Panel Set up to Develop Fuel Norms for Trucks, Buses
With commercial vehicles and buses guzzling more than a third of all diesel consumed in India, the government has constituted a high-level committee to develop fuel economy norms for heavy-duty vehicles.
The committee, to be headed by Rajive Kumar, Additional Secretary in the Ministry of Petroleum and Natural Gas, will "develop a road map for fuel efficiency norms for heavy duty vehicles (trucks and buses) in India".
An Oil Ministry order said the panel will have a tenure of 15 months.
"In view of growing dependence of the country on import of crude oil and the fact that the highest consumption of diesel is by commercial vehicles i.e 26.75 per cent, followed by 10.75 per cent by buses/state transport undertakings (STUs), it has been felt imperative by the Government to define fuel economy norms for heavy duty vehicles (trucks and buses) in India," it said.
Diesel is the most consumed fuel in the country, accounting for over 43 per cent of 158.2 million tonnes of petroleum products consumed in 2013-14. Diesel consumption was 68.37 million tonnes in the last fiscal.
The panel will finalise schedule of implementation of fuel consumption standards as well as recommend policy guidelines for funding, upgrade involved in development of norms.
Besides, it will examine incentives for phasing out old and inefficient commercial vehicles and suggest a road map for their replacement, the order said.
The committee will examine norms/regulations being followed internationally, their effectiveness and possibility of replicating in India. It will recommend category-wise norms for heavy-duty vehicles (HDVs).
It will finalise standards and requisite specifications considering availability of infrastructure and logistics involved, processing economics and improvement in vehicle engine technology.
It will "consider and recommend to the appropriate government to take forward required legislation/act or notification or suggest amendment to an existing legislation, act or notification for enforcement of norms and its promotion in India, if necessary," the order detailing terms of reference of the committee said.
The panel will have Representatives of Department of Heavy Industries and Ministry of Road Transport and Highways.
Director General of Bureau of Energy Efficiency, Director of Pune-based of Automotive Research Association of India and Director General of Society of Indian Automotive Manufacturers will be members.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.