14
Wednesday
November 2018
7:08 PM IST
News Headlines
India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        
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Business News
Gadkari pitches for alternate fuels; says govt not against petrol, diesel
 
New Delhi, Sep 5 (PTI) Transport Minister Nitin Gadkari Wednesday pitched for alternative fuels such as ethanol and methanol along with electric vehicles, reiterating that the government's policy is to reduce import, enhance exports and curb pollution.

The minister, who had last year threatened to "bulldoze" the auto industry to adopt electric vehicles, struck a conciliatory note and said the government was not against petrol and diesel fuels.

"Our policy is very clear. We want to reduce imports, increase exports and finish pollution," he said at the annual convention of the Automotive Component Manufacturers Association of India (ACMA) here.

Stating that India is facing two major issues -- pollution and rising imports of fuels -- Gadkari said, "Import bill is increasing due to the rise in automobile sector. This is the biggest challenge facing our economy and for that we have come out with a programme.."

He said a policy for import substitution would be prepared.

"Alternative fuels is necessary for us," he said, adding there was a huge potential that can be be tapped from bio-products such as molasses, cotton straw, biomass and corn to produce ethanol which can be used as automotive fuel.

Gadkari, however, added that "alternate fuels cannot progress without your support".

Seeking to address concerns in the automotive industry over the future of conventional fuels, he said, "I am not against petrol, diesel and we are not closing any industry..."

Appreciating the "change in the mindset" of auto industry, the minister said the government has already made clear its priority areas to the industry and cited example of how GST on electric vehicles was reduced to promote eco-friendly technology and combat pollution.

Stating that his ministry has decided on a pilot project to run methanol-powered buses on the Mumbai-Pune route as well as in Guwahati, Gadkari asked the private sector to participate in the adoption of alternate fuels.

He also asked the auto industry to use waterways for logistics to trim cost and lower pollution, which in turn will contribute to the growth of the economy.


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Govt mulls second round of 2,500 MW medium-term PPA auction
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Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
KERALA NEWS
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INTERNATIONAL NEWS
UK says Brexit deal 'almost within touching distance'
 London, Nov 13 (AP) Britain and the European Union are "almost within touching distance" of a Brexit
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
NATIONAL NEWS
Infiltration bid foiled by Army in J&K, two terrorists killed
 Srinagar, Nov 13 (PTI) Two unidentified terrorists were killed Tuesday when the Army foiled an infil
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
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