Sign In
Learn bits
Economy
Mahesh

18/03/22 09:47 AM IST

India Planning For Rs 24,000 Crore Sovereign Green Bond

In News 

  • The government of India is planning to issue at least Rs 24,000 crore or $3.3 billion in sovereign green bonds.
  • The development comes as India is making a shift towards a low-carbon economy. 
Details 

  • Globally, several countries are executing sustainable investments options.
  • India, which is the third-largest greenhouse gases emitter has planned to four times increase its renewable energy power generation capacity by 2030.
  • In February this year, the renewable energy companies raised debt worth Rs 17.6 billion.
Green Bond 

  • A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.
  • These bonds are typically asset-linked and backed by the issuing entity’s balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations.​
  • Green bonds may come with tax incentives to enhance their attractiveness to investors.
  • The World Bank is a major issuer of green bonds.
Source- Indiatoday 

More Related Current Affairs View All

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps