Almost a year back the crude oil was trading at roughly 103 USD per barrel at international commodity exchanges, now it is trading roughly at 42 USD per barrel with some variations; WTI crude oil was trading on Friday at 42.56 USD a barrel and Bent Crude oil was trading at 47.56 USD a barrel the same day. This is a huge drop in the earnings of those nations whose main source of income is the export of oil and such also include countries like Saudi Arabia.
Brent Scowcroft who was national security adviser to Presidents Gerald Ford and George H W Bush while expressing his opinion in the Washington Post over nuclear deal with Iran writes, 'If the United States could have handed Iran a "take it or leave it" agreement, the terms doubtless would have been more onerous on Iran. But negotiated agreements, the only ones that get signed in times of peace, are compromises by definition. It is what President Reagan did with the Soviet Union on arms control; it is what President Nixon did with China.
The United Nations Security Council (UNSC) very recently passed a resolution calling for an end to Syrian crisis through political means. The resolution unanimously approved by all 15 members of the UNSC called for strengthening peace process by promoting dialogue among the various stakeholders who can be consulted by the international community.
One rank, one pension (OROP) for Indian military personnel. I thought, I would never write about it, but seeing the attention that it is gaining in the media and in public debates, I am compelled to add a few sentences of my own to this hot issue. Prime Minister Modi did not promise OROP to defense personnel in his Independence Day speech this year, though he emphasized that the government has agreed in principle to implement it.