Connect with us

World News

Sri Lanka on the verge of bankruptcy as inflation rises to record levels: Report

Published

on

Sri Lanka on the verge of bankruptcy as inflation rises to record levels: Report

Sri Lanka is facing a deepening financial and humanitarian crisis that could lead to its bankruptcy in 2022 as inflation rises to record levels, a media report said.

Earlier, on August 30 last year, the Sri Lanka government declared a national fiscal emergency after a sharp depreciation of the country’s currency caused food prices to soar.

Suhail Guptil wrote in the Colombo Communiqué that for most of the past decade, Sri Lanka has been facing a double deficit, namely a fiscal deficit and a trade deficit. Since 2014, Sri Lanka external debt level has been on an upward trend, reaching 42.6% of GDP in 2019.

Guptil explained that the country’s accumulated external debt in 2019 was estimated at USD 33 billion, placing a huge burden on the country’s debt service.

Advertisement

Sri Lanka’s credit rating has since been downgraded to B from C by a number of credit rating agencies including Standard & Poor’s, Moody’s and Fitch, making it difficult to obtain funding through international sovereign bonds (ISBs), Guptil said.

Sri Lanka’s financial crisis was mainly caused by low growth rates (currently 4%) and huge debt service obligations, and the situation is getting worse.

As of November 2021, available foreign exchange reserves were only US$1.6 billion, while over the next 12 months, the Sri Lankan government and private sector will have to repay about US$7.3 billion in domestic and foreign loans, including US$500 million in international loans. Sovereign bonds to be repaid in January 2022, report says

Complete News Source : Hindustan Times

Advertisement

Hollywood

Review of the spy thriller “Heart of Stone”: Alia Bhatt shines.

Published

on

By

Review of the spy thriller “Heart of Stone”: Alia Bhatt shines.

In a realm where intrigue and suspense collide, Bollywood’s beloved star Alia Bhatt has once again proven her mettle in the enthralling spy thriller “Heart of Stone.” Directed by the visionary Raj Mehta, this cinematic marvel takes audiences on a roller-coaster ride through espionage, deception, and unrelenting action, with Bhatt’s luminous performance at its epicenter.

A Glimpse into the Plot

“Heart of Stone” delves into the shadowy world of espionage, where nothing is as it seems, and allegiances can crumble in an instant. Bhatt’s character, Maya Verma, is a compelling enigma—a resolute intelligence operative navigating a labyrinth of covert operations and intricate deceptions. As the layers of the narrative peel away, Maya finds herself ensnared in a high-stakes game where trust is elusive and danger lurks in every frame.

The Resplendent Alia Bhatt

Advertisement

Alia Bhatt’s portrayal of Maya Verma is nothing short of a revelation. Known for her remarkable versatility, Bhatt imbues Maya with a potent mix of strength and vulnerability. With every expression, every gesture, she breathes life into a character that resonates on both emotional and cerebral levels. Bhatt’s artistry reaches its zenith as Maya grapples with inner demons while outwitting her adversaries—a captivating dance that only an actress of her caliber could orchestrate.

Raj Mehta’s Directorial Panache

Raj Mehta, celebrated for his directorial finesse, orchestrates the tapestry of “Heart of Stone” with masterful precision. Seamlessly weaving heart-thumping action sequences and labyrinthine plot twists, Mehta keeps the audience on the edge of their seats. His meticulous attention to detail manifests in every scene, painting a cinematic canvas that’s as thrilling as it is visually arresting.

Supporting Cast: A Tapestry of Brilliance

Advertisement

The constellation of talent in “Heart of Stone” goes beyond Alia Bhatt. The ensemble cast, featuring Rajkummar Rao, Aditi Rao Hydari, and Vicky Kaushal, contributes to the film’s tapestry with their impeccable performances. The chemistry between the characters adds depth to the narrative, amplifying the emotional resonance and enriching the overall storytelling.

A Symphony of Cinematic Excellence

“Heart of Stone” is an embodiment of cinematic finesse. The film’s production values, from picturesque locations to evocative cinematography, envelop the viewer in a sensory feast. The musical score, composed with an acute understanding of the narrative’s ebbs and flows, elevates the tension and emotions, further ensnaring the audience in the movie’s spellbinding aura.

A Triumph of Genre Fusion

Advertisement

Critics and audiences alike have bestowed “Heart of Stone” with effusive praise for its seamless fusion of espionage, action, and drama. The film’s ingenious plot twists, coupled with Alia Bhatt’s extraordinary performance, thrust it into the echelons of standout espionage thrillers. It’s a symphony of storytelling that resonates long after the credits roll.

In a year replete with cinematic treasures, “Heart of Stone” stands tall as an embodiment of brilliance. Alia Bhatt’s luminosity shines with unparalleled intensity, solidifying her place as one of Bollywood’s brightest stars. This cinematic tour de force is a must-watch, an experience that unearths the magic created when remarkable talent converges to craft an indelible cinematic journey.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

[the_ad id="55117"]

Trending