Union Road Transport and Highways Minister Nitin Gadkari has strongly defended India's ethanol blending programme, saying the country's push towards alternative fuels is essential for achieving energy security and reducing dependence on imported fossil fuels. His remarks come amid renewed concerns over global oil supplies due to rising tensions in West Asia.
The government's Offer for Sale (OFS) in NHPC Limited has opened for retail investors after receiving an overwhelming response from institutional buyers on the first day of bidding. The strong demand prompted the government to exercise the entire green shoe option, doubling the stake sale from 3 percent to 6 percent.
