Friday Evening News Brief, September 22

Friday evening brief Sep 22 2017
Good evening!
Here’s everything that transpired during the course of the day…
India, in strong words, criticised Pakistan in the United Nations for its policy of sponsoring terrorism. “Pakistan is now ‘Terroristan’, with a flourishing industry producing and exporting global terrorism,” India said while exercising its ‘right of reply’ at the United Nations General Assembly.”The quest for a land of pure (Pak) has actually produced ‘the land of pure terror’. In its short history, Pakistan has become a geography synonymous with terror,” India’s first secretary to the UN Eenam Gambhir said. Read
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The Indian Army conveyed to Pakistan that it reserves the right to “retaliate appropriately” to any incident leading to the loss of lives of its troops. In a telephonic conversation, Indian Army’s Director General of Military Operations (DGMO) Lt Gen AK Bhatt conveyed to his Pakistani counterpart that the trend of cross-border infiltration with “active support” of Pakistani forward posts has been continuing, impacting peace and tranquillity in the border areas, the Army said.
US President Donald Trump warned North Korean leader Kim Jong-un that he would be “tested like never before”. “Kim Jong-un of North Korea, who is obviously a madman who doesn’t mind starving or killing his people, will be tested like never before!” Trump tweeted. Earlier in the day, Kim blasted Trump as a “mentally deranged US dotard” who will “pay dearly” for threatening to destroy North Korea.

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Prime Minister Narendra Modi said that “the solution to all problems lies in development”. “Previous governments seemed to hate development and used public money to win elections. Nobody wants to pass on a legacy of poverty to their kids,” Prime Minister Narendra Modi said, while inaugurating a number of projects in Varanasi.

Equity markets crashed down on the last day of the week as North Korea threatened to test a nuclear weapon in the Pacific. The 30-share BSE Sensex fell 447.60 points to close on 31,922.44, while the broader 50-share NSE Nifty cracked 157.50 points to finish on 9,964.40. Thus, both the major indices crashed below the psychological marks of 32,000 and 10,000 respectively.
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