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NITI Aayog working on policy to cut oil bill by $100 billion

-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday.   The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...

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Rs 47-crore LPG subsidy deposited in Airtel bank accounts 'opened without consent' -Sanjeev Choudhary

-The Economic Times More than 23 lakh customers have received cooking gas subsidy of Rs 47 crore in their respective Airtel Bank accounts they don’t seem to have opened, prompting the government to intervene even as the top mobile operator denied any wrongdoing. Consumers receive cooking gas subsidy in their bank accounts linked to their unique biometric identity, or Aadhaar. But after several consumers lately complained about not receiving subsidy, it emerged...

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Jet fuel price hiked by 6%; LPG costlier by Rs 1.50 a cylinder

-PTI NEW DELHI: Jet fuel or ATF price was on Sunday hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August. Aviation turbine fuel (ATF) will now cost Rs 53,045 per kilolitre (kl) in Delhi, Rs 3,025 per kl more than Rs 50,020 previously, according to a price hike notification by Indian Oil Corp, the nation's biggest fuel retailer. This is the third consecutive...

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Safflower cultivation sees drastic fall despite benefits -Hiren Kumar Bose

-VillageSquare.in Despite its many health advantages, the cultivation of safflower for its oil is declining across India because farmers are not finding a ready market and are discouraged by the low prices it fetches Gujarat, Maharashtra and Karnataka: Vijay Jagtap discontinued sowing safflower (kardi) last year on his one-hectare plot in Baramati Pandhare village, 12 km from Baramati town in Maharashtra. “The price we get for kardi is not at all attractive....

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Modi's pet Ujjawala scheme wobbles as many beneficiaries drop out after their first LPG cylinder -Dhirendra K Jha

-Scroll.in The number of LPG connections extended under this scheme may be rising rapidly, but LPG usage is not. The aim was to free poor women from smoke-filled kitchens by giving them cooking gas connections. But one year after it was launched, the Pradhan Mantri Ujjawala Yojana seems to have run into rough weather. On paper, the central government scheme which provides free liquefied petroleum gas, or LPG, connections to below the...

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