Sri Lanka looks to India for financial help as crisis grows

by Thusiyan
Apr 26, 2020

Sri Lanka’s central bank will borrow the money from the Reserve Bank of India to boost its gross reserves as part of a US $ 400 million currency swap, as Colombo’s economic crisis continues to grow in the wake of the coronavirus pandemic.

Sri Lanka’s Co-Cabinet spokesperson Information and Communication Minister Bandula Gunawardena confirmed that the cabinet had approved the deal, in a bid to boost foreign reserves.

The move comes as Fitch Ratings downgraded Sri Lanka, stating that Colombo has “large upcoming external debt redemptions and limited foreign-currency (FX) reserves”. “Its reserves are about USD7.2 billion, while the sovereign's external debt payments from May to December 2020 amount to USD3.2 billion, including a USD1.0 billion international sovereign bond payment due in October,” it added.

The World Bank also recently forecast Sri Lanka’s economy to contract by 3% this year.

The turn to Delhi comes after Sri Lanka’s defence secretary vehemently denied reports that Indian troops would be deployed to Sri Lanka to help tackle the coronavirus pandemic.

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Tamil asylum seekers in Australia mark 100 days of continuous protests for permanent visas

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This demonstration, which culminated in a rally and speeches in Punchbowl, highlighted the plight of refugees denied permanent visas for over 12 years. Speakers at the event shed light on the profound impact of the current system, including barriers to higher education, employment, and access to essential services.

The protest has now entered its 100th day, with Tamil asylum seekers and their supporters continuing their relentless demand for permanent protection. For 38 days, they camped outside Australia’s Minister for Home Affairs, Tony Burke’s office in Sydney, calling on the government to end the visa limbo that has left many without basic rights and stability. Tamil asylum seekers have been in Australia for over a decade, living on short-term visas that must be renewed regularly. Without permanent residency, they are excluded from Medicare—Australia’s universal health insurance scheme—and are denied the right to work, study, travel, or access essential services. Many are also required to report to visa offices weekly.

The crisis is compounded by the controversial 'Fast Track' system introduced in 2014 by the Abbott government. According to the Asylum Seeker Resource Centre, this system has resulted in the rejection of around 8,500 asylum seekers' cases. It specifically targets individuals who sought asylum by sea and arrived in Australia between August 13, 2012, and December 31, 2013. Tamil asylum seekers, stuck in visa limbo for years, have launched protests nationwide, with 24-hour encampments in Melbourne, Perth, and Brisbane.

Amaran - Problematic propaganda

amaran

The genre of war epic makes its grand re-entry to Tamil cinema with director Rajkumar Periasamy’s sophomore feature film, ‘Amaran.’ As is often the case with this genre, one cannot help but feel the events of the ‘true story’ onscreen have been heavily modified for easy consumption.

 

 

 

The patriotic military films of Tamil cinema had taken a back seat for a while. The subject matter is now seldom a prominent theme of a film, instead lurking in the shadows peeking through such as via the heroes in the works of Nelson Dilipkumar. The genre of war epic makes its grand re-entry to Tamil cinema with director Rajkumar Periasamy’s sophomore feature film, ‘Amaran.’ As is often the case with this genre, one cannot help but feel the events of the ‘true story’ onscreen have been heavily modified for easy consumption.

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The central performances by Sivakarthikeyan and Sai Pallavi carry the almost three hour film adequately. Despite moments where Sivakarthikeyan lacks the intensity to land highly emotional scenes, the pair deftly share the screen between them, with Pallavi picking up any slack. Another notable performance comes from Geetha Kailasam, a character actor who has featured in many films recently in the role of ‘the mother.’ ‘Amaran’ gives her another opportunity to showcase her own humorous brand of motherhood.

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Krishna's rating: 2.5 stars

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Official trailer for film below.

UN Special Committee finds Israel warfare methods in Gaza consistent with Genocide

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“It is the collective responsibility of every State to stop supporting the assault on Gaza and the apartheid system in the occupied West Bank, including East Jerusalem,” the Committee said.

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(b) Leverage their influence to ensure Israel ceases its policies and practices negatively affecting the human rights of the Palestinian people and other Arabs of the occupied territories;  

(c) Halt all offensive arms transfers, including weapons, explosives, guns and/or ammunition, to Israel;

(d) Hold nationals, including those with dual Israeli citizenship, involved in settler violence or violations in Gaza, accountable for violations of international law;  

(e) Review financial transfer policies that allow religious and charitable organizations to fund activities in Israel, which enable the further sustenance of an apartheid system;  

(f) Support UNRWA politically and financially, including by increasing funding through the United Nations regular budget;  

(g) Protect and ensure respect for human rights in economic activities, including by setting out clear expectations for businesses in terms of responsible conduct consistent with the Guiding Principles on Business and Human Rights, and exercising heightened due diligence when supporting business enterprises;

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(j) Fully cooperate with the International Criminal Court. 

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