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With Hydrogen bomb armed North Korea, US allies strengthen their defence capabilities

North Korea Kim Jong Un is on a mission to excel and develop his country on whatever resources it has to mark a place in the world and the country has a huge treasure of mineral resources which remains largely untapped including iron, gold, magnesite, zinc, copper, limestone, molybdenum and graphite.

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North Korea test of hydrogen bomb
This picture was released by North Korea’s official Korean Central News Agency (KCNA) on Sunday, purportedly showing leader Kim Jong-Un (centre) looking at a hydrogen bomb.

North Korea Kim Jong Un is on a mission to excel and develop his country on whatever resources it has to mark a place in the world and the country has a huge treasure of mineral resources which remains largely untapped including iron, gold, magnesite, zinc, copper, limestone, molybdenum and graphite.

Its bedrock also holds a large amount of metals needed to make smartphones and other technological products. For other resources, North Korea is maintaining economic and diplomatic ties with Russia and China. North Korea has been upgrading the technology of intercontinental ballistic missiles and the major world powers were aware that Pyongyang’s goal is to develop a nuclear-tipped missile with enough range to destroy cities in America and the testing of a sixth nuclear test on September 3rd, 2017 was the result of their work that prepared a two stage nuclear device that was made to fit on a Hwasong-14 intercontinental ballistic missile.

The United States has called on the United Nations Security Council to vote on Monday on a draft resolution for imposing new sanctions against North Korea that would include freezing the assets of leader Kim Jong Un over its sixth and powerful nuclear test.

The draft resolution includes a full ban on exports of oil to North Korea, a full ban on textile imports from North Korea, a ban on North Korean labourers generating earnings overseas, and the asset freeze, which will also target members of the ruling worker’s party, the diplomat said, calling it a “hard-hitting, ambitious resolution.”

But North Korean ally China and neighboring Russia hold veto power on the Security Council. A draft resolution needs nine affirmative votes from members of the Council and zero vetoes from permanent members in order to pass.

There are reports that Russia may have helped North Korea’s “sudden advancement” in the development of nuclear weapons.

The British Foreign Office is investigating whether “current and former nuclear states” helped Pyongyang develop nuclear weapons capable of being mounted on missiles.

The new draft UN resolution would cut off oil to North Korea, ban the nation’s exports of textiles and end the hiring of North Korean laborers abroad and may also include North Korean leader Kim Jong Un to a travel ban and asset freeze.

China has banned imports of gold from North Korea as well as exports to the country of jet fuel and other oil products used to make rocket fuel. A series of UN trade sanctions have blocked the entry of technology into North Korea for building ballistic missiles since 2006. A UN ban also prohibits sales of weapons and fuel for missiles.

United Nations has “unequivocally” condemned the latest nuclear and missile tests by the Democratic People’s Republic of Korea (DPRK), denouncing them as “profoundly destabilizing for regional and international security.”

United Nations Secretary-General Antonio Guterres has urged big powers to come up with a political solution to stop Kim Jong Un from advancing in the development of nuclear weapons and intercontinental ballistic missiles (ICBMs) and warned against adopting military action, saying the “potential consequences to military action are too horrific.”

“Confrontational rhetoric may lead to unintended consequences, The solution must be political. The potential consequences of military action are too horrific,” the Secretary General said referring to the rhetoric being used by U.S. President Donald Trump and North Korean leader Kim Jong Un.

The Secretary-General stressed that dialogue and communication is necessary to avoid miscalculation or misunderstanding, Guterres said, “As Secretary-General, I am ready to support any efforts towards a peaceful solution of this alarming situation, and as I said, to the denuclearization of the Korean peninsula.”

UNSC has reiterated that North Korea should comply fully with its international obligations, including Security Council Resolution 2371, which was adopted last month.

The Council has adopted Resolution 2356 designating high-ranking North Korean government officials and the military’s Strategic Rocket Forces Command for individual sanctions.

America must reaffirm and strengthen its commitment to defend its allies and Trump on a telephonic conversation with South Korean President Moon Jae-in has agreed to review missile programs.Japan has approved for the installation of THAAD mmissile.But both China and Russia have condemned Japan’s plans to upgrade its missile defences.

He recently concluded annual U.S. Pacific Command Chiefs of Defense Conference, this year co-hosted by Canada and the United States, provided a forum for 26 senior Indo-Asia-Pacific military leaders to strengthen military-to-military relationships, discuss common defense issues and foster regional cooperation.

The conference was held here from September 4-6. Topics of discussion included the threat from North Korea, trends in the Indo-Asia-Pacific area, combating and preventing violent extremism and peace support operations.

“We share many challenges in the Indo-Asia Pacific, but through bilateral and multilateral engagements like these and cooperation with other nations in the region, I am confident that when we face these challenges together, we will prevail together,” said Navy Adm. Harry B. Harris, Pacom’s commander.

 

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By: Arti Bali

Senior Journalist

 

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Royal Orchid announces the opening of group’s newest hotel in Nashik

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 Royal Orchid Hotels, the fastest growing hospitality chain in India today announced the opening of its new hotel in Nashik named ‘Regenta Resort Soma Vine Village’. Nashik popularly known as the wine capital of the country has gained immense popularity among the tourist in India.

Regenta Resort Soma Vine Village, with 32 rooms offers boutique accommodation with varied dining and banquet facilities. The glorious property will give travelers a mesmerizing experience and contemporary luxury.

On-site amenities at the hotel include a completely refreshed restaurant, a winery, a state-of-the-art fitness center and outdoor pool, as well as a business centre, and spa services. The hotel has a wide range of facilities that let the guests choose from various room categories designed in keeping the touch of the city with elegance and relaxing atmosphere.

Located in the northern part of the state of Maharashtra, Nashik is developing as a lively city with a blend of the ancient and modern touches attracting tourists from across the country. The city has numerous forts, temples, historic sites as well as a home to industries. The city offers green pastures, mountains and tours of the wine yard.

The most important attraction of the city includes Vineyards and Hindu temples situated in and around Nashik. May it be an important corporate event or a business meet or a simple getaway to explore nature and feel the essence of spirituality, Regenta Resort Soma Vine Village allows enormous options to its guests. The guests can experience the beauty and culture of Nasik just by availing one of the several facilities that the hotel provides to its patrons.

Chander K. Baljee, Managing Director, Royal Orchid Hotels said, “The hotel is the perfect complement to our recently refreshed Regenta portfolio of hotels across India. We are taking continuous steps towards expanding our presence all over India. The new hotel in Nasik is one such move towards achieving our aim. The government push toward tourism sector is giving us the much needed enthusiasm to go aggressive in adding new properties to our bouquet. Going forward we will continue to add more properties to both-explored and unexplored tourist destinations”

By now we have added eight properties – Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore, Pushkar and now Nasik in the current fiscal year taking the number to 49 hotels. We will continue our efforts in expanding our presence all over India”.

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Nationalism of Narendra Modi is under question

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The economic bungling by Jeweller Nirav Modi, Business tycoon Vijay Mallya  and Lalit Modi has put a serious  question mark on the nationalism of Prime Minister Narendra Modi. His conspicuous silence on  India’s largest banking fraud to the tune of Rs 11,400-crore and still counting is shocking as he repeatedly claimed to have won the huge mandate on the basis of giving achhe din to the people of India but crony capitalists have escaped India with taxpayers’ money and there is no clarification from Narendra Modi who has taken the voter for a ride.

Congress president Rahul Gandhi advised Prime Minister Narendra Modi  to speak on  the Nirav Modi and Rafale scams rather than seeking suggestions for his Mann Ki Baat programme from the general public.

The intentions of Modi government are also conspicuous when the central government  opposed a plea seeking an independent Special Investigation team ( SIT )probe and deportation of billionaire diamond merchant Nirav Modi in the Supreme Court,citing an FIR has already been filed and that a probe was on.

The Supreme Court has already admitted the PIL, filed by lawyer Vineet Dhanda in the Rs 11,400 crore PNB fraud and has now been listed for further hearing on March 16.The PIL has made Punjab National Bank, Reserve Bank of India and the ministries of finance and law and justice as parties.

Modi has been touring the world citing that his government is enhancing the status of India as an investor friendly country and where there is an ease of doing business. On the contrary, his reforms of demonetisation and GST has benefitted selected Business people having links with the ruling party and crony capitalists and general public has been made to bear the burnt. The economic frauds have dented the image of India globally and these types of  incidents would amplify questions about distress in the country’s financial sector reeling under bad loans.

What type of image is being projected when the  picture in which billionaire jeweller Nirav Modi is seen with Prime Minister Narendra Modi in Davos where the 48th Annual Meeting of the World Economic Forum took place  from 23 to 26 January 2018. The summit was attended by world’s leading figures .

On January 31, PNB filed a case of “criminal conspiracy and cheating” against the gem trader, members of his family and others two weeks ago alleging a 2.8 billion indian rupee ($44m) fraud.

The Modi government is busy creating eyewash by deploying agencies to probe the scandal  and the Central Bureau of Investigation  on Tuesday arrested five senior executives in connection with the multi-crore PNB fraud including Vipul Ambani (President, Finance, Firestar International/Diamonds group), Kavita Mankikar (executive assistant and authorised signatory of 3 accused firms), Arjun Patil (senior executive, Firestar group), Kapil Khandelwal (CFO, Nakshatra and Gitanjali group) and Niten Shahi (Manager, Gitanjali).

Modi asked people of India in 2014 to vote out corrupt UPA regime then how he and his government is defending the scandals that have occurred under his tenure of just four years . Modi is even trying to bring back the culprits to India .

The question should be asked to the ministers of Modi government what type of nationalism they carry with them when they do not value the life of Indian citizens ,when Dalits are being thrashed ,security personnel get killed on the border when our ruling political class provokes the enemy country just to showoff the Indian voter (woo voters) that they are superior than other political parties. Modi should have strengthened  the country militarily, economically and cohesively as an answer to the huge mandate given by the voters on trust.

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By: Arti Bali

Senior Journalist

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Arun Jaitley blames Auditors, Management for failing to detect PNB scam

PM Modi cannot afford to campaign in 2018 and 2019 elections on giving corrupt free government as massive scams are coming to light and government is assisting capitalists to run away with taxpayers’ money.

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Arun Jaitley

After five days,Finance Minister Arun Jaitley was quick to blame the PNB management and auditors for the Nirav Modi’s Rs. 11,300 crore fraud. It is pertinent to remind Jaitley that Dr Manmohan Singh as Finance Minister was charged for being responsible for the 1992 Harshad Mehta scam, therefore in the present context Finance Minister Jaitley cannot acquit himself of the eroding credibility of India’s banking system that has a direct cost on the country and the taxpayer and an indirect cost on borrowings and development as well.

Finance Minister and Prime Minister Narendra Modi cannot absolve their constitutional and democratic responsibility for the enormous scale of the scam which has many dimensions including fake bank guarantees or letters of Understanding.

Firms associated with Nirav Modi got fake LoUs from the Punjab National Bank (PNB), which is distributed to other banks stationed overseas seeking credit.The fraudulent transactions worth Rs 11,400 crore by Nirav Modi and his maternal uncle Mehul Choksi has embarrassed the government that claims to provide scam-free governance.

Prime Minister Narendra Modi cannot afford to campaign in 2018 and 2019 elections on giving corrupt free government as massive scams are coming to light and government is assisting capitalists to run away with taxpayers’ money.

PM Modi’s silence is amazingly stunning as he is not at all worried about India’s economy,one of the country’s biggest bank frauds, security and other problems of the common man but is rather living in his own false world and brags of giving good governance , acche din and Mann ki Baat where he continues on giving one sided communication.

Modi has fielded Defence Minister Nirmala Sitharaman, Law Minister Ravi Shankar Prasad and Education Minister Prakash Javadekar  to defend the government and clean the blot that could not have taken place without “top leadership involvement”.

Modi should step down for the financial fraud as 293 letters of undertaking (LoU), many letters of credit (LC), were issued during March, April and May 2017. Trying to hide failures of NDA government, the centre has sought the aid of seven agencies (Enforcement Directorate, Interpol, Central Bureau of Investigation, Income Tax department, Central Vigilance Commission,Ministry of Corporate Affairs) both at home and abroad to investigate the entire scam and investigators are conducting t searches at PNB branches and Nirav Modi’s properties.

Modi even claimed that his government had deregistered over 3 lakh dormant and shell companies listed with the Registrar of Companies but How is it possible that the ministry of Corporate affairs failed to identify the 200 shell companies of Nirav Modi and Choksi which the Central Bureau of Investigation and the Enforcement Directorate found to have been used to invest the Rs 11,400 crore of fraudulently obtained money.

The Indian banking sector is already struggling under the weight of bad loans or the NPAs valued as high as $150bn. and the government recently announced it would inject $32bn into the sector to help banks clean up their books, but analysts have questioned whether the money is enough without reforming the banks themselves. The Bharatiya Janata Party is also diverting the attention by saying that the Nirav Modi scam occurred during UPA regime and trying to accuse the Opposition for their failure to detect scams.

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By: Arti Bali

Senior Journalist

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