India’s E20 Ethanol Push: Are Food Prices Paying the Price?
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Key Facts
TypeAnalysis
SourceICRIER
PublishedMonday, 7 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Commerce & Industry
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik, vide Directive No.CO.DOS.SED.No.S6690/12-22-173/2025-2026 dated December 08, 2025, for a period of six months up to the close of business on June 09, 2026, which were last extended up to the close of business on September 09, 2026 vide Directive No. DOR.MON/D-13/12-22-168/2026-27 dated June 02, 2026. The Reserve Bank of Indi
Tenor 1-day Notified Amount (in ₹ crore) 5,00,000 Total amount of offers received (in ₹ crore) 3,53,390 Amount accepted (in ₹ crore) 3,53,390 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1054
On a review of current and evolving liquidity conditions, it has been decided to conduct a Second Variable Rate Reverse Repo (VRRR) auction on Monday, September 07, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 5,00,000 1 11:00 AM to 11:30 AM September 08, 2026 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.Ajit Prasad
Tenor 30-day Notified Amount (in ₹ crore) 7,00,000 Total amount of offers received (in ₹ crore) 2,59,276 Amount accepted (in ₹ crore) 2,59,276 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1052