Scheme for Trading and Settlement of Sovereign Green Bonds in IFSC
On 29th August, 2024, the Reserve Bank of India (RBI) introduced a new scheme allowing foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds.
Aim
- This move is aimed at increasing non-resident participation in these environmentally focused instruments.
Salient Features
Scope
- The Scheme shall apply to investments in Sovereign Green Bonds issued by the Government of India by eligible investors in the IFSC in India.
Eligible Investors
- Persons resident outside India as defined in Section 2(w) of the FEMA, 1999.
- An IBU (IFSC Banking Units: banking units set up in the IFSC) of ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Undercapitalization of Indian Debt Market
- 2 Mutual Credit Guarantee Scheme for MSMEs
- 3 National Critical Minerals Mission
- 4 Diamond Imprest Authorization Scheme
- 5 Team Initiative:Boosting Digital Commerce for MSMEs
- 6 Extra-long Staple Cotton
- 7 National Manufacturing Mission
- 8 Financialisation of the Economy
- 9 Bharat Cleantech Manufacturing Platform
- 10 Logistics Ease Across Different States (LEADS) 2024 Report
