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A senior auto industry executive told me the ideal scenario for India would be a 'baseline' of E20 petrol, with consumers free to choose higher or lower blends.
Just because India's increased oil imports proved beneficial after Russia-Ukraine war doesn't mean Modi govt should continue with it. Israel-Hamas conflict could hurt us now.
Ethanol plant in Panipat will process 2.1 lakh metric tonnes of dry rice straw each year to make 3 crore litres of ethanol which will be blended with petrol and sold.
The govt said the rise would boost supplies and help sugar companies to pay their dues to farmers. India also wants to double ethanol blending with gasoline.
Any major diversion of corn usage towards ethanol production would severely impact India's poultry sector. Modi govt's target of E20 by 2025 needs 2G biofuels.
Concerns range from whether existing vehicles would be E20 compliant, loss in fuel efficiency & whether India has capacity to maintain a consistent ethanol supply.
Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
After lapses exposed by terror attacks at Pahalgam and Delhi's Red Fort, Centre has hiked Intelligence Bureau's expenditure for investments in long-term assets from Rs 257 cr to Rs 2,549 cr.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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