Reliance Capital today announced having acquired
a 5-per cent stake in Network 18 Fincap Ltd, its second
investment in a broadcasting venture in the last one
month, when it announced an open offer to raise its
stake in television broadcaster TV Today Network Ltd.
by up to 20 per cent.
18 Fincap Ltd. has a 49.18-per cent stake in Television
Eighteen India Ltd., which operates the CNBC-TV18 and
CNBC-Awaaz channels. Network 18 also holds a 38.95-per
cent stake in Global Broadcast News Ltd., which runs
English news channel CNN-IBN and Hindi news channel
warns of environmental impact of biofuels
The drive to switch over to biofuels could lead to rising
food prices and deforestation, warns a study by the
Co-op Insurance Society. The study was released within
days of a UN report with similar warnings that said
that bio fuels are more effective when used for heat
and power, rather than in transport.
are non-fossil fuels made from vegetable matter that
burns and are seen as a potential solution to climate
change because they it reduce emissions of greenhouse
study assumes significance as countries seek to reduce
their dependence on oil and petroleum products in a
bid to contain environmental damage on the one hand
and reduce their dependence on the rising prices of
Co-op report claims there is a future for biofuels,
but current targets for growing so much fuel could have
unintended consequences. The report says that around
nine per cent of the world''s agricultural land may be
needed to replace just 10 per cent of the world''s transport
means the production of biofuels could lead to a decrease
in land available for food production in countries where
famine already exists.
over the impact of a mass switch over to switch agricultural
land from food production to bio fuel cultivation, various
warnings have been sounded over its radical effects
on agriculture and consequences for food prices.
have also warned of the adverse consequences of large-scale
felling of rainforests to plant crops to grow biofuels.
BBC report quotes Professor Dieter Helm, a senior advisor
to the British government as saying, "The sort
of targets being set for biofuels will have quite radical
effects on agriculture and therefore will have very
substantial consequences for food prices and agriculture
are felling rainforests to plant crops to grow energy
fuels, bio fuels. Think of the energy involved in felling
those rainforests. Think about the damage to the climate
being done by the loss of those trees. Think about the
ploughing and the cultivation of fields.
about the transport of those fuels, and you start to
realise the carbon imprints are about much more than
simply what happens to grow in a particular field at
a particular point in time. Think about the transport
of those fuels, and you start to realise the carbon
imprints are about much more than simply what happens
to grow in a particular field at a particular point