India will triple its ethanol production over the next four years till 2022 and this will save ₹12,000 crore in the country’s oil import bill, Prime Minister Narendra Modi said on Friday, which is being celebrated as World Biofuels Day.
The Narendra Modi-led government has announced that domestic private firms will be given a major share in all upcoming nuclear power plant projects in the country, thereby increasing the share of nationally made content in the nuclear reactors.
The Union cabinet chaired by Prime Minister Narendra Modi today approved a proposal to grant Interest Free Loan (IFL) worth Rs 1,258 crore for three fertilizer projects of Hindustan Urvarak and Rasayan Limited (HURL).
The Telugu Desam Party (TDP) accused the Narendra Modi government of causing a revenue loss to the government by camouflaging a deal entered into between private firm Essar OilNSE -0.04 % and Russian energy giant Rosneft as a government-to-government transaction.
It is the final leg of the current Indian governments tenure, which began in 2014. As the general elections loom, the Prime Minister Narendra Modi-led government has gone into hyperactive mode over the past year, proposing a major overhaul of the countrys environmental laws that govern its forests, fragile coasts, precious wildlife and manage the toxic levels of air pollution.