Get Started with ixamBee
Start learning 50% faster. Sign in now
Statement C is incorrect because the subsidiary serves as an offshore platform for global funding, not just domestic. • The Indian Renewable Energy Development Agency Ltd. (IREDA) has launched a new subsidiary, "IREDA Global Green Energy Finance IFSC Limited", in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. • The subsidiary was incorporated on 7th May 2024, following approval from the Reserve Bank of India on 8th February 2024. • This move marks a significant step in utilizing innovative green financing techniques and expanding IREDA’s global reach. • The subsidiary serves as an offshore platform for obtaining competitive funding, crucial for supporting the growth of the renewable energy sector and achieving India's 'Panchamrit' targets for energy sustainability. • The establishment of IREDA in IFSC is expected to open new business opportunities and set a global footprint in the renewable energy market. • This strategic initiative is aimed at enhancing access to innovative financing options and fostering partnerships with international investors to promote renewable energy projects both in India and internationally. Learn Along: About IREDA • IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987. • IREDA has been notified as a “Public Financial Institution” under section 4 ‘A’ of the Companies Act, 1956 and registered as Non-Banking Financial Company (NBFC) with Reserve Bank of India (RBI). • Chairman and Managing Director: Pradip Kumar Das Headquarters: New Delhi, India
Who is/are the participants in the derivatives market?
Calculate the current Ratio from the above data:
What is the maximum time period given to the states to repay the Ways and Means Advances extended to them by the RBI?
Similar to the Stock Exchanges in IFSC, the Bullion Exchange shall be required to submit MDR (Monthly Development Report) to IFSCA on a what frequency b...
Who shall constitute the Performance Review Committee?
Which of the following statements are correct regarding grants provided to FinTech firms under the FinTech Incentive Scheme, 2022?
i) FinTech ent...
The Economic Survey 2023 projects a baseline GDP growth of ________ in real terms in FY24.
__________ is a theory according to which the interest rate differential between two countries is equal to the differential between the forward exchange...
Which of the following is not a right statement for a Drawing Power?
As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ______ of its net assets as ...
