The federal government Wednesday hiked the costs of ethanol used for mixing petroleum merchandise, authorised the subsidy for phosphatic and potassic fertilizers for the continued rabi season and the proposal to call the brand new airport in Arunachal Pradesh.
The Union Cupboard determined to boost the worth of ethanol from all three varieties. The value of ethanol extracted from sugarcane juice was elevated to Rs 65.61 per litre, from the present Rs 63.45 per litre for the provision 12 months starting December 2022.
The speed for ethanol from the C-heavy molasses route has been elevated to Rs 49.41 per litre, from Rs 46.66 per litre at present, and that of ethanol from the B-heavy path to Rs 60.73 per litre, from Rs 59.08 per litre.
At current, 10 per cent ethanol is mixed in petrol (10 per cent ethanol, 90 per cent petrol) and the federal government is seeking to double this amount by 2024-25.
“Now we have saved about Rs 40,000 crore in foreign exchange outgo from 10 per cent mixing apart from benefiting the farmers,” Petroleum Minister Hardeep Singh Puri stated throughout a press convention.
In one other resolution, the cupboard authorised a subsidy of Rs 51,875 crore for phosphatic and potassic (P&Ok) fertilisers for second half of 2022-23 as a part of efforts to offer reasonably priced soil vitamins to farmers. A subsidy of Rs 98.02 per kg for nitrogen (N), Rs 66.93 per kg for phosphorus (P), Rs 23.65 per kg for potash (Ok) and Rs 6.12 per kg for sulphur (S) can be supplied, in keeping with an official assertion.
In view of steep improve within the worldwide costs of fertilisers and inputs i.e urea, DAP, MOP and sulphur, the federal government has determined to soak up the elevated costs by rising subsidy on P&Ok fertilisers, together with DAP.
The subsidy can be launched to fertiliser firms as per authorised charges in order that they will make fertilisers obtainable to farmers at an reasonably priced worth, the assertion stated.
The Cupboard additionally authorised the proposal to call the brand new airport in Arunachal Pradesh as ‘Donyi Polo Airport, Itanagar’.
The greenfield airport at Hollongi in Itanagar is being developed by the Airports Authority of India (AAI) with the assistance of the Centre and the state authorities at a price of Rs 646 crore. The central authorities gave its ‘in-principle’ approval for improvement of the airport in January 2019.
Donyi Polo Airport, Itanagar, displays the individuals’s reverence of the Solar (Donyi) and the Moon (Polo) to symbolise the traditions and wealthy cultural heritage of the state, in keeping with an official assertion.
MoU with Denmark
In one other improvement, Cupboard has authorised a Memorandum of Understanding (MoU) with Denmark on cooperation within the discipline of water sources improvement and administration.
Broadly, the MoU covers ease of data entry, built-in and good water sources improvement and administration, aquifer mapping, groundwater modelling, monitoring and recharge, environment friendly and sustainable water provide at family degree, discount of non-revenue water and power consumption.
A Letter of Intent was signed between the Ministry of Jal Shakti and Denmark’s surroundings ministry on Could 3 throughout Prime Minister Narendra Modi’s go to to the Scandinavian nation.
(With PTI inputs)