The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, has given its approval for fixing higher ethanol price derived from different sugarcane based raw materials under the Ethanol Blended Petrol (EBP) Programme for the forthcoming sugar season 2020-21 during ESY 2020-21 from December 1, 2020 to November 30, 2021.

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As per the information provided by CCEA, the approval is also given for the following:

 

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(i)  The Price of ethanol from C heavy molasses route be increased from Rs 45.69 per litre to Rs 46.66 per litre,

(ii)  The price of ethanol from B heavy molasses route be increased from Rs 57.61 per litre to Rs 59.08 per litre,

(iii)  The price of ethanol from sugarcane juice, sugar / sugar syrup route be increased from Rs 62.65 per litre to Rs 63.45 per litre,

(iv)  Additionally, GST and transportation charges will also be payable.

(v)  Government has decided that Oil PSEs should be given the freedom to decide the pricing for 2G ethanol as this would help in setting up advanced biofuel refineries in the country. It is important to note that grain-based ethanol prices are currently being decided by Oil Marketing Companies (OMCs)  only.

The approval will not only facilitate the continued policy of the government in providing price stability and remunerative prices for ethanol suppliers, but will also help in reducing the pending arrears of cane farmers, dependency on crude oil imports and will also help in savings in foreign exchange and bring benefits to the environment.

The decision to allow Oil PSEs to decide the price of 2G ethanol would facilitate setting up advanced biofuel refineries in the country. All distilleries will be able to take benefit of the scheme and large number of them are expected to supply ethanol for the EBP Programme.

The union cabinet has also given its approval for committed price support of Rs 17,408.85 crore to the Cotton Commission of India (CCI) for the cotton seasons from 2014-15 to 2020-21 (up to 30.09.2021).

Reservation norms for mandatory use of jute in packaging for the Jute Year 2021 -22 (1st July, 2021 to 30th June, 2022)has also been approved by the cabinet on 10th November, 2021. The Mandatory packaging norms approved for Jute Year 2021-22 provide for 100% reservation of the foodgrains and 20% of sugar to be compulsorily packed in jute bags.