March 5, 2022
1 min read

India monitoring effects of Russia-Ukraine crisis on exim trade

She also said the government is aware that the conflict between Russia and Ukraine may have an impact on imports of edible oil and other items…reports Asian Lite News

Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of war between Russia and Ukraine on India’s Exim trade.

Interacting with the industrialists and businessmen here, she said that the Centre is closing monitoring the situation as it is worried about the impact of the war on Indian exports and imports.

Sitharaman said she would be in a position to comment only after a complete assessment of the situation is made by different ministries.

She also said the government is aware that the conflict between Russia and Ukraine may have an impact on imports of edible oil and other items.

At the post budget conclave, she said the Government led by Prime Minister Narendra Modi has been taking various measures to empower women since 2014.

“We wanted to free women from the hardships of kitchen, hence we launched free LPG scheme, we wanted to ease their burden of bringing water from far-away places, hence we launched Jal Jeevan scheme with assured supply, we wanted to protect their dignity and improve their health, hence we launched toilets at all houses scheme,” she said.

Sitharaman said last year’s budget was aimed at coming out of the impact of the pandemic.

“There were Covid cases then and vaccination had just started. We didn’t know the second wave was coming. But still, we had necessary announcements in last year’s budget,” she said.

According to her, the government is focusing on the next 25 years of Amrit Kaal, when India celebrates its 100th year of independence.

ALSO READ-ASUS launches 2-in-1 Vivobook laptop in India

Previous Story

FATF retains Pakistan on ‘grey list’

Next Story

Russia declares partial ceasefire in Ukraine

Latest from Business

‘India’s Digital Hub Ascends’

The event also featured discussions on the Quad Partnership for Cable Connectivity and Resilience, reiterating commitments made during the July 1 Quad Foreign Ministers’ Meeting India’s growing role as a key digital

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities India’s festive season this year is poised to create more

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an
Go toTop

Don't Miss

2+2 discusses bolstering defence, space ties

Extending multi-national cooperation beyond the Indo-Pacific to Europe was also

India’s demand for yellow metal rebounds

Globally gold bar and coin demand remained stable year-on-year at