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India, Sri Lanka finalise four-point package for economic cooperation

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India, Sri Lanka finalise four-point package for economic cooperation

India and Sri Lanka have formulated a four-point plan, including credit lines and currency swap arrangements for food and drug imports, to deepen economic cooperation and help the island country cope with economic problems.

The package was finalized at two meetings between Sri Lanka’s Finance Minister Basil Rajapaksa, India’s Finance Minister Nirmala Sitharaman, and Foreign Minister S Jaishankar, who visited on Wednesday and Thursday.

This is Rajapaksa’s first visit since he took office in July.

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In a statement issued by the Sri Lanka High Commission at the end of Rajapaksa’s visit on Thursday, the two sides discussed the four pillars of short- and medium-term cooperation.

These include an emergency food and health and safety package plan, which envisages India to expand credit lines to cover Sri Lanka’s imports of food, medicine and other necessities. The energy security package will include credit lines that include imports of fuel from India, and the Trincomalee oil depot. Early modernization. The package also includes the provision of currency swaps to help Sri Lanka solve the current balance of payments problems, and to promote India’s investment in different sectors in Sri Lanka. The statement stated that it will contribute to the promotion of growth and employment expansion. The two parties further agreed that the way to realize this plan would be “finalized as soon as possible within a mutually agreed timetable,” the statement said.

Rajapaksa and Sitharaman and Jaishankar “agreed to open a direct communication channel” and have direct and regular contact with each other to coordinate this initiative.

People familiar with the matter said on the condition of anonymity that both Sitharaman and Jaishankar participated in two rounds of discussions with Rajapaksa, which was of great significance. They said this reflects the importance that India attaches to its relations with Sri Lanka.

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People familiar with the matter said that Sri Lanka’s first US$1 billion bilateral currency swap request in 2020 did not appear in recent discussions. The currency swap provided to Sri Lanka is expected to be carried out under the South Asian Association for Regional Cooperation (Saarc) mechanism and is worth 400 million U.S. dollars.

The relationship between New Delhi and Colombo took a hit earlier this year when Sri Lanka cancelled the 2019 agreement with India and Japan to operate the East Container Terminal at the port of Colombo, angering the two countries.

In October, the state-owned Sri Lanka Port Authority (SLPA) signed an agreement with the Adani Group of India to develop and operate the western container terminal at the Port of Colombo.

Adani Group and its local partner, John Keells Holdings, will jointly own 85% of the Western Container Terminal, giving India a much-needed strategic presence in the Port of Colombo, where nearly 70% of its business involves cargo destined for India.

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News Source : Hindustan Times

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Kunal Kemmu Reveals Crucial, Heartbreaking Struggle of Being Jobless

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Kunal Kemmu Reveals Crucial, Heartbreaking Struggle of Being Jobless

The glamour and glamour of Bollywood can mislead us to the hard, cold reality that lies behind the velvet curtains. We see the flashing cameras, beautiful attire, and thunderous ovation, but we rarely see a gifted artist’s quiet anguish as he waits for the phone call.

Recently, the immensely adaptable Kunal Kemmu shattered this shiny façade by revealing a terribly difficult period in his career. Despite his established acting talent and irresistible charm, the actor disclosed a heartbreaking truth that many in the creative business covertly face.

He openly discussed being unemployed for six months to a year. This devastating revelation serves as a sharp reminder that in the entertainment industry, success is dangerously transitory and rejection is an ever-present shadow.

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The Toxic Illusion of Industry Advice

When a picture fails to do well at the box office, the implications for an actor can be swift and severe. Kunal Kemmu described how a single project’s failure entirely halted his momentum, severing a blossoming career and leaving him stuck at home.

During this dark and alienating era, well-meaning strangers and business insiders raced to offer him advice. However, the nature of this advise emphasises the superficial, performance mentality that pervades the entertainment industry.

Instead of being told to improve his skills or patiently wait for a story that matched his talent, he was subjected to odd societal demands. People sincerely recommended him to hire aggressive public relations personnel, hold lavish parties, network tirelessly, and give expensive presents to key persons in order to remain relevant.


Rejecting the Performative Circus

For an actor who has always prioritised depth above theatrics, this trite counsel felt completely out of place. Kunal Kemmu said that, while such transactional approaches may work for some people, they do not accord with his underlying principles.

The strain to play an off-camera role can be just as stressful as presenting a complex character on stage. Kunal chose not to participate in the superficial lifestyle of mailing gifts or throwing fictitious gatherings only to get a film role.

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Instead of feeding a frantic public relations narrative, he chose to maintain his personal dignity while emphasising his artistic ability. This modest disregard of industry standards demonstrates the enormous mental strength required to endure the unpredictable nature of Indian cinema.


The psychological toll of being creative while unemployed is a significant problem that few celebrities openly mention. Kunal Kemmu did not hold back while recounting the extreme uneasiness and paralysing worry that overwhelmed him throughout his year-long forced leave.

When you are entirely out of employment, a corrosive loop of self-doubt will inevitably take over your head. The actor admitted to continually worrying if he’d ever get the opportunity to appear in front of a camera again.

This great vulnerability reveals a universal reality about the performing profession. Whether you are a famous superstar or a struggling newbie, the frightening unpredictability of the entertainment industry spares no one.

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The Actor’s Ultimate Dilemma

Aside from the emotional discomfort, a protracted lack of work throws an artist into a corner, posing a significant ethical quandary. Actors are constantly torn between waiting for high-quality scripts and accepting substandard assignments solely for financial survival.

Kunal Kemmu acknowledged the agonising struggle that most creative professionals undergo at certain stages in their careers. The fear of being forgotten by the public drives many artists to make significant compromises to their artistic integrity.

It takes a lot of patience and self-belief to say no to subpar job when your calendar is empty. Kunal’s tale demonstrates that following your intuition can be extremely painful but eventually beneficial.


Embracing the Ever-Changing Acts of Life

Today, Kunal Kemmu is experiencing a stunning professional renaissance, juggling acting commitments, hosting a major reality program, and celebrating directing success. Nonetheless, he remains delightfully grounded, acutely aware that the current spotlight is not certain to last forever.
Asian Horizon Network

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He sees his career as a long film that unfolds brilliantly through distinct acts, rather than a constant apex. This realistic viewpoint enables him to enjoy his current hectic schedule without getting arrogant or complacent.
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Kunal has brought consolation to other artists who are going through their own silent challenges by revealing his difficult period of unemployment. His narrative demonstrates that genuine genius does not require transactional gifts or contrived parties to achieve its proper position in the light.


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