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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.
The Chandrayaan-4 mission is aimed at achieving which of the following goals?
In July, the number of total account holders under the PMJDY reached 495.6 million, with a total outstanding of over Rs 2 trillion. Of this, _______ are...
What is the name of the world's first wooden satellite built by Japanese researchers?
Who founded the East India Association in London?
Who has recently been appointed as the Surveyor General of India?
How much did the State Bank of India raise through its Basel III-compliant tier 2 bond issue?
Which of the following organisations was founded in Poona, Satara and other towns of Maharashtra that worked against Brahmanical orthodoxy and tried to ...
Which of the following Asian country will going to preside G20 summit in 2023?
What is the authorized capital of CCIL IFSC Limited?
According to the FICCI's Economic Outlook Survey (July 2022) India's economy is estimated to grow how much percentage in the current fiscal year?