Govt extends soft-loans for ethanol to non-sugarcane-based distilleries

Move will cost govt Rs 4,573 cr, is a step forward in broader plan to achieve 20 per cent blending with petrol by 2030

To meet the ambitious target of 20 per cent ethanol blending with petrol by 2030 from less than 10 per cent currently, the Union Cabinet today extended the soft loan scheme for capacity expansion to distilleries that use crops other than sugarcane as their feedstock that includes rice, maize, sorghum, wheat, barley, corn and sugar beet.

So far, the soft loan scheme for capacity expansion was available for integrated and standalone distilleries that produced ethanol only from sugarcane. “The total cost to exchequer due to this extension will be around Rs 4,573 crore,” Petroleum Minister Dharmendra Pradhan told reporters after the meeting of the cabinet.

Under the soft loan scheme, Central government gives a subvention of 6 per cent if the rate of interest is 12 per cent or more and if the rate of interest is less than 12 per cent, then it gives a subvention upto 50 per cent of that amount. The scheme will be available even for those sugar mills that want to produce ethanol from both sugarcane and non-sugarcane sources..Read More

Comments

Best Unconventional Workout and Sporting Activities for Summer

In summers, depending upon conditions and circumstances one can incorporate both outdoor and indoor activities in their training schedule. Summer is the season of holidays, picnics, outings and beaches. With travel and binge eating proper workout becomes that much more essential in summers. But with heat and the sun outdoors, an individual has to balance his indoor and outdoor activities to get a fulfilling workout. In summers, depending upon conditions and circumstances one can incorporate both outdoor and indoor activities in their training schedule. Mentioned below are some of the best physical and sporting activities that one can use as a workout to stay fit in the summer season. Beach Sports - If in summers one is going to spend much time on beaches or at a beach destination then one may use beach sporting activities such as beach rugby, beach soccer, beach tennis and beach volleyball to stay fit. All of these sporting activities on sand provide a ...

Mi Notebook Ultra review: Xiaomi energises the boring consumer PC segment

The Mi Notebook Ultra challenges the conventions set by the legacy consumer PC makers by democratising features and specifications usually seen in laptops that cost almost twice as much I was planning to buy a midrange laptop and was amazed to see that every other legacy brand in the consumer PC market had products with similar features and specifications. Blame the oligopoly, but as a consumer I was almost convinced that the product offerings by the legacy PC makers were the best available in the market. And then was released the Mi Notebook Ultra by Chinese technology company Xiaomi. A premium laptop, the Mi Notebook Ultra challenged the conventions set by legacy consumer PC makers by democratising features and specifications usually seen in laptops that cost almost twice as much as the top-end model (review unit – Rs 76,999) on offer here. Starting with the design, the Mi Notebook Ultra boasts a unibody made of series 6 ...

Back in TV studio after release from jail, Arnab dares Maharashtra CM

Goswami also singled out Mumbai police commissioner Param Bir Singh for his ‘illegal’ arrest on November 4 in a 2018 suicide abetment case Back in the familiar environs of the TV newsroom after a week in judicial custody, journalist Arnab Goswami on Wednesday hit out at Maharashtra Chief Minister Uddhav Thackeray for arresting him in a ‘fake’ case. “Uddhav Thackeray, listen to me. You lost. You have been defeated,” said Goswami (47), while being surrounded by visibly relieved colleagues from his Republic TV channel. Soon after his release from Taloja jail near Mumbai around 8.30 pm, Goswami drove to the Lower Parel studio of the channel, of which he is the Editor-in-Chief. Arnab Goswami also singled out Mumbai police commissioner Param Bir Singh for his ‘illegal’ arrest on November 4 in a 2018 suicide abetment case. Goswami said that while in Taloja jail since November 8, he was subjected to three rounds of police interrogation. “Uddhav Thackeray, you arrested me in a...

Budget 2018-19

Search This Blog