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Page 9 - Niti Ayog

NITI Aayog working on policy to cut oil bill by $100 bn by 2030

The government is working on a policy to bring down the annual oil import bill by USD 100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha today.The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel by 10 per cent, the Road Transport Minister said during the Zero Hour.India is the third biggest oil importer globally and the government has been making efforts to bring down imports by using alternative fuels such as methanol."The final roadmap for 'Methanol Economy' being worked out by NITI Aaayog is targeting an annual reduction of USD 100 billion by 2030 in crude imports in line with our PM's vision," Gadkari said.He said a cabinet note on use of methanol in marine and water transport sector will be moved shortly.The minister said use of methanol can result in "great environmental" benefits, ...

NITI Aayog working on policy to cut oil bill by $100 bn by 2030
Updated On : 28 Dec 2017 | 10:24 PM IST

NITI Aayog for a 'judicial performance index' to check pending cases

NITI Aayog has also recommended streamlining judicial appointments through an online system

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Updated On : 29 Aug 2017 | 6:39 PM IST