Cabinet hikes ethanol worth, approves extension of jute packaging norms


By: Express Web Desk | New Delhi |

Updated: October 29, 2020 3:52:34 pm

Union Minister Prakash Javadekar addresses a press convention on Cabinet choices (PTI)In a string of choices, the Union Cabinet on Thursday authorized a mechanism for procurement of ethanol by public sector oil advertising and marketing firms beneath Ethanol Blended Petrol Programme in addition to extending the norms for necessary packaging of meals grains in jute supplies.
Addressing a press convention, I&B Minister Prakash Javadekar mentioned the value of ethanol for doping in petrol has been raised by 5-Eight per cent. “The move will help farmers get remunerative price while also cutting down oil imports. The move also checks pollution as ethanol is environment-friendly,” Javadekar mentioned. As a lot as 10 per cent ethanol is doped in petrol.
The ethanol procurement season by Oil Marketing Companies (OMCs) will run from December 1, 2020 to November 30, 2021.
The authorities is aiming ethanol manufacturing of over 360 crore litre because it intends to achieve ethanol mixing with petrol of 10 per cent by 2022 and 20 per cent by 2030 beneath the National Biofuel Policy.
The norms for packaging in jute supplies mandates that 100 per cent of the meals grains and 20 per cent of sugar will probably be packed in diversified jute luggage.
Further, the choice additionally mandates that originally 10 per cent of the indents of jute luggage for packing meals grains could be positioned via reverse public sale on the GeM portal. This will steadily usher in a regime of worth discovery.
The approval will profit farmers and staff situated within the Eastern and North Eastern areas of the nation notably within the states of West Bengal, Bihar, Odisha, Assam, Andhra Pradesh, Meghalaya and Tripura.
The Cabinet additionally gave nod for Phase II and Phase III of Dam Rehabilitation and Improvement Project (DRIP) to enhance the security and operational efficiency of chosen 736 dams throughout the nation. The undertaking, price Rs 10,211 crore, will probably be carried out from April 2021-March 2031.
📣 The Indian Express is now on Telegram. Click right here to hitch our channel (@indianexpress) and keep up to date with the most recent headlines
For all the most recent India News, obtain Indian Express App.
© IE Online Media Services Pvt Ltd