According to the National Auto Fuel Policy, Bharat Stage-IV, the Indian version of Euro-IV, is to be applicable in the country by April 2010. However, the plant upgradation plans of the oil refiners, who have to sell petrol and diesel with the stringent emission standard from April 1, are facing a delay as suppliers of the equipment are heavily booked.
The country's largest carmaker Maruti Udyog Ltd is planning an across the board increase in car prices from April 1 on the back of hike in steel prices following this year's budget proposals.
After the launch in April 2010, Euro-VI fuel supply was expanded to seven cities of Puducherry, Mathura, Vapi, Jamnagar, Ankleshwar, Hissar and Bharatpur in 2011-12.
The panel suggested the cess for BS-IV and BS-V fuels should accrue to the Oil Industry Development Board
Sebi might come out with a regulatory framework for issuance of 'green' bonds