RBI Governor announces commencement of sovereign green bond trading in IFSC Gujarat in the current fiscal year's second half.
RBI Governor Shaktikanta Das announces that trading of sovereign green bonds will commence in the IFSC in Gujarat during the second half of the current fiscal year. The Indian government has raised ₹36,000 crore through green bonds since 2022-23 and aims to raise ₹12,000 crore in the first half of the fiscal year. The RBI launched a framework for trading sovereign green bonds in GIFT City in April. Finance Minister Nirmala Sitharaman's 2024-25 budget speech introduced a climate taxonomy to mobilize funds for the green sector and support India's climate commitments.
August 10, 2024
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