man, they won't be around much longer!" he wrote late Saturday night.

Washington announced tougher restrictions Friday aimed at curbing North Korea's nuclear and ballistic missile program, building on tough new UN sanctions aimed at choking Pyongyang of cash.

Russia and China have both appealed for an end to the escalating rhetoric between Washington and Pyongyang.

But on the fringes of the UN meeting this week, Ri upped the tensions further, telling reporters Pyongyang might now consider detonating a hydrogen bomb outside its territory.

Monitoring groups estimate that the nuclear test conducted in North Korea earlier this month had a yield of 250 kilotons, which is 16 times the size of the US bomb that destroyed Hiroshima in 1945.

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News Network
January 6,2020

Hyderabad, Jan 6: AIMIM president Asaduddin Owaisi on Monday expressed solidarity with students of Jawaharlal Nehru University in Delhi, following violence in the campus and said the "cruel attack" was meant to "punish"the students as they "dared to stand up".

"In solidarity with the brave students of JNU. This cruel attack is meant to 'punish' JNU students because they dared to stand up. It's so bad that even Union Ministers are tweeting helplessly. Modi Sarkar must answer why cops aresiding with goons," the Hyderabad MP tweeted.

The AIMIM has also tweeted expressing solidarity with the "students of JNU". "AIMIM stands in solidarity with the students of Jawaharlal Nehru University. Who feels threatened by the voice of students?," the party said in a tweet.

Violence broke out at the JNU on Sunday night as masked men armed with sticks and rods attacked students and teachers and damaged property on the campus, prompting the administration to call in police which conducted a flag march.

At least 28 people, including JNU Students' Union president Aishe Ghosh, were injured as chaos reigned on the campus for nearly two hours.

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News Network
January 31,2020

New Delhi, Jan 31: Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending March 2020.

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21.

The Indian economy has hit the bottom and it will see an uptick from here, he said in a media briefing post the Economic Survey.

Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in the first half of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.

According to it, the uptick in second half of 2019-20 would be mainly due to ten positive factors like picking up of Nifty India Consumption Index for the first time this year, an upbeat secondary market, higher FDI flows, build-up of demand pressure, positive outlook for rural consumption, rebound of industrial activity, steady improvement in manufacturing, growth in merchandise exports, higher build-up of foreign exchange reserves and positive growth rate of GST revenue collection.

The survey also emphasised that merger of public sector banks may increase the financial strength of the merged entities, lower the risk aversion and result in lowering of lending rates.

Further, as the implementation of GST further settles down, the increased unification of the domestic market may reduce business costs and facilitate fresh investment.

Reforms in land and labour market may further reduce business costs, said the survey, presented a day before Sitharaman's Union Budget 2020-21.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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