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Govt worried about trade with Russia, Ukraine: Nirmala Sitharaman

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3 years ago

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Govt worried about trade with Russia, Ukraine: Nirmala Sitharaman

New Delhi: India’s Finance Minister Nirmala Sitharaman said on Monday that the government is concerned that India’s trade with Russia and Ukraine may be affected by the crisis in the region, adding that the issue is under investigation.

Speaking to business leaders in Chennai, Sitharaman said the government had dealt with the matter, acknowledging that the current geopolitical situation could affect imports of basic commodities such as cooking oil and some fertilizers. India is a major importer of Russian phosphate fertilizers. The minister also said she was also concerned about exports to the region.

“We’re right to be concerned about what’s going on from there, but I’m more concerned about what will happen to our Ukrainian and Russian exporters, which are doing really well, especially in agriculture,” Sitharaman said.

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The minister said the government would conduct a full impact assessment on India’s key exports, including paying for goods already shipped to the region.

“We’re already watching what’s emerging. But I’d have to get a full assessment from the authorities before I can comment. But you can be sure we’ve dealt with quite a bit of it in pellet form because of the impact it has on essentials. , such as edible oil, sunflower oil and some fertilizers from Ukraine,” the minister said.

For phosphate fertilizers, India is completely dependent on imports. Global price spirals or payment difficulties could hurt India. India subsidizes the supply of urea, phosphorus and potash fertilizers to farmers. According to revised estimates, the central government has budgeted more than £1 trillion for total fertilizer subsidies in FY23, compared with £1.4 trillion in FY22.

According to media reports, the Russia-Ukraine crisis has prompted the European Union, the United States, the United Kingdom and Canada to announce a freeze on the assets of the Russian Central Bank and the exclusion of certain Russian banks from the Swift payment system.

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State of hotel infrastructure

Responding to a businessman’s request for hospitality status, Sitharaman said she held meetings with tourism and hospitality officials on industry issues after submitting the union’s budget. The state of infrastructure can improve access to financing for the sector.

“It’s a very attractive subject. I don’t know if I can answer it right away, but I agree. There’s good potential (for the industry). Just four days ago I had a special with the travel industry Meeting, all the secretaries were present. I learned about tourism first, then hospitality. We sat with them.”

Complete News Source : Mint

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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16 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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