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    Question

    DIrection (15-17) :- Read the following information to answer the questions below: As announced in the Union Budget 2022-23, Government of India, as part of its overall market borrowings, will be issuing Sovereign Green Bonds (SGrBs), for mobilising resources for green infrastructure. The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy. Accordingly, it was notified in the Half-yearly issuance calendar for marketable dated securities for the second half of the fiscal year 2022-23 on September 29, 2022 that SGrBs for an aggregate amount of ₹16,000 crore would be issued. Government of India has since issued the Sovereign Green Bond Framework on November 09, 2022.

    What are the eligible investors under the Fully

    Accessible Route (FAR)?
    A Any person resident in India Correct Answer Incorrect Answer
    B Any person resident outside India Correct Answer Incorrect Answer
    C Only Foreign Portfolio Investors (FPIs) Correct Answer Incorrect Answer
    D Only Non-Resident Indians (NRIs) Correct Answer Incorrect Answer
    E Only banks and financial institutions Correct Answer Incorrect Answer

    Solution

    The Fully Accessible Route (FAR) introduced by the Reserve Bank of India allows any person resident outside India, including foreign portfolio investors (FPIs) to invest in specified Government of India dated securities without any investment limits. However, banks and financial institutions are not the only eligible investors under the FAR.

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