Middle East crisis: Rajnath Singh to head inter-ministerial group to monitor conflict-related issues. india news
New Delhi: Union Minister -Rajnath Singh Set to lead an inter-ministerial group to monitor issues arising from the ongoing conflict in the Middle East.According to ANI sources, while Rajnath will lead, the group will include other ministers including Union Home Minister Amit Shah, Union Finance Minister Nirmala Sitharaman and Union Petroleum Minister Hardeep Singh Puri.This comes at a time when concerns are rising over energy security, domestic LPG supply and disruption to the overall global order. Earlier this week, PM Narendra Modi Announced the creation of seven empowered groups to evaluate the impacts of the ongoing military conflict on energy supplies, essential commodities and supply chains in West Asia and formulate strategies to mitigate its impact on the Indian economy.Speaking in the Rajya Sabha, the Prime Minister said the conflict has destabilized economies around the world and warned that it will take time to recover from the disruptions. Taking lessons from the government’s response during the COVID-19 pandemic, he said the groups will act as rapid response teams, focusing on critical sectors including petrol and diesel, fertiliser, gas, supply chain and inflation.Meanwhile, especially on fuel supplies, the government has imposed export duty on diesel and turbine fuel with an aim to improve the availability of these products in the domestic market, the CBIC chairman said on Friday. Meanwhile, the government earlier in the day also reduced special excise duty on petrol and diesel to address low realizations by oil marketing companies (OMCs). The move was said to be aimed at providing relief to consumers, with officials indicating that retail prices of key fuels would remain unchanged.Read more: Government imposes export duty on diesel, turbine oil; Eye on collection of Rs 1,500 crore
