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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.
Under the restructured Skill India Programme, what major change has been introduced?
REC Limited secured a Green Loan of approximately __________ billion Japanese Yen for financing eligible green projects in India.
Which city has gained the top spot on the Global Liveability Index released by the Economist Intelligence Unit (EIU)?
What was the revised completion timeline for the Vizhinjam International Seaport project as per the supplementary concession agreement?
What innovative feature does the Sanraksha Mobile App offer for Indian Railways?
What is the new maximum limit of Retirement Gratuity & Death Gratuity for Central Government employees as instructed by the Department of Pension and Pe...
What initiative has the Indian Navy launched to provide healthcare access to veterans?
Who won the Grammy Award 2025 for Best Song of the Year?
The government may consider a _____ uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensur...
