INDIALEAD

Centre forms high-level teams to tackle economic fallout of West Asia crisis

New Delhi, March 24 (IANS) The Centre has constituted seven empowered groups of officials and experts to handle the fallout of the Iran war on specific sectors of the Indian economy, including oil, gas, fertilisers, supply chains, and inflation.

The empowered groups, comprising senior officials from the Prime Minister’s Office and the Cabinet Secretariat, were based on directions from Prime Minister Narendra Modi after the meeting of the Cabinet Committee on Security (CCS) to review the evolving situation arising out of the ongoing West Asia conflict and assess measures to mitigate its impact on India.

The first of the seven empowered committees is focused on strategic issues, including defence, external affairs and public order, with Foreign Secretary Vikram Misri named the convenor of the panel that includes Home Secretary Govind Mohan as well as Defence Secretary Rajesh Kumar Singh.

Department of Economic Affairs Secretary Anuradha Thakur has been appointed convenor of a panel tasked with monitoring the economy, finance and supply chain-related issues, including export and import challenges.

The panel also includes Commerce Secretary Rajesh Agarwal, Financial Services Secretary M Nagaraju, Expenditure Secretary V Vualnam, Labour and Employment Secretary Vandana Gurnani, Heavy Industries Secretary Kamran Rizvi, Micro, Small and Medium Enterprises Secretary SCL Das, and Amardeep Singh Bhatia, secretary in charge of the Department for Promotion of Industry and Internal Trade.

Petroleum and Natural Gas Secretary Neeraj Mittal is the convenor for the third group of secretaries on petroleum, LNG, LPG and Energy matters, which includes the secretaries from the ministries of power, coal and mines, as well as the chiefs of ONGC, IOC and GAIL.

A group to oversee the impact of fertiliser and agriculture inputs has Fertilisers Secretary Rajat Kumar Mishra as convenor, and includes the secretaries in the Departments of Agriculture and Farmers’ Welfare, as well as Agricultural Research and Education. CEOs of fertiliser majors have also been included in the panel to give feedback on the real-time market situation.

Consumer Affairs Secretary Nidhi Khare is the convenor of a panel on prices and essential commodities, which includes representatives from the Departments of Pharmaceuticals, Health and Family Welfare, Animal Husbandry and Dairying, and Agriculture and Farmers’ Welfare.

Ports, Shipping and Waterways Secretary Vijay Kumar is the convenor of an empowered group tasked with transport and logistics-related issues, which includes Civil Aviation Secretary Samir Kumar Sinha, Road Transport and Highways Secretary V Umashankar, and Railway Board chairman and CEO Satish Kumar.

A seventh panel on information, communication and public engagements is convened by Information and Broadcasting Secretary Sanjay Jaju, and includes senior officials from the ministries of petroleum and natural gas, fertilisers, shipping, consumer affairs and external affairs.

The broad terms of reference of the empowered groups include the assessment of risks to energy supplies and pricing, and measures to tackle supply disruptions. Monitoring domestic availability and price stability of essential commodities is also included in the list.

–IANS

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