In April, the Reserve Financial institution of India (reserve bank of india) introduced that it’s going to launch a framework to allow sovereign transactions green bond In Reward Metropolis.
this government It has been elevating funds by way of inexperienced bonds since 2022-23, with a complete of Rs 36,000 crore raised previously two years.
Thus far within the present fiscal 12 months, the federal government has raised solely Rs 1,697 crore, towards the prescribed Rs 12,000 crore it plans to lift by way of inexperienced bonds within the first half ending in September, as no favorable bids had been discovered.
Requested in regards to the tepid investor response to such bond issuances, Das mentioned, “Because the debt supervisor of the federal government, we’re watching what precisely is occurring and if any motion must be taken, we’ll work together with the federal government and He additional mentioned that one of many massive bulletins on this 12 months’s price range was in regards to the growth of a local weather taxonomy. general financing of the sector,” he mentioned. “We’ll develop a taxonomy climate finance Improve the supply of finance for local weather change adaptation and mitigation. This can assist the achievement of the nation’s local weather commitments and inexperienced transition,” Finance Minister Nirmala Sitharaman mentioned in her 2024-25 price range speech.
Earlier within the day, Sitharaman addressed the board members on the RBI’s 609th post-budget central committee assembly right here.
