Sale of petrol blended with ethanol allowed
New Delhi: In a significant decision that will help save foreign exchange and boost prospects of sugarcane growers and oil industry, the Centre announced in the Lok Sabha on Monday that petrol will be allowed to be blended with ethanol for sale.

In a suo motu statement, petroleum minister Ram Naik said that sale of petrol blended with ethanol at the rate of 5 per cent in the country will be implemented in two phases.

During the first phase, Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh would be covered and, in the second phase, the rest of the country, he added.

He said the existing three pilot projects would take up blending of ethanol in petrol at the rate of 10 per cent after sorting the issues such as modifications of specifications of the Bureau of Indian Standards.
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AP to host meet on globalisation
Hyderabad: IIMNet, the alumni network of all the six Indian Institutes of Management, is organizing a two-day seminar on globalisation here from 15 December in which leading Indian corporate chiefs are expected to participate.

Anji Reddy, Dr Reddy's Laboratories chairman, Ramalinga Raju of the Satyam Computer Services, V. Srinivasan, director of Centurion Bank, S. Ramachandran, managing director of Tata Teleservices Ltd, V. Balaraman, executive director (exports), Hindustan Lever and K. Ramachandran, managing director of Philips India have confirmed participation.

The directors of all the six IIMs at Ahmedabad, Bangalore, Kolkata, Indore, Lucknow and Guwahati would also participate in the seminar. About 500 delegates from the corporate sector, services and government are also expected to attend the event.
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Ashok Kumar passes away
Mumbai: Veteran actor Ashok Kumar died at his residence here on Monday after a prolonged illness. He was 90. He was cremated at the Chembur crematorium in the presence of his family members and close friends. He was honoured with numerous awards, including the prestigious Dadasaheb Phalke award and the lifetime achievement award in 1996.
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