“I am confident that through these shared and coordinated efforts, we will be able to deal with these situations more effectively,” the PM said, noting that an inter-ministerial group is already meeting regularly to monitor developments and address emerging challenges arising from the situation.Seven panels comprising senior officials from various ministries and departments have been tasked with identifying risks and formulating short, medium and long-term strategies in a time-bound manner.Their mandate includes assessing vulnerabilities in energy supply and pricing, ensuring the adequacy of strategic reserves, and taking steps to manage price volatility and prevent supply disruptions. They will also examine potential disruptions to shipping routes and ports to aviation corridors and critical imports and recommend pre-emptive measures.The groups are expected to explore alternative sources of imports to reduce dependence on any one sector while keeping a close eye on domestic availability and price stability of essential commodities including food, fertilizers and fuel.During the pandemic, the government had set up 11 such empowered groups comprising officials and experts to take quick decisions and ensure coordination between the Center and states. Anticipating prolonged disruption, Modi said the adverse impact of the conflict could last for a long time. “But I assure people that the government remains alert and proactive, and is taking every necessary decision seriously.”