India will soon be zero petroleum import country, says Nitin Gadkari

September 7, 2016

New Delhi, Sep 7: With the Centre focusing more on developing alternative fuel economy, India will soon stop importing petroleum products, Union Minister Nitin Gadkari said on Tuesday.

petroleum"We are going to develop this country where our import of petroleum will be zero. We are promoting alternative fuel like ethanol, methanol, bio-CNG...this will boost the rural and agriculture centre and create huge employment," Road Transport and Highways Minister said.

Despite low prices globally, India at present is incurring a massive Rs 4.5 lakh crore on crude imports which was earlier Rs 7.5 lakh crore, Gadkari said addressing a conference on methanol economy organised by Niti Aayog today.

India is one of the fastest growing economy in the world. At present, it is "golden opportunity" to cash on its agriculture, bamboo, surplus coal and power.

"The time has come to diversify agriculture," the minister asserted stating that it has the potential to change the entire rural economy at a time when more than 10,000 farmers in Vidarbha region had committed suicide.

"The socio-economic situation is not good, agriculture is facing acute problems. This alternative fuel economy is going to change socio-economic picture of agriculture and rural economy. This is time for the country to plan the way by which we can save the life of people in rural and agriculture sectors.. We can make ethanol from biomass that is cotton straw, wheat straw, rice straw and bagasse. Even from municipal waste we can make ethanol," the minister said.

Stressing on "waste to wealth", he said manufacturing ethanol and biogas from waste could result in savings to the tune of Rs 5 lakh crore annually.

The minister said ethanol is generated from biomass in Europe. One tonne of rice straw can get 400 litres of ethanol.In North East, bamboo could be used for making ethanol, he said.

He added it will eliminate pollution too as farmers in states like Haryana burnt wheat straw which caused pollution. Besides municipal waste and waste of vegetables and fruits could be used in manufacturing bio-fuel.

He stressed the need for use of science, technology, entrepreneurship and research and also said Niti Aayog is taking initiatives in this regard.

"We have finalised standard norms for bio-diesel, bio-CNG and ethanol and electricity," Gadkari said adding the bureaucracy also needed to fast track decisions.

Taking a jibe at bureaucracy, the minister said somewhere there is a need to expedite the entire decision-making process. "If there is a will, there is a way if there is no will there is no way. There will only be committees, discussions and research groups," Gadkari added.

The minister also stressed on the need to generate methane from coalblocks and said some of the companies who were alloted the blocks were not doing anything which is not fair.

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News Network
March 18,2020

San Francisco, Mar 18: Facebook said a bug in its anti-spam system temporarily blocked the publication of links to news stories about the coronavirus. Guy Rosen, Facebook's vice president of integrity, said on Twitter Tuesday that the company was working on a fix for the problem.

Users complained that links to news stories about school closings and other information related to the virus outbreak were blocked by the company's automated system.

Later on Tuesday, Rosen tweeted that Facebook had restored all the incorrectly deleted posts, which also covered topics beyond the coronavirus.

Rosen said the problems were unrelated to any changes in Facebook's content-moderator workforce. The company reportedly sent its human moderators home this week because of the coronavirus outbreak.

A representative for Facebook did not immediately respond to questions on the status of Facebook's content moderators, many of whom do not work directly for the company and are not always able to work from home.

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News Network
March 13,2020

Bengaluru, Mar 13: In the wake of fresh cases of Covid-19 reported in Karnataka, Infosys Foundation chairperson Sudha Murty has urged the Karnataka government to take steps to shut malls and theatres, saying the coronavirus multiplies in air-conditioned areas.

In a letter to the government, she said preventive measures should be taken to control the spread of coronovirus before it gets worse.

Murty, who also leads the State government-constituted Karnataka Tourism Task Force, said she has discussed the current situation with Chairman and Executive Director of Narayana Health, Devi Prasad Shetty.

She suggested closure of all schools and colleges with immediate effect, malls, theatres and “all air-conditioned areas where the virus multiplies”, and allow only essential services like pharmacy, grocery and petrol bunks.

“It is not scientifically proven that the virus dies in high temperature,” she said pointing to spread of the virus -- despite heat -- in peak summer in Australia and Singapore, which have “summer all 12 months”.

“I request you to vacate one government hospital with at least 500 - 700 beds for this purpose (to deal with coronavirus cases), which requires oxygen lines and pipes,” she said.

“Infosys Foundation, the philanthropic and CSR arm of software major Infosys, would do the civil work and Devi Shetty has agreed to share resources like medical equipment,” she added.

“We would like to work with the government proactively so that we can prevent this as early as possible,” Sudha Murty said.

The total number of confirmed coronavirus positive cases in Karnataka is five, including the 76-year old man from Kalaburagi who died on Tuesday night.

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Agencies
March 7,2020

New Delhi, Mar 7: The Union government has issued a Global Invite for Expression of Interest for disinvestment in Bharat Petroleum Corporation Limited (BPCL) from prospective bidders with a minimum net worth of $10 billion as of Saturday.

The EoI submissions can be made till May 2, whereas investor queries will be entertained till April 4.

Another condition pertains to a maximum of four members are permitted in a consortium, and the lead member must hold 40 per cent in proportion. Other members of the consortium must have a minimum $1 billion net worth.

The EOI allows changes in the consortium within 45 days, though the lead member cannot be changed.

The GoI proposes to disinvest its entire shareholding in BPCL comprising 1,14,91,83,592 equity shares held through the Ministry of Petroleum and Natural Gas, which constitutes 52.98 per cent of BPCL's equity share capital, along with the transfer of management control to the strategic buyer (except BPCL's equity shareholding of 61.65 per cent in Numaligarh Refinery Limited (NRL) and management control thereon).

The shareholding of BPCL in NRL will be transferred to a Central Public Sector Enterprise operating in the oil and gas sector under the Ministry and accordingly is not a part of the proposed transaction.

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