Friday Morning News Brief, September 15

Friday morning brief Sep 15 2017
Good morning!
Here’s everything you need to know to start your day…
North Korea fired a ballistic missile over Japan and into the Pacific today. The launch, from near Pyongyang, came after the United Nations Security Council imposed an eighth set of measures on the isolated country over its ballistic missile and atomic weapons programmes. That followed its sixth nuclear test – by far its largest yet – earlier this month, which Pyongyang said was a hydrogen bomb small enough to fit onto a missile. In New York, the Security Council called an emergency meeting for later today.
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Britain’s Serious Fraud Office is conducting money laundering probe against Mallya. The probe being conducted by Britain’s SFO and will probe beleaguered liquor baron Vijay Mallya’s money laundering activities in UK and beyond. The SFO decided to initiate an independent probe against Mallya to examine whether the alleged money laundering involved British companies linked to him. The British investigators are probing alleged use of several companies for laundering money from India to UK through a circuitous route and a complex web of companies, and further to Switzerland and other countries.
Rajasthan became the third BJP-ruled state to waive farmers’ loans. The government made the waiver after reaching an agreement with farmers who had been agitating since September 1. As per the agreement, farm loans up to Rs 50,000 would be written off, putting an additional burden of about Rs 20,000 crore on the Vasundhara Raje government. The loan waiver announced by UP chief minister Yogi Aditya Nath and his Maharashtra counterpart, Devendra Fadnavis, had cost the two state governments Rs 36,000 crore and Rs 34,000 crore, respectively.
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A BSF jawan was martyred in yet another ceasefire violation by Pakistan in J&K. The martyred jawan has been identified as BSF Constable Brijendra Bahadur Singh. One civilian is reported injured in the firing which took place in Arnia. This latest unprovoked violation by Pakistan follows a similar one on Wednesday, when three Indian jawans were injured in shelling by Pakistani troops along the Line of Control in the Jammu and Poonch districts of J&K. A day later, India retaliated to unprovoked shelling and killed two Pakistani soldiers in the same areas.
PM Modi and Shinzo Abe plan Asia-Africa link to counter China. The two leaders looked to strategically align India’s ‘Act East’ policy with Japan’s ‘Open Pacific’ initiative and fashion an Asia-Africa “growth corridor” after the announcement of India’s first bullet train project. Modi’s fourth annual summit with Abe saw a strong commitment to ensuring unhindered commerce and trade through the India-Pacific region with the convergence of India’s interests with Japan’s Free and Open Indo-Pacific strategy offering an alternative vision to China’s One Belt, One Road.
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