New Delhi, July 23 (IANS) The Union government told the Parliament on Thursday that no decision has been taken so far to increase ethanol blending with petrol beyond 20 per cent. Any future decision regarding higher ethanol blends will be taken only after detailed scientific and technical studies and consultations with all relevant stakeholders, including automobile manufacturers, oil marketing companies and research institutions.However, E85 fuel (containing 85 per cent ethanol and 15 per cent …
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New Delhi, July 20 (IANS) The government has not taken any decision to increase ethanol blending in petrol beyond the current 20 per cent level, and any future move will be based on detailed scientific studies and consultations with stakeholders, Minister of State for Petroleum and Natural Gas Suresh Gopi informed the Rajya Sabha on Monday.In a written reply, Gopi said no decision has so far been taken to raise the ethanol blending target beyond E20.“Any proposal to increase the blending level…
New Delhi, July 1 (IANS) The National Payments Corporation of India (NPCI) on Wednesday announced a strategic partnership with HSBC India to enable real-time foreign exchange (FX) settlement for cross-border Unified Payments Interface (UPI) transactions to make international digital payments more seamless and transparent for Indian travellers.Under the collaboration, HSBC India will provide real-time FX rates through direct API integration, allowing customers to view the exact Indian rupee (INR)…
New Delhi, May 12 (IANS) Amid global supply disruptions due to the Middle East crisis and soaring crude prices, ethanol-blended petrol is rapidly gaining ground as a sustainable fuel of the future, with India emerging as one of the world’s most closely watched biofuel success stories, according to a report in The Times Kuwait newspaper.It points out that India’s long-term ethanol blending strategy has paid dividends by enabling the world’s fastest growing economy to cushion the oil supply …
New Delhi, May 11 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday called Leader of Opposition in Lok Sabha Rahul Gandhi as the “most rejected maal” in Indian politics. Speaking to reporters, Devendra Fadnavis said, “Rahul Gandhi is the most ‘rejected maal’ in Indian politics. Rejected by all, rejected always, and rejected in every state… The country stands with PM Modi; the country stands behind PM Modi. The country repeatedly blesses PM Modi.”This comes after Prime Minister …
Hyderabad, May 10 (IANS) Prime Minister Narendra Modi on Sunday appealed to citizens to conserve fuel, use public transport, revive work from home, avoid non-essential goods purchase and overseas vacations to save foreign exchange to combat the global crisis triggered by the ongoing war in West Asia. Addressing a public meeting organised by the BJP at Parade Grounds, Secunderabad, the Prime Minister called for collective participation to help India face global economic disruptions, supply chain …
Mumbai, April 20 (IANS) The Reserve Bank of India (RBI) on Monday announced a partial rollback of restrictions imposed earlier this month on certain rupee derivative trades — signalling a shift towards normalising market activity after emergency measures to stabilise the currency.The central bank had introduced a series of curbs on April 1 to contain heightened volatility in the rupee, which had slipped to record lows past the 95 mark in late March.These measures included barring banks from off…
Seoul, March 26 (IANS) Market interest rates could face significant upward pressure if the conflict in the Middle East persists amid rising inflationary pressures and growing concerns about global monetary tightening, the central bank said on Thursday.The Bank of Korea (BOK) issued the warning in its latest financial stability report, as U.S.-Israeli strikes on Iran that began late last month have escalated into a broader regional conflict, reports Yonhap news agency.”If tensions in the Middle E…
New Delhi, Feb 2 (IANS) The Pakistan government has become addicted to IMF borrowing much like a drug addict and refuses to extricate itself from the self-made problem of creating cycles of foreign exchange shortages and bare sufficiency with IMF loans, according to a new report.These are accompanied by fiscal profligacy as seen in the government’s inability to contain needless expenditures and raise sufficient revenues to keep its debt at sustainable levels, according to an article by former …
New Delhi, Jan 23 (IANS) Pakistan’s exports plummeted by 20.4 per cent in December 2025, marking the fifth consecutive monthly decline that reflects the deep-rooted economic crisis plaguing the country, according to official figures.Exports contracted to approximately $2.32 billion from nearly $2.91 billion in December 2024. Imports, on the other hand, continued to expand, rising by about 2 per cent to $6.02 billion, pushing the monthly trade deficit up by nearly 24 per cent to $3.7 billion, a…