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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

Celebrity News

Amitabh Bachchan Fan Faints After Hours of Torturous Waiting

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Amitabh Bachchan: Shocking Fan Incident Outside Jalsa

Amitabh Bachchan Fan Faints After Hours of Torturous Waiting

The weekly Sunday rite outside the renowned gates of Jalsa is nothing short of profoundly holy. For decades, thousands of deeply moved admirers have gathered like clockwork, hoping for a single glimpse of the iconic megastar.

Yesterday evening, that fierce commitment took a scary and sad turn. A middle-aged guy, who had been standing patiently in the scorching midday sun for more than four hours, collapsed unexpectedly.

He collapsed totally into profound sleep, landing directly on the harsh, unforgiving asphalt road. The happy, chanting crowd fell silent in an instant as reality hit in.

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A Heartbreaking Moment of Desperation

According to eyewitnesses, this enthusiast travelled across various states for a two-minute glimpse of his idol. His quivering hands clutched a framed vintage photograph of the superstar.

As the searing midday heat reached its zenith, acute dehydration and utter physical fatigue overtook his body. His feeble knees bowed under the crushing weight of his never-ending, frantic wait.

He fell face first to the ground before anyone could react or grab him. The enormous crowd’s collective, frightened gasp boomed over Juhu’s normally peaceful suburban streets.


Sudden Chaos Outside Jalsa’s Gates

Within seconds, total fear spread among the observers. Fellow supporters quickly dropped their homemade banners and posters, coming to the fallen man’s rescue. Someone desperately sprayed cold water upon his pale, sweating face.

The large security crew stationed outside Amitabh Bachchan’s home acted quickly. They were able to remove the rising, panicked crowd, allowing the choking sufferer to breathe easier.

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An emergency ambulance was dispatched immediately, while local volunteers attempted to revive him. In a few startling moments, the atmosphere went from exhilarating exhilaration to total horror.


The Relentless Sunday Evening Madness

Every Sunday evening, the veteran actor gracefully goes onto a high podium at his grand gates. It is a renowned custom that has completely defined Bollywood fan culture over generations.

Passionate admirers will miss meals, risk heavy monsoons, and suffer harsh summer heat waves only to see him wave. It is a profound, emotional bond that defies all reasonable logic.

For this heartbreakingly loyal admirer, the powerful emotional rush combined with severe physical tiredness proved to be a highly perilous, almost lethal combination on the boiling, sweltering concrete.

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Security Personnel Scramble to Prevent Tragedy

Local police officers responded promptly to the chaotic scene, attempting to manage the emotionally charged throng. Medical staff administered quick, vital first aid on the scene, examining his critically weak and decreasing pulse.

The comatose man was gingerly put onto a canvas stretcher, still clutching his prized, sweat-soaked image of the actor. He was sent to a local hospital for emergency treatment.

On-duty medics eventually confirmed that he had severe heatstroke and acute, life-threatening dehydration. Fortunately, his medical condition improved after he received repeated IV infusions and intensive, appropriate care.


A Stark Warning for Star-Worshippers

This terrible, tragic episode has generated a heated, much-needed debate about the extreme limits of celebrity worship in India. Blind passion should never result in the death of an innocent person.

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Jalsa is an undisputed historical monument to love, but yesterday it served as a grim, sobering lesson. Extreme physical endurance for a brief moment can easily result in a catastrophic medical tragedy.

As thousands of passionate individuals continue to flow to Mumbai every day, the fine line between beautiful appreciation and life-threatening devotion becomes increasingly, dangerously blurred for these fragile worshippers.


Terrifying Boundaries of Human Obsession

The burning passion that motivates these ordinary folks to risk their own health is both wonderful and scary. It emphasises the megastar’s immense, godlike influence over millions of hearts.

While the legendary actor continues to express love to his devoted fans, this dangerous occurrence demonstrates that safety should always come first. No fan should have to bleed or faint on the street in order to catch a passing shadow.

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