India’s First Sovereign Green Bonds Framework
On 9th November, 2022, the government approved the final sovereign green bonds framework for India to boost India’s efforts towards energy transition.
- India’s first Sovereign Green Bonds framework was formulated and as per the provisions of the framework, Green Finance Working Committee (GFWC) was constituted to validate key decisions on issuance of Sovereign Green Bonds.
- The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Indian Prime Minister at COP26 at Glasgow in November, 2021.
About the Framework
- Four Components
- Use of proceeds
- Project evaluation and selection
- Management of proceeds
- Reporting.
- Types
- Standard Green Bonds: A recourse-to-the-issuer based debt obligation.
- Green Revenue ....
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Current Affairs
- 1 High-Powered Committee on Ladakh
- 2 Corrupt Practices under Representation of People Act, 1951
- 3 Section 69(A) of Information Technology Act, 2000
- 4 Article 105 of Constitution: The Limits to Free Speech in Parliament
- 5 Special Category Status
- 6 Government sets up Panel on Digital Competition Law
- 7 Guillotine in Parliament
- 8 Rule 357 of Rules of Procedure and Conduct of Business in Lok Sabha
- 9 Delegated Legislation
- 10 Rule 267 of Rajya Sabha Rule Book