Tuesday 17 January 2017

Nigerian Air Force fighter jet mistakenly bombs refugee camp, killing more than 100

MAIDUGURI, Nigeria — A Nigerian Air Force fighter jet on a mission against Boko Haram extremists mistakenly bombed a refugee camp Tuesday, killing more than 100 refugees and wounding aid workers, a Borno state official said. A Red Cross worker said 20 volunteers with the aid group had been killed.

The state government official, who was helping to coordinate the evacuation of wounded from the remote area by helicopters, spoke to The Associated Press on condition of anonymity because he was not authorized to speak to reporters.

Military commander Maj. Gen. Lucky Irabor confirmed the accidental bombardment in northeast Rann, near the border with Cameroon.

This is believed to be the first time Nigeria’s military has admitted to making such a mistake.

Among the wounded were two soldiers and Nigerians working for Doctors Without Borders and the International Committee of the Red Cross, Irabor said.

An ICRC employee told the AP that 20 Red Cross volunteers were among the dead. He spoke on condition of anonymity because he was not supposed to give information to reporters.

Doctors Without Borders said its team based in Rann had counted 50 bodies and treated 120 wounded. A statement from spokesman Etienne l’Hermitte urged authorities to facilitate land and air evacuations, saying, “Our medical and surgical teams in Cameroon and Chad are ready to treat wounded patients. We are in close contact with our teams, who are in shock following the event.

Source:-nydailynews

Friday 6 January 2017

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Source:- Spaceedgetechnology

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Source:- Spaceedgetechnology

Thursday 5 January 2017

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Source:- Spaceedgetechnology

Monday 19 December 2016

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Monday 28 November 2016

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

Monday 21 November 2016

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