Friday 26 Apr, 2024 08:56 AM
Site map | Locate Us | Login
   BHEL appoints Koppu Sadashiv Murthy as CFO    IndusInd Bank Q4 PAT rises 15% YoY to Rs 2,347 cr    Tech Mahindra Q4 PAT climbs 29% QoQ; declares dividend of Rs 28/ share    Laurus Labs slides after Q4 PAT tumbles 26% YoY to 76 cr    ACC records four-fold jump in Q4 PAT to Rs 945 cr    Vedanta PAT slides 27% YoY to Rs 1,369 cr in Q4 FY24    Inox Wind hits record high as board OKs 3:1 bonus issue    Glenmark Life drops after Q4 PAT slides 33% YoY to Rs 98 cr; Generic API biz down 8% YoY    Kotak Mahindra Bank Ltd leads losers in 'A' group    H G Infra soars on entry in energy, green hydrogen segment    Avantel Ltd leads losers in 'B' group    Tata Tele slides as net loss widens to Rs 309 cr in Q4    AU SFB slides after Q4 PAT drops 13% YoY to Rs 371 cr    Volumes jump at Sun Pharma Advanced Research Company Ltd counter    Consumer goods shares slide 
Saravan Stocks
       
Economy News
News on Indian Economy and Sectors, which have impacts in the market.
Govt Aims To Expand Domestic Ethanol Industry To Rs 2 Lakh Crore: Nitin Gadkari
11-Oct-21   12:21 Hrs IST

Mr Nitin Gadkari, Minister of Road Transport and Highways, Govt of India said that in order to reduce pollution levels in the country, the Government is aiming at an INR 2 lakh crore ethanol economy from its present size of INR 20,000 crore as the development of an extensive ethanol industry would mean new markets for the country's biomass and agriculture sector. Mr Gadkari highlighted that the flex-fuel vehicles will play a crucial role to decarbonize the transport sector, making it sustainable for the environment, economy, and ecology.

We are going to make it compulsory for all vehicle manufacturers to make flex-fuel engines that can run on more than one fuel to reduce pollution, said Mr Gadkari. The Minister also cited examples of Brazil, Canada, and the USA, where most automobile companies manufacture flex-fuel engines. We will tap into the strength of the agriculture sector to produce energy and power. The production of bio-CNG from agricultural waste will solve the crisis of air pollution. We also want to promote the use of green hydrogen, which can help us accomplish the zero-carbon emission mission, he said.

He further said that the government intends to have electric vehicle sales penetration of 30 per cent for private cars, 70 per cent for commercial vehicles, 40 per cent for buses and 80 per cent for two and three-wheelers by 2030. Mr Gadkari noted that there is a substantial response seen in the domestic market for electric vehicles like electric rickshaws, cars, scooters, and electric bicycles. The Minister emphasised that, simultaneously, research on developing high-efficiency batteries and EV components is the need of the hour.

To encourage electric vehicle, battery-operated vehicles have been exempted from payment of fees for issue of renewal of registration and new registration mark he added. India, the minister said has made significant progress towards improving green energy access over the last decade and the government plans to shift public transportation to clean energy sources. The generation of bio-CNG from agriculture waste will solve the problem of air pollution caused by the burning of agricultural waste in the field, he said. The Ministry, said Mr Gadkari, aims at developing efficient and affordable public transport systems such as metro rail, rapid rail transit, intercity bus services and monorail.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 32143313
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL WEALTH Pvt. Ltd