On early September this year, the Cabinet Committee of Economic Affairs, headed by the Prime Minister, has approved the hike of the procurement prices of ethanol. This move comes amidst the crisis of sugar surplus and increasing tensions between Iran and the US.
This move is of significance as the high prices are being offered for the procurement of ethanol that is manufactured from all the sugarcane-based routes including the partial sugarcane juice routes. This move has also, for the first time, has allowed the use of sugar and sugar syrup for the ethanol production.
The world is currently facing high fuel prices due to the brewing tensions in the Middle East. India must take all steps necessary to reduce the oil consumption to reduce the dependence on oil imports. The promotion of ethanol manufacturing to increase its production is a need of the hour.
Reading Time:4mins The ambitious Pradhan Mantri Sahaj Bijli Har Ghar Yojana, better known as “Saubhagya” scheme, for universal household electrification is all set to achieve its goal soon with only about 28,000 households left to be electrified all over the country. On the other hand, criticisms have been pouring across the country regarding the scheme’s inability to solve some of the grey areas in the power sector.
Reading Time:6mins National Bio-fuel Policy – 2018 seems to be chasing ambitious targets based on unclear plans and questionable technologies. Moreover, the pollution levels and fuel prices are only rising and our biofuels programme is becoming irrelevant because of the lack of effective implementation.
Reading Time:5mins Ujwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for the electricity distribution companies of India (DISCOMS). It was launched with an aim to find a permanent solution to the financial struggle of the power distribution companies. However, even after 3 years of its implementation, the discoms continue to perform poorly. Therefore, urgent reforms are needed to address this issue and strengthen the power sector in India.
Reading Time:2mins The government is thinking of a plan to sell LPG blended with methanol, which could facilitate reduction in its cooking gas subsidy by 1/3rd of its current prices. The plan is to manufacture methanol from abundantly available low-quality coal and other bio resources, and also produce it synthetically. The project would be implemented by the NITI Aayog.