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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.

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.

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“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.

State of hotel infrastructure

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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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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”

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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”

Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.

Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.

Reacting to her films’ box office failure, Kangana Ranaut

Kangana responded to a question about her career, stating that she has never had a flop. She compared Shah Rukh Khan’s films to Pathaan, Queen, and Manikarnika, noting that if she had a flop in Emergency, it would be a big hit. Kangana compared her career to Shah Rukh Khan, who had consecutive flops for ten years. She also mentioned that she had not had a single hit for 7-8 years before Queen, but after that, she had a few good movies.

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No stars from OTT?

The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.

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