Burning Lanka ... Vinit Vartak ©

 Burning Lanka ... Vinit Vartak ©

Today is Hanuman Jayanti. Hanuman, who had gone as a messenger with the message of Lord Rama, was insulted by Lankadhish Ravana and his tail was set on fire. We have read many times in Ramayana that Hanuman burnt the golden Lanka with the same burning tail. But today, after so many years, the same Lanka is burning with economic flames due to the dynasty of Kali Yuga. At that time, it was Ravana who was in charge of Sri Lanka and his actions. The Rajapaksa dynasty, which has ruled Sri Lanka for the last 15 years, is responsible for today's situation. What exactly is the situation in Sri Lanka? How did this time come to them today? What will happen next? And it is important to know what India needs to learn from this.

We will consider your home to understand exactly what is going on in Sri Lanka. Suppose you took loan for a home. Home loans, car loans, personal loans and other loans that will enable you to live a better life and gain a place in society. But in reality, all the money you took was spent on your hobby without spending on that item. Suppose the same money was used for gambling and partying. So, due to the loan taken, we became indebted, but we could not fulfill the purpose for which we took it. Now the debt piled up so much that your debt installment figure is bigger than your income. During this time we lost our jobs. Then you started realizing the problem of money. If you want to repay the loan in such a difficult time, you have to borrow more. But lenders will be four hands away from you in such a difficult financial situation. There are two ways to get a loan at a lower interest rate from your friends and relatives, or to repay a loan, or to mortgage your belongings, even your house or yourself. Because when the chances of getting the money back are low, the lender will ask for something to pledge. If you want to recover from this situation, you have to do your financial planning very properly. You need to get a good job and a good salary. Only then can we endure, otherwise our destruction is inevitable. This is exactly the situation that Sri Lanka is in today.

In 2005, the rajapakshe family was established in Sri Lanka. From democracy, it was the people who gave the keys of power to the royal family. For this, they did not have to make such an appeal as they get their father's word or someone's last name or face like grandparents. But the people blindly believed in the dynasty. Sri Lanka is enjoying its fruits today. The rajapakshe family began to use Sri Lanka for their own selfish ends. Since 2010, huge loans have been taken from all financial institutions like World Bank, Asian Development Bank, developed and neighboring countries like India, Japan, China. In fact, the money was systematically credited to each member of the household. Sri Lanka's total GDP 70% share of the royal family alone. This shows how much corruption has taken place. In it, policies were drawn up for their own benefit rather than for the country. Sri Lanka is the epitome of how the country can be awaited when it falls into the hands of people who have no idea what is going to happen next economically, politically or in the future.

When you import more than you export, your fiscal deficit widens. This naturally affects your currency. Your currency is weaker than other currencies. You have to pay more for one dollar. Naturally, the price of that commodity is increasing in the domestic market. As the prices of essential commodities rise, so does the rate of inflation. Poverty is on the rise in the country. There was a shortage of goods. The speed at which Sri Lanka borrowed. At the same rate, this vicious cycle began to grow. Debt piled up and foreign exchange reserves needed to buy goods from abroad were almost depleted. Now the situation is such that the country has no money left to buy the necessities of life. The country is facing shortage of petrol, diesel, sugar, milk, rice and paper. It was a decision taken without any further thought, such as the inexplicable decision to use organic farming without any use of fertilizer in agriculture which brought the entire agricultural system of the country to a standstill. Forcing the farmers in this manner has adversely affected the rice, sugar and all other crops grown in the country. Due to declining domestic production, Sri Lanka had to import these items from abroad. Its financial burden fell on their foreign currency.

The Rajapaksa dynasty has systematically made its way to Sri Lanka. Even so, their lust for power is still there. There are many leaders in India who are dreaming of becoming the Prime Minister of India, regardless of age or body. But it is clear that the lust for power and the tide of money can take a country to the abyss. Sri Lanka currently has two options. One is to accept the territoriality of a country. Because in such a bad situation, if someone gives a loan, that country can assert its right over many things and gain indirect control over the affairs of the country. Sri Lanka has experienced this before with China. But once again, Sri Lanka is preparing to fall into China's trap. This is not the fault of China but of the corrupt political leaders in charge of Sri Lanka. For their own benefit, they have already thrown a port of the country into China's throat. It doesn't matter if he leaves the country now. Another option is the IMF. To borrow from But there are difficult conditions. Because the IMF depends on how you use the borrowed money. That is to say, the major countries in Europe are somehow in control. When it comes to borrowing, the IMF has to account for every penny in the loan and where to invest it. The permission of has to be accepted through conditions. This simply means that every expense in your household will be indirectly controlled by an outsider in a way that will be difficult for Sri Lanka and its politicians to accept.

India has promised help of 1.9 billion in credit lines and 500 million in fuel aid to Sri Lanka so that it does not fall into China's trap. But China owes Sri Lanka almost 3.5 billion dollar. Which accounts for more than 10% of the total debt. India has just send rice. Important items like sugar and wheat have also been sent to Sri Lanka. But in any case, it is up to the Sri Lankan leadership to decide what to do. So India is giving as much help and advice as it can, but a lot depends on what the burning Lanka decides. In a way, India has made it clear that it is more determined to help its neighbor than China, without pursuing an expansionist policy. But it is difficult to say at this time how much the greed for money has affected the rajapakshe family that has taken Sri Lanka to the brink of extinction in the last 15 years. 

Today, the general public in Sri Lanka is fleeing inflation. Sri Lanka's economy is in a state of complete collapse. The people are protesting against the Sri Lankan government. Violence is being used to crush it. Thousands of Sri Lankan Tamil refugees are flocking to India. But even in such a situation, will the eyes of the Rajapaksa, who is ruining the country with the skin of a rhinoceros, be opened? This is a big question. India has a lot to learn from this.There are many examples of how a single family in India has shattered the country's identity, people, economic and international relations, as well as social harmony. That is why this scourge of dynasticism must be stopped in time, otherwise it will not take long for the Sri Lankan fire to reach India.

Jai Hind !!!

Footnote: - The opinions expressed above are my own. Understand if you agree and leave if you disagree. I'm not saying they're right. So please don't argue with that.

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