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Govt worried about trade with Russia, Ukraine: Nirmala Sitharaman

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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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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

In conversation with Hindustan Times, Teja Sajja decodes the success of HanuMan and other Telugu films, talks about his upcoming projects, and more.
When Prasanth Varma’s superhero film HanuMan, starring Teja Sajja, was announced to be released alongside big films like Mahesh Babu’s Guntur Kaaram, Venkatesh’s Saindhav and Nagarjuna’s Naa Saami Ranga in January this year, no one expected the underdog to emerge on top. And yet, the film, made on a budget of under ₹50 crore, managed to collect over ₹300 crore at the box office worldwide in 25 days, becoming one of the highest-grossing Indian films for the year. (Also Read: Ranveer Singh met HanuMan actor Teja Sajja, complimented him even after his Prasanth Varma film Rakshas got shelved)

Ask Teja about the moment he realised his film had not just fought against the tide but also risen to the top; he tells Hindustan Times in an exclusive conversation, “Since I returned to acting (as a lead actor after being a child artiste since 1998), this is the moment I’ve been waiting for. When everything from the HanuMan teaser to the songs was grabbing attention, we knew we had hit a gold mine. But I don’t think we imagined it would cross the ₹300 crore threshold. We were so satisfied with the opening numbers; everything else was a bonus.”

‘Success has given me fear of disappointing people’

Teja acted in Zombie Reddy, Ishq and Adbhutham before HanuMan, but they are what you would call ‘critical successes’, adding to his repertoire as an actor who can perform. But things have changed for him now, says Teja, who is being picky about the roles he says yes to. “Success either makes you overconfident or gives you the fear of disappointing people; I have the latter,” he explains.

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Teja admits he wants to chart out his career in Hrithik Roshan’s footsteps, but not in the way you think. “I have such a fondness for Hrithik due to Koi Mil Gaya and Krrish. No matter how well he performed after that, these left a lasting impression on me; I’m sure 90s kids will agree,” he says, adding, “Similarly, I’ve realised that I have an audience in children now. I want to be conscious of that when I pick roles. I want to make films families can enjoy together.”

But despite people in places like Mumbai or Delhi recognising him, Teja says he’s clear that he wants to cater to the Telugu audience first. “I am conscious that I am making films for my playground – the Telugu states. This is the sensibility I have grown up with, and I don’t know if I can cater to everyone else. Will I promote my films in other languages? Sure. But I also can’t be part of films that aren’t authentic to what I know or understand,” he explains.

‘Rootedness has put us on the world map’

And authenticity seems to be the need of the hour. Be it Baahubali and RRR or the recently released Pushpa 2: The Rule, Kalki 2898 AD and Devara: Part 1, certain kind of stories seem to be finding success. “Rootedness and going local is proving to be such a boon for us, be it in Devara or Pushpa or HanuMan. Kalki 2898 AD was our version of a Hollywood film (the sci-fi concept) with actors from across languages in predominant roles; it put us on the world map,” reflects Teja.

However, the actor admits Tollywood went through a phase of Bollywood-inspired rom-coms and family dramas that worked in their favour for a while. “That wasn’t easy to replicate either, but it’s just that these local stories are what the audience seems most interested in now. It can’t just be chalked up to religion, too. It’s about the morals these films are hinged on, the fighting for righteousness, and how an underdog can find their strength. Introducing Mahabharata or Ramayana to a new audience in a cool way is just a perk,” he says.

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And it’s this rootedness that Teja says his next films, Mirai and Jai Hanuman (the sequel to HanuMan), will also have ample of. “Mirai is also a superhero film that caters to kids, but it’s not an origin story like HanuMan. It has a pan-Asian and Buddhist touch because the story is based on King Ashoka’s ideologies. I hope that I will get to deliver something new to the audience again. I will only feel like I’ve arrived if Mirai is equally, if not more, successful,” says Teja.

Rishab Shetty will headline Jai Hanuman, but Teja also looks forward to shooting that. “I can’t wait to be on that set; it’ll be exciting. Now that we know India is ready to watch our films, I want to step it up. I want to shift gears and shoot for at least two films in 2025,” he says. As for what he will do next, Teja says he wants to up the ante. “When I got a SIIMA award for Zombie Reddy as a debutant, I remember telling Prasanth this would be the last award I get. But now that I won a Radio City Cine Award for Best Actor, I hope more awards will follow,” he signs off cheekily.

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