The Centre will spend Rs. 11,000 crores for a new mission to ensure self-sufficiency in edible oil production at a time when India's dependence on expensive imports has driven retail oil prices to new highs.
World Biofuel Day is observed on August 10 every year. The day is celebrated to raise awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and highlight the various efforts made by Government in the biofuel sector.
The Lok Sabha passed a bill that provides account holders security of their money by allowing access to up to Rs 5 lakh within 90 days of a bank coming under a moratorium imposed by RBI.