SRI LANKA’S FINANCE Minister Basil Rajapaksa took home a cheque of $1 billion during his March visit to New Delhi, for purchase of essential commodities. This is in addition to aid given a few months earlier to buy fuel, and foreign exchange. India’s total relief package to the island is already at around $2.5 billion. A substantial amount, no doubt.
India’s aid should go a long way in helping Sri Lanka come out of its economic crisis. But India’s is not the only helping hand out there. China, whose investments in the country are deep, also announced a $500 million urgent relief package, and also extended the payment of previous loans.
China’s entry into the Indian Ocean over the last decade, and its active wooing of countries that traditionally relied on India for their security needs, has unsettled waters. Way back in 2005, Sri Lanka had, with consent from all political factions, affirmed that it would turn to India for its security needs. However, where development assistance was concerned, it would go anywhere where there was money. In today’s scenario, Mr Moneybags is China. “Sri Lanka has been pretty consistent on this front. However, our interpretations may have changed because of changing perceptions,” said N. Sathiya Moorthy, head of the Observer Research Foundation’s Chennai chapter. “China may only be a development partner, yet there is no assurance that China won’t misuse this situation to India’s strategic discomfort.”
هذه القصة مأخوذة من طبعة April 03, 2022 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 03, 2022 من THE WEEK.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
