Finance Ministry: Government can raise Rs 16000 crore through green bonds, which will get final approval soon

Posted on 10th Nov 2022 03:51 pm by rohit kumar

The central government may soon issue sovereign green bonds. The Finance Ministry has finalized its framework according to the global standard. Rs 16,000 crore can be raised by issuing green bonds between October and March in the second half of the current financial year 2022-23. This is a part of the borrowing program for the second half. It was announced in this year's budget.

 

 

Sources said the roadmap is ready. It will be approved soon. It will be deployed in those government sector projects, which help in reducing carbon emissions in the economy. Through this, the government aims to woo foreign investors. Right now many domestic and foreign investors want to invest in bonds.

 

 

GDP to grow at a slow pace of 5.5% in 2023-24: UBS India

India's economic growth rate may slow down to 5.5 percent in 2023-24. It is estimated to be 6.9 percent in the current financial year 2022-23. Economists at UBS India said the slowdown in global growth and tighter monetary policies will reduce the pace of domestic GDP. According to the report, India will be one of the 'less affected economies in the world. Yet the fifth largest economy will not survive global adversities.

 

Also Read: Meta layoffs: Zuckerberg confirms layoff reports, those who will be fired will get four months' salary

Other news

Parsi New Year 2022: Today is Parsi New Year 'Navroz', know its tradition, history and importance

Parsi New Year 2022: Today the Parsi community is celebrating Navroz i.e. New Year. Navroz is als

Gautam Gambhir: 'ISIS Kashmir' threatens to kill Indian coach Gautam Gambhir, complains to Delhi Police.

Indian cricket team head coach and former BJP MP Gautam Gambhir have received a death threat from

Waqf Bill: Maulana Arshad Madani upset with PM's comment; Appeal to Nitish-Naidu to stop the Waqf Amendment Bill from being passed.

Jamiat-Ulema-e-Hind president Maulana Arshad Madani on Sunday criticized Prime Minister Narendra

Jyoti Malhotra: Another revelation... Jyoti met the young man who brought a cake to the embassy after the Pahalgam attack in Pakistan.

With the emergence of another video related to YouTuber Jyoti Malhotra, who was caught on charges

Government considering giving rights to Tamils in Sri Lanka, Wickremesinghe said - Social Justice Commission will be formed soon

Sri Lankan President Ranil Wickremesinghe said that his government is considering full implementa

Big threat to the world, Chinese rocket weighing 23 tons falling back on the earth

China, which is building its space station, has suffered another major setback. The 23-ton rocket

Ayodhya Ram Mandir: Job in private company after MBA, read who is Yogiraj Arun who shaped the idol of Ramlala

The idol of 'Ramlala' made by Karnataka's renowned sculptor Arun Yogiraj will be consecrated in t

Ram Gopal Varma: Ram Gopal Varma disappeared from home to avoid arrest, issued a video and gave clarification

Filmmaker Ram Gopal Varma is trying to avoid arrest these days. The police are constantly looking

Samsung's cheapest new launch phone can be bought from Amazon from December 16, heart-pleasing features

Samsung Galaxy M04 On Amazon: Samsung has launched a phone that will please its customers. Samsun

BPSC Exam Protest: Decision on re-conducting BPSC exam today! The government is ready, it is just waiting for this

In the student parliament that went on for seven hours in Gandhi Maidan, everyone was unanimous t