Use of FCI rice for ethanol making solely an interim measure: Centre

The Centre on Tuesday clarified that using rice from Meals Company of India (FCI’s) godowns at a reduced worth of Rs 2,000 per quintal is simply an middleman association to make sure that the upcoming grain based mostly distilleries don’t fall wanting prepared feedstock and the primary uncooked materials for such distilleries will proceed to be maize not rice.

“In case you see the world over too, of the ten,000 crore litres of ethanol produced yearly, round 73 per cent comes from maize and a really small proportion is from rice. In India too, surplus rice from FCI will solely be used to make sure that 100 crore liters of capability arising for grain based mostly distilleries don’t fall wanting feedstock whereas maize manufacturing picks as much as feed these vegetation,” meals secretary Sudhanshu Pandey informed reporters.

He was responding to a query on whether or not the FCI promoting surplus rice at Rs 2,000 per quintal for making ethanol is cheap whereas it sells the identical rice at greater worth for open market operations and in addition on who bears the subsidy for such low-cost sale.

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Coal India Ltd last dividend to complement govt by Rs 1,426 crore

The federal government will obtain Rs

1,426 crore as dividend from Coal India Restricted (CIL) after the dry gas miner on Monday introduced an extra last dividend of 35 per cent or Rs 3.5 per share on fairness shares of Rs 10 every, an official stated.

The full dividend payout for FY’21 stood at Rs 16 per share or 160 per cent.

The federal government is the biggest shareholder with management of 66.1 per cent within the CIL. Its shareholding within the firm has lowered from 71 per cent resulting from steady dilution in small tranches since March 2019.

Nonetheless, the CIL’s beneficiant dividend coverage and excessive capital expenditure led to a pointy drop within the free money place of the worlds largest miner, the official stated.

Coal India’s free money stability (money, equal and financial institution balances) dropped to Rs 17,309 crore in FY21 from round Rs 28,000 crore in 2019-20 as its money circulation era couldn’t match the outflow resulting from decrease gross sales pattern final yr owing to slowdown and Covid-19 pandemic associated disruptions.

E-auction sale for the quarter

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Amazon Exams Out New Robotic Employees

Amazon (AMZN) is introducing two new staff: Bert and Ernie. The 2 warehouse robots, named after the well-known “Sesame Road” muppets, are being examined to enhance employee security, in keeping with an organization weblog publish on Sunday.

The e-commerce big has drawn consideration for its excessive warehouse  employee-injury price, one thing the robots are supposed to alleviate. Amazon warehouses have confronted criticism for prioritizing pace, due to this fact growing stress and harm dangers.

The robots will assist warehouses’ fast-paced atmosphere, whereas additionally taking high-risk duties away from human staff. 

Amazon insists that robotic staff won’t substitute human jobs. Amazon famous that the corporate has “added over 1,000,000 jobs around the globe because it started utilizing robotics in its amenities in 2012.” 

Amazon, the world’s largest on-line retailer, has the best employee harm price. The corporate has stated it hopes to scale back the speed by 50% by 2025 and can make investments $300 million into security initiatives.

Amazon will begin the testing of 4 various kinds of robots. The primary objective of Autonomous Cellular Robots (AMRs) might be to maneuver merchandise throughout the warehouse for workers to have simpler entry. 

Ernie is being examined to get gadgets on and

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