Bhanuka Rajapaksa takes Sri Lanka to 154/6 vs Australia after mid-innings collapse
Dubai, Oct 28: Mitchell Starc bowled the "ball of the tournament" as Australia engineered a mid-innings collapse but couldn't stop Sri Lanka from posting a decent 154 for 6 in a group league match of the ICC T20 World Cup here on Thursday.
Starc (2/27 in 4 overs) bowled a brilliant comeback delivery in the form of a vicious inswinging yorker after being hit for a six which saw the end of Kusal Perera (35 off 25 balls) as Sri Lanka lost four quick wickets for 16 runs to slump to 94 for 5 from a relatively strong 78 for 1 in little under three overs.
Bhanuka Rakaspaksa (33 not out off 26 balls), then launched into Australian attack's weak-link Marcus Stoinis (0/35 in 3 overs) to get Sri Lanka somewhat back on track which looked improbable after Starc's second spell.
However Perera and last match's hero Charith Asalanka (35 off 27 balls) added 63 runs in little over seven overs to set up the platform.
Asalanka was the first to get off the blocks when he slog-swept Glenn Maxwell over deep mid-wicket for a six and also swept behind square for a boundary. He then got another four off Josh Hazlewood's bowling before Perera also joined the fun.
He smacked Starc for a six over long-on in his signature typical 'Sanath Jayasuriya style' but the left-arm speedster then bowled one that jagged back late and landed in the blockhole at a good pace. Perera couldn't even bring his bat down before it disturbed the stumps.
Before that, Asalanka had been dismissed by leg-spinner Adam Zampa, who easily was the most influential bowler on a good batting track with astounding figures of 2/12 in 4 overs. He bowled 12 dot balls which is equivalent to two overs without a single run being scored.
It was because of Zampa that Sri Lanka despite some great shots in between didn't get the requisite momentum during the those middle overs.
Add to it he and Starc shared the spoils to make it difficult for opposition batters. It was Rajapaksa's four boundaries and a six that lent muscle to their score in the end.
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India should create strategic buffers to navigate 'most difficult' energy shock: CEA Nageswaran
New Delhi (PTI): Chief Economic Advisor V Anantha Nageswaran on Saturday said India needs to create strategic buffers in the face of the "most difficult" energy shock that the country is facing amid the West Asia crisis.
Nageswaran also said the rising prices of fertiliser and petroleum products globally due to the crisis will make it challenging to achieve the 4.3 per cent fiscal deficit target for the current fiscal, while below normal monsoon and pass-through of higher energy prices could lead to "potential inflation spike".
He also said India has employment challenge emanating from AI, and there is a need to ensure that IT sector becomes more competitive and not lose jobs to AI, and instead create jobs that use AI within the IT sector or in other services.
Speaking at the ICPP Growth Conference organised by the Ashoka University, Nageswaran said the current account deficit (CAD) in the current fiscal could rise to over 2 per cent of GDP, from less than 1 per cent in FY'26.
"The ... priority for us is to create strategic buffers. This energy shock is the most difficult one compared to any other previous energy shock in terms of energy lost as a percentage of total global energy supply, not just oil, including gas.
"And we also need to use this occasion to think about other areas where we are vulnerable in terms of import dependence, nickel, tin, and copper. We need to build strategic buffers if we have to make a shot at manufacturing and becoming indispensable," Nageswaran said.
Since the beginning of the war in West Asia on February 28, crude oil prices soared to a four-year high of USD 126 per barrel on Thursday, from about USD 73 level before the war.
Stating that geopolitics will compel policymakers to be nimble and flexible and shed old model of thinking, Nageswaran said India is better prepared than many other countries to deal with the crisis because of the fiscal leeway that the country has due to lowering of fiscal deficit ratio to 4.4 per cent of GDP in FY'26.
Nageswaran said the West Asia conflict is more of a price shock than supply shock for India as the government is managing the supply side deftly.
"This particular conflict, which is going to be on a low simmer or a high flame situation, whatever it is, it is going to be there with us in some form or the other because the military conflict may be over, but the strategic conflict is well and truly alive. It will be so for some time," Nageswaran said.
He said the conflict has four channels of shock: price and supply shock, trade impact, sticky logistics costs and remittance shock.
India imports 60 per cent of its LPG usage and of that, 90 per cent flows through the now closed Strait of Hormuz.
Nageswaran said the pass-through of high global energy prices would have to be a "balancing act". He said some pass-through is already happening in commercial LPG, and the levy of export duty on diesel and ATF.
The government has cut excise duty on petrol and diesel to shield customers from the impact of the rise in petroleum prices. "We are coming around to arriving at a certain modus vivendi with respect to burden-sharing between the fiscal policy side, inflation, households and the oil marketing companies. So it has to be a balancing act," Nageswaran said.
