Fentanyl: A Powerful but Dangerous Drug Fentanyl is a powerful synthetic opioid drug that is often used to treat severe pain. It is a Schedule II controlled substance, which means that it has a high potential for abuse and dependence. Despite its effectiveness in treating pain, fentanyl can be extremely dangerous and even deadly if used improperly. Uses of Fentanyl Fentanyl is primarily used to manage severe pain, particularly in patients who are undergoing surgery or who are experiencing chronic pain due to cancer or other serious medical conditions. It can also be used as a part of anesthesia for surgical procedures. Fentanyl is available in several different forms, including transdermal patches, lozenges, and injectable solutions. Demerits of Fentanyl The main danger of fentanyl is its potential for abuse and overdose. Fentanyl is a highly potent drug, up to 100 times more potent than morphine. It can cause a rapid onset of sedation, respiratory depression, and even coma or dea...
Srilanka Crisis 2022
Back drop
Srilanka gained its independence from British power in 1948. And was doing well in terms of economic and social indicators.
But during 1970s, the situation went under change; armed revolt was seen against the government which was consider to be pro USSR.
In year 1977, a new government was seen at Srilanka which was tilled towards western world.
During the period of 1970s, Srilanka adopted the Economic liberalisation in line with IMF and World Bank model - leading to deregulation, privatisation and opening the market for international players. This led to failure of local players and especially the local farmers.
As per the data’s available, the economy fall was seen during 1970-80s. As the economy was not unpredictable, IMF suggested Structural Adjustment Program to Srilanka; leading to loan supplies for bringing back economy on track.
During 1980s, the nation saw a civil war that lasted for nearly 25 years. Making the nation suffer worst in terms of economic growth.
After the war, economy saw a rise for nearly 5 years. Soon, the fall of economy was seen due to lack of proper industrialisation and poor settlement of local markets.
Srilanka heavily depend upon Tea, Rubber and Garment industry which was gift from colonial era. But due to fall in global commodity demand these industries also suffered a lot. Due to poor export advantage and policies, current account deficit went up high for successive years.
Soon, IMF came to rescue of Srilanka with wide range of conditions. The ruling government agreed to it as it was benefiting the government but those policies were harming the inhabitants a lot.
Why Now ??
Year 2019, Rajapaksha family came into power and thus began the hunting crisis.
1. 2019 bombing killed 300+ peoples, resulting to fall of foreign tourists
2. 2020 Covid19, world-wide halt in tourism industry.
3. Bad move of cutting tax (VAT from 15 to 8 percent) resulting to fall in govt earning.
4. Ban on import of fertilizers (switch to organic farming)
5. Pro Dragon policies
6. Heavily dependence on external borrowings
The economy was earning its major share from tourism sector, but fall in tourism sector led to depleting foreign exchange.
The ban in fertilizer resulted to poor crop production; even the nation wasn’t self-sufficient. Prise rise was seen, CAD deficit and external debt became a major concern for the nation.
Finally, Srilanka was declared itself Bankrupt, unable to pay 51 billion debt.
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