NEXT STORY Lt General AK Bhatt appointed as new DGMO

NEW DELHI: The government has cleared the appointment of Lt-General A K Bhatt as the next director-general of military operations (DGMO), even though it is yet to announce the names of the next Army and IAF chiefs despite both General Dalbir Singh Suhag and Air Chief Marshal Arup Raha slated to retire on December 31.

Lt-Gen Bhatt, who was commissioned into the Gorkha Rifles, will take over the crucial DGMO appointment from Lt-General Ranbir Singh, who captured the popular imagination after he declared at a hurriedly-called press briefing by the external affairs ministry that Army Special Forces had conducted "surgical strikes" against terror launch pads in Pakistan-occupied-Kashmir on September 29.

Lt-Gen Bhatt, who has earlier served in the military operations directorate as a brigadier, is currently posted as the additional director general of the complaints and advisory board at the Army HQ here after he commanded the 21 Division in Assam.

Source:-timesofindia

Why Narendra Modi’s demonetisation move is unprecedented

Historically, ‘demonetisations’ or radical recalls/replacements/redenominations of currencies by governments have been in response to hyperinflations. We know of many such cases of outright withdrawal of notes from circulation being resorted to, when normal means to suck up excess liquidity in the system have failed. The underlying purpose has always been to control runaway inflation and the accompanying loss of faith in the domestic currency, both among investors and the larger public.

The best example here is of Germany under the Weimar Republic, which, on November 20, 1923, introduced a new currency — the rentenmark — and declared all old reichsmark notes to be no longer legal tender. This happened as domestic prices, already 14 times their 1913 levels in mid-1921 and 1,475 times towards end-1922, had skyrocketed to 1,422,900,000,000 times by November next year. As the currency lost value by the minute, people rushed to spend their wages the very moment they received them, fuelling further inflation and necessitating more printing of notes to pay 250 billion reichsmarks for a kilo of butter or 15 billion for a short ride on a Berlin streetcar. The only way to deal with this situation was demonetisation: purging the system of all existing notes and launching a new currency backed by solid assets — in this case, land belonging to the state. With credibility restored, inflation fell and the run on the currency, too, ended.

Source:-indianexpress

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Source:-Spaceedgetechnology

Mental oppressors strike Army, BSF camps in Baramulla, one jawan martyred

SRINAGAR: At scarcest two defenselessness mongers and a trooper were killed, and one warrior was hurt, when mental activists on Sunday night let go at and hurled explosives on a prepared force camp in Baramulla in northern Kashmir, four days after India drove surgical strikes on uneasiness camps over the Line of Control (LoC).

The unequivocally assembled mental oppressors got a Rashtriya Rifles furnished power camp, which in like way houses a unit of the Border Security Force (BSF), before the end of the prior night, affecting a wild weapon battle with security qualities.

The martyred soldier+ has been seen as Constable Nitin and the hurt trooper is Constable Pulwinder. Both are from the 40th unit of the BSF, powers said.

A police official said that a weapon battle with whatever is left of the mental activists completed mid-morning and interest operations were being made.

Source:-TOI
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EgyptAir flight MS804 to Cairo disappears from radar

EgyptAir flight 804 travelling from Paris to Cairo has disappeared from radar with 56 passengers and 10 crew members on board, the airline has said.

French President Francois Hollande said in a televised address that the plane had crashed early on Thursday.

The plane made "sudden swerves" mid-air and plunged before dropping off radars in the southern Mediterranean, Greece's defence minister said.

"At 3:39am the course of the aircraft was south and south-east of Kassos and Karpathos [islands] ... immediately after it entered Cairo FIR and made swerves and a descent I describe; 90 degrees left and then 360 degrees to the right," Defence Minister Panos Kammenos told a news conference.

Greek authorities mounted a search in the area south of the island of Karpathos without result so far, he said.

However, Egypt's civil aviation ministry said in a statement it was too early to confirm if the passenger plane had crashed.

According to EgyptAir, the plane took off from Paris' Charles De Gaulle Airport shortly after 11pm local time.

Greece is deploying military aircraft and a frigate to an area in the southern Mediterranean its defence ministry said.

The search for the missing EgyptAir plane was taking place at sea, about 130 nautical miles southeast of the island of Karpathos, the Greek defence ministry told Reuters news agency.

"One C-130 aircraft and an early-warning EMB-145H plane are already operating in the area. Another C-130 plane is on standby at Kasteli airport on the [southern Greek] island of Crete," Greece's military command said.

Source: http://www.aljazeera.com