Cabinet meeting: Two important decisions were taken in the Modi cabinet meeting on Wednesday. Cabinet approves amendments to National Biofuels Policy 2018 It allows the use of many more crops to increase ethanol production. Also, the target of 20% blending of ethanol in petrol and diesel has been reduced from 2030 to 2025-26. Foreign Minister Dr. S. Calling it a good move, J. Shankar said that the more biofuels are produced, the less our dependence on imports of petroleum products. In addition, the move will encourage the development of indigenous technology and employment in the region.
A major amendment to this policy is to reduce the target of 20% ethanol blending in petrol for five years. Petrol currently contains about 10% ethanol. But it has to be increased to 20% by 2025-26. It also allows the use of some more ‘raw materials’ for the production of biofuels. The Cabinet also approved the promotion of biofuel production in the country under the ‘Make in India’ program. The statement said the decision would help fulfill Prime Minister Narendra Modi’s dream of making India energy self-sufficient by 2047.
At the same time, the Union Cabinet has empowered the Board of Directors of Public Sector Enterprises (CPSEs) to take decisions regarding liquidation of units and their subsidiaries and their investment. Cabinet needed. Now the board of directors can make that decision.