Question
Which of the following statements is NOT true about the
utilization of Sovereign Green Bonds (SGBs) in India?Solution
Statement A is true as energy infra ministries have indeed sought ₹32,000 crore for various green projects through SGBs. Statement B is true as the MNRE has requested ₹10,000 crore for solar projects under the PM Kusum scheme and NGHM. Statement C is true since funds from SGBs are being used for public transport and green railway projects, including metro rail constructions. Statement D is NOT true because India launched its first SGB in 2023, not 2022, and raised ₹16,000 crore in FY23 while planning to raise ₹20,000 crore in FY24. Statement E is true as the Budget Estimates for FY25 do include substantial allocations for various green projects, including solar energy, wind energy, and energy-efficient electric locos. Therefore, the incorrect statement is D, making it the correct answer for this question.
- When will the Reserve Bank of India (RBI) roll back the increase in risk weights for bank loans to NBFCs?
Which initiative did the World Bank launch in 2024 to support sustainable agriculture in sub-Saharan Africa?
Consider the following statements about ‘Financial Stability Report (FSR) 2022’:
I. This report was rele...
Which State is listed as a Top Performer in SEEI 2024 with energy use in the category greater than 15 MToE?
What advanced technology does the Project 17A stealth frigate, Nilgiri, incorporate?
The Green Revolution term was first used by which person?
According to the Gaganyaan mission update, how many total missions (crewed and uncrewed) are planned by 2028?
What is money Laundering?
What is the total investment commitment made by EFTA nations to India under the TEPA agreement?
Which rivers are targeted under IWAI’s river navigation infrastructure project in Jammu & Kashmir?