Popular Articles

Emerging-market stocks will advance 32 per cent
Developing-nation stocks may rise 32 percent in the next 12 months as a faster-than-expected earnings recovery fuels a long-term bull market, Morgan Stanley said.

Lacklustre trade continues
The Sensex is trading at 17,398 - up 38 points.

News of the day

OMC under-recoveries at Rs 45,478 cr, says Deora
Public sector oil marketing companies(OMCs) are projected to incur under-recoveries of Rs 45,478 crore on retail sale of petrol, diesel, domestic cooking gas and kerosene during 2009-10, based on the refinery gate prices in the first fortnight of December.
Corporate

Ramesh differs with official line, says biofuel role limited

Biofuels have a limited role in India due to land limitation and food security issues, Environment Minister Jairam Ramesh said today, a view which differs from the official line pushing for a 20 per cent blend of such fuel in gasoline and diesel by 2017. - Fuel-efficiency norms for auto by 2011: Ramesh - Jyoti Parikh & Kirit Parikh: Deal-making at Copenhagen">Jyoti Parikh & Kirit Parikh: Deal-making at Copenhagen - Govt to push Bill for setting up green body in current session - Govt wants to pass National Green Tribunal Bill this session - "Don"t expect much from Copenhagen summit" - Climate of confusion Pitching for hybrids and CNG-run vehicles, Ramesh said "biofuel does not has a relevance role in Indian context in view of land limitation and food security." He was speaking at the inaugural session of the two-day 4th Environment Friendly Vehicles" conference here. In October 2007, under pressure from the world to cut emissions of the greenhouse gasses produced by fossil fuel combustion, the Government had mandated that all diesel should contain 5 per cent biofuel by volume. Biofuels are produced from crops and burn cleaner than fossil fuels. Biodiesels, a subset of biofuels, are produced from vegetable or animal oil and there is a view that biofuel target is a reason for food prices shooting up lately. Ramesh said India could not follow Brazil which is a world leader in the use of ethanol as transportation fuel. "We have land limitation and huge population pressure. We have to have food security," he maintained and added that though "it (bio-fuel) may play a small role but a big role has to be from the hybrids, auto-electric and of course the CNG type vehicles."


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):