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English Release 2-March 2015
Date Month Year
  • President's Secretariat
  • President of India to present the standard to 21 SQN & 116 HU of Indian Air Force
  • Min of Agriculture
  • Siraj Hussain Assumes Charge as Secretary, Department of Agriculture and Cooperation
  • Ashok Kumar Angurana assumes Charge as Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture
  • Min of Civil Aviation
  • No Proposal to Privatize Airports
  • Min of Coal
  • Coal to Liquid Pilot Project
  • Production of Coal from Underground Mines
  • Min of Commerce & Industry
  • Index of Eight Core Industries (Base: 2004-05=100), January, 2015
  • Cement Industry Should Grow by 20-25 Percent over the next three Decades – DIPP Secretary
  • Min of Consumer Affairs, Food & Public Distribution
  • Ram Vilas Paswan asks CWC to gear up for Make in India program
  • Min of Defence
  • 12th Air Force Civilians Inter-Command Football Tournament comes to an end
  • Min of Food Processing Industries
  • Shri Ranglal Jamuda Assumed Charge as Secretary, Ministry of Food Processing Industries
  • Min of Human Resource Development
  • Steps Towards Reducing Dropout Rate of Students
  • Incentives for Girl Students
  • Career-Oriented Short Term Courses in Universities and Colleges
  • Min of Micro,Small & Medium Enterprises
  • Products under MSME Sector
  • Promotion of Cottage Industries
  • Make in India Policy for MSME Sector
  • Grading System for MSME Sector
  • Promotion of MSME Clusters
  • Promotion of Traditional Industries
  • Promotion of Manufacturing Sector
  • Research and Development by KVIC
  • Financial Assistance for MSME
  • Min of New and Renewable Energy
  • Encouragement of Solar Power Projects
  • Encouragement of Solar Power Projects
  • Establishment of Solar Power Plants
  • Clean Energy Co-Operation Between India and US
  • Electricity from Paddy Straw
  • Min of Petroleum & Natural Gas
  • Cess on Petroleum Products
  • Shale Oil and Gas
  • LPG Distributors/ Retailers in J&K
  • Cash Subsidy Scheme for LPG
  • Bharat Stage Auto Fuels
  • Daily Crude oil price of Indian Basket was US$ 59.85/bbl on 27.02.2015
  • Budget proposals 2015-16 for Petroleum & Natural Gas sector
  • Min of Power
  • Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Ministry of Railways
  • Development of Railway Infrastructure with State Cooperation
  • ‘Go India’ Smart Card for Train Tickets
  • Provision of Safe Drinking Water at Stations
  • Use of Non-Conventional Energy Sources in Railways
  • New Line Projects on Indian Railways
  • Redevelopment of Railway Stations to International Standards
  • Development of Multi Functional Complexes on Railways
  • Suresh Prabhu Launches Passenger Friendly ‘Customer Complaint Web Portal and Mobile App’
  • Min of Road Transport & Highways
  • Committee Set up to Formulate Safety Standards for Car Manufactures
  • Government Fast on Execution of Road Projects
  • Government Determined to Check Road Accidents
  • Min of Science & Technology
  • National Science Day Awards
  • Min of Shipping
  • Proposal for 101 More National Waterways
  • Government to Set up INW TG
  • Min of Social Justice & Empowerment
  • Meeting of UN-ESCAP working Group on the Asian and Pacific Decade of Persons with Disabilities Gets Underwa
  • Ministry of Tourism
  • Foreign Tourist Arrivals during the period January-December 2014 grow by 7.1%, as compared to a growth of 5.9% during January-December 2013
  • 50 circuits have been identified across India for the development of tourism
  • Min of Urban Development
  • Delhi Development Authority’s role to be Revisited in the Context of Development Needs of Delhi
  • Min of Youth Affairs and Sports
  • Information to be hoisted mandatorily by IOA & NSFs on their Websites

Previous Date

 
Cabinet Committee on Economic Affairs (CCEA)22-November, 2012 20:22 IST
Approval of the pricing formula for procurement of bioethanol suggested by the Expert Committee, coupled with a floor price and a ceiling price

The Cabinet Committee on Economic Affairs has approved the issue of pricing for bio-ethanol procurement by Oil Marketing Companies (OMCs) for Ethanol Blended Petrol (EBP) Programme as per following:

i. The 5% mandatory ethanol blending with petrol as already decided by the CCEA in the past, should be implemented across the country, for which the Ministry of Petroleum & Natural Gas will immediately issue a gazette notification, for the OMCs to implement from the 2012-13 sugar season, effective from 1st December, 2012.

ii. Procurement price of ethanol will be decided henceforth between OMCs and suppliers of ethanol.

iii. In case of any shortfall in domestic supply, the OMCs and Chemical companies are free to import ethanol.

It is expected that 5% bio-ethanol will be blended with petrol sold in all the States and UTs of the country.

The EBP Programme is presently being implemented in a total of 13 States with blending level of about 2% against a mandatory target of 5%.

A stable EBP programme would ensure sustainable benefits for the sugarcane farmers across the nation. It will ensure an alternative market for the farmers who frequently get adversely affected in case of bumper crop of sugarcane and lack of its demand in the market. It will also provide an incentive to small and medium farmers to increase efforts towards sugarcane crop as better returns would be ensured.

Procurement of ethanol at a price determined by the market will ensure stability. EBP programme not only provides opportunities to sugarcane farmers, but it also ensures the use of ethanol as bio-fuel in a big way which is environment friendly. Besides, to the extent of implementation, this reduces the dependence on imported crude and leads the nation ahead on fuel self sufficiency.

Background:

The CCEA in its meeting held on 16th August 2010 had approved the ad-hoc price of Rs. 27.00 per litre for bio-ethanol for procurement by OMCs. This price was subject to adjustment on the basis of recommendation of an expert committee for pricing of ethanol. Later an Expert Committee headed by Dr. Saumitra Chaudhury, Member, Planning Commission, considered the issue of pricing of ethanol. In its report, submitted in March 2011, the expert committee recommended a formula which was derived broadly from the price of motor spirit. Subsequently, a report by the Economic Advisory Council to the Prime Minister, submitted on 10.03.2011, recommended the fixation of price of bio-ethanol through the market mechanism. The issue of procurement price for bio-ethanol has been considered by a Group of Ministers and the CCEA.

***


SH/SK
(Release ID :89270)

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