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India Buys Gold, Buries Past Shame
Burying past shame of 1991, when India had to pledge 67 tons of Gold to Bank of England and Union Bank of Switzerland to raise some $600 million to supplement a poor Foreign Exchange Reserve of $1.2 billion- barely good for three weeks of imports and a default in foreign exchange looming large- India recently purchased 200 tons of gold from IMF at a price of $6.8 billion, a peanut investment compared to present foreign exchange reserve of $285 billion. The background in 1991: With the fall o... more
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UN concerned over Nepal's peace process
UN Office of the High Commissioner for Human Rights (OHCHR) today strongly urged Nepali political forces, including those in government, to ensure that human rights of all individuals are protected. It has called on both Nepal government and Maoist protesters not to resort to any violence since it may jeopardize the very peace process going on since 2006. The OHCHR expressed its concern on the likelihood of violence in the name of Maoist protests and subsequent government actions. However, M... more
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Nato Strategists Puzzled
Mohan Nepali 2 days agoNATO counterinsurgency strategists feel puzzled as five British soldiers stationed in Afghanistan get killed by a trainee Afghan policeman. During eight years of US-NATO rule in Afghanistan, 92 British soldiers have lost their lives this year alone. NATO, after the collapse of Warsaw Pact as well as the Soviet Union, has shown its desire to expand its influence worldwide by accompanying US mil... more
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