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The finance ministry, after extensive consultations with the Reserve Bank of India (RBI), multilateral institutions, and other stakeholders, is ready with the framework for its maiden Rs 16,000-crore green bond issuance.The framework is expected to cover funding of green and sustainable infrastructure across road, railway, urban transportation, agriculture, and social sectors, apart from renewable energy projects. As part of its second half of 2022-23 (FY23) borrowing calendar (October-March), the finance ministry had announced it would issue sovereign green bonds (SGBs) worth Rs 16,000 crore. With this, India will join the club of 25 nations so far whose governments have issued bonds to exclusively fund climate sustainability and green infrastructure projects and initiatives. RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao Green bonds are bonds issued by corporates, sovereign entities, inter-governmental organizations, and multinational corporations whose proceeds are deployed towards environmentally sustainable projects. They have positive environmental and climate benefits such as energy efficiency, renewable energy, clean transportation, and sustainable water projects.
In the Budget 2021-22, finance ministry allotted 16.5 lakh crore for agriculture. What is amount allotted in agriculture in the Budget 2020-21?
Operating risk is most likely to increase as a result of:
Which bank was awarded the Best IT Risk Management by the Indian Banks' Association (IBA)?
Reserve Bank of India has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for?
Recently, the Reserve Bank of India (RBI) lifted its three-year ban on opening new branches of the following bank?
Deposit Insurance and Credit Guarantee Corporation (DICGC) provide funds up to Rs 5 lakh to an account holder within the Period of ________days.
The Reserve Bank of India (RBI) doubled the limit for collateral-free loans to micro and small enterprises (MSEs) from 5 lakhs to 10 lakhs following whi...
Who is the head of the committee appointed for Capital Account Convertibility in Banks?
Which of the following statements is true about the Credit Proposal Tracking System (CPTS) for MSME loan applications?
What percentage did Indian startup funding decrease by in 2023 compared to 2022, according to data from Tracxn?