Parliamentary Panel Urges Strategic Energy Framework and FDI Reforms to Mitigate Oil Shock

A parliamentary panel led by BJP leader Bhartruhari Mahtab has recommended that India's Department of Economic Affairs develop a strategic energy mitigation framework to shield the economy from oil shocks and ensure long-term stability. The panel emphasized the need for a coordinated national strategy to secure diversified international supply chains for critical minerals like lithium and cobalt, vital for emerging sectors such as renewable energy and electric mobility. It also urged streamlining the FDI regulatory framework with sector-specific incentives to attract institutional investment amid global volatility.