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Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
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Sri Lankan economic crisis

SRI - LANKAN ECONOMIC CRISIS

Sri Lanka is currently in the midst of economic crisis where the government of Sri Lanka is running low on foreign currency and as a result has been unable to pay for essential imports leading to power cuts.
•Sri Lanka is now dealing with shortages and soaring inflation.
•President of sri lanka has imposed national public emergency on April ist.
•Sri Lanka has total external debt of $50 billion USD .

REASONS 
•The covid -pandemic
•Russia -Ukraine war
•Drop tourism
•Affected crop production
•Imbalanced economic structure
•International loans
•Misguided economic policy.
•Debt trap
•foreign exchange crisis
•Money printing by central bank


Effects
•Sri lanka devalued it's currency last month with IMF 
•Creation of Budget shortfall
•Deep cut in taxation
•Results in twin deficit -expenditure exceeds income and inadequate production of tradable goods and services .
•Drop in crop of rice because of ban of chemical fertilizers.
•Foreign exchange reserves were inefficient for near term payment of debt.
•Stoked inflation
•crippled public transport
•Emergency lines of credit for importing essentials
•electricity and fuel shortage
•Inflation 17.5%

INTERNATIONAL ASSISTANCE
The president of Sri Lanka has also sought help from China and India assistance on fuel from the India. Sri Lanka and India gave signed $1 billion credit line for importing essentials .
China is considering offering the island nation a $1.5 billion credit facility and separate loan of upto $1 billion

left alternative
•negotiating a programme with IMF.
•restructuring external debt
•bridging finance



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