New bio-fuel policy hanging fire
Sujay Mehdudia Owing to political instability at the Centre NEW DELHI: With international crude oil prices touching a whopping $147 a barrel, the search for alternative sources has intensified. However, the political uncertainty over the India-U.S. nuclear deal has delayed the announcement of a bio-fuel policy, outlining incentives for those undertaking such activity. Although Minister of State for New and Renewable Energy Vilas Muttemwar declared last month that the government would come out with a new bio-fuel policy by July second week, this now looks a distant dream.