West Asia crisis: Govt forms group to monitor geopolitical impact on trade
CBSE postpones March 5 & 6 Class X, XII exams in West Asia
Union Commerce and Industry Minister Piyush Goyal on Tuesday said the government had created an Inter-Ministerial Group (IMG) for Supply Chain Resilience to ensure effective coordination, monitoring and follow-up on the emerging geopolitical situation and its potential impact on the country’s exports and imports.
In a post on X, Goyal wrote, “Today, a consultation meeting was held with all stakeholder ministries, key logistics and trade facilitation partners to review the emerging geopolitical situation and its potential impact on India’s exports and imports.”
He said the Modi government’s readiness to facilitate trade operations was reiterated through measures such as procedural flexibility in export-related authorisations, coordination with Customs and Port authorities to ensure smooth clearance and engagement with financial and insurance institutions to safeguard exporter interests.
Goyal added that the IMG comprised members from the Department of Financial Services, Ministry of External Affairs, Ministry of Shipping, Ports and Waterways, Ministry of Petroleum and Natural Gas, and the Central Board of Indirect Taxes and Customs, to ensure effective coordination and monitoring.
“The government remains firmly committed to enabling a stable and responsive trade environment for our traders and exporters, safeguarding their interests and ensuring seamless operations,” he said.
Meanwhile, the Central Board of Secondary Education (CBSE) on Tuesday postponed the Classes 10 and 12 board exams scheduled for March 5 and 6 in West Asia amid the Iran-Israel conflict, officials said.
