Wednesday, September 09
The usage of 20 per cent ethanol-blended petrol in vehicles could lead to a 2-5 per cent drop in fuel efficiency, depending on the type of cars, according to automotive industry experts.In the midst of social media debate over the impact of E20 fuel on vehicles, automotive engineers working with some of the major automakers, whom PTI spoke to, said that in older vehicles, which are not E20 compliant, there could be erosion of gaskets, fuel rubber hoses and pipes in the long term, but not immediately."There can be a drop in mileage ranging from 2-5 per cent, depending on the type of vehicle. This is purely because of the lower calorific value of ethanol compared to petrol," said an expert requesting anonymity.Earlier this month, the Oil Ministry clarified that "the critiques suggest that E2
Mutual fund industry body Amfi on Friday signed a pact with the Department of Posts to train one lakh postmen across India, enabling them to distribute mutual funds in remote areas.An MoU in this regard was signed between Amfi and the postal department at an event here to mark Amfi's 30th foundation day.On this occasion, Amfi also announced a host of other initiatives to deepen financial literacy and expand reach of mutual fund products across the country.The event was attended by Sebi chief Tuhin Kanta Pandey, Sebi whole-time member Amarjeet Singh, Association of Mutual Fund in India (Amfi) CEO Venkat Chalasani, Amfi chairman Navneet Munot and other industry stalwarts.
