Khalistan Liberation Front chief Harminder Mintoo arrested

NEW DELHI: Khalistan Liberation Front chief Harminder Mintoo+ , who along with five others escaped from Nabha jail in Punjab yesterday, was arrested in Delhi today.

Mintoo was reportedly arrested at New Delhi Railway Station, in a joint operation by the Punjab and Delhi police.

In a daring jailbreak on Sunday morning+ , 12 to 14 armed men, some of them in police uniform, entered the high-security Nabha Central Jail in Punjab's Patiala district, attacked guards and escaped with Mintoo. Along with the terrorist, five gangsters lodged in the jail also escaped.

Source:-timesofindia

India speeds up rebuilding activity in Afghanistan

NEW DELHI: India has stepped up rebuilding activity in Afghanistan in line with its commitment to propel the wartorn nation back on the development track. The move comes just days ahead of a mega multilateral meet that the Narendra Modi government is hosting in Amritsar to contribute to Afghan stability.

Ahead of the December 4 Heart of Asia Conference on Afghanistan, India has come forward to restart a factory in Mazar-e-Sharif, build a runway at Balkh airport and assist the Afghan government in harnessing the economic potential of Salma Dam, which was built with India’s assistance. A tiles factory in Afghanistan’s northern Mazar-e-Sharif city will resume production soon with India’s support, said people familiar with the development.


Source:-timesofindia.indiatimes

Why Narendra Modi’s demonetisation move is unprecedented

Generally, "demonetisations" or radical reviews/substitutions/redenominations of monetary forms by governments have been in light of hyperinflations. We are aware of numerous such instances of by and large withdrawal of notes from course being depended on, when typical intends to suck up abundance liquidity in the framework have fizzled. The fundamental reason has dependably been to control runaway swelling and the going with loss of confidence in the household cash, both among financial specialists and the bigger open.

The best case here is of Germany under the Weimar Republic, which, on November 20, 1923, presented another coin — the rentenmark — and announced all old reichsmark notes to be no more drawn out lawful delicate. This happened as residential costs, as of now 14 times their 1913 levels in mid-1921 and 1,475 times towards end-1922, had soar to 1,422,900,000,000 times by November one year from now. As the coin lost esteem incrementally, individuals raced to spend their wages the exact second they got them, fuelling further expansion and requiring all the more printing of notes to pay 250 billion reichsmarks for a kilo of margarine or 15 billion for a short ride on a Berlin streetcar. The best way to manage this circumstance was demonetisation: cleansing the arrangement of every single existing note and propelling another coin supported by strong resources — for this situation, arrive having a place with the state. With validity reestablished, swelling fell and the keep running on the cash, as well, finished.

Source:- indianexpress