Mains Marathon – UPSC Mains Current Affairs Questions – January 10

Read the following questions and answer them by clicking on the links in not more than 200 words

Time: 30 Minutes

Kindly review each others answers.

1.How can Aadhaar help in financial inclusion? What constraints does Aadhaar-based system face in achieving a cashless economy? (GS 1)

आधार वित्तीय समावेशन में कैसे मदद कर सक्ता हैं? कैशलेस अर्थव्यवस्था के लिए आधार आधारित प्रणाली किन बाधाओं का सामना कर रही है?

Live Mint

2.The challenge before India lies in tapping its disapora’s financial and intellectual capital. Critically examine. (GS 2)

भारत के पास चुनौती है की वह कैसे वित्तीय और बौद्धिक पूंजी का इस्तेमाल करे। गंभीर रूप की जांच करें।

The Hindu

3.What are green bonds? What is the contribution of green bonds in addressing climate change in India? (GS 3)

ग्रीन बांड्स क्या होती हैं? भारत में जलवायु परिवर्तन के समाधान में ग्रीन बांड का क्या योगदान है?

The Hindu


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  • Chandraprakash Kumar

    Green bonds have emerged as key financing mechanism driving India’s transition to greener future. This recent growth is because of following reasons-

    1) India’s commitment to Paris Climate Accord to reduce dependence on fossil fuels and increase green infrastructure

    2) Increase in solar projects due to reduction in tariffs, better ROI and better involvement of DISCOMs due to which green financing has increased

    3) Recent listing of green masala bonds by Yes Bank in LSE with International Finance Corporation

    4) Demand for Cap & Trade from developed nations to meet Carbon Credit

    5) Regulatory mechanism introduced by SEBI and RBI for the green bond financing

    However this bond market faces following issues-

    1) Lack of liquid market to trade

    2) Lack of Credit rating or rating guidelines for green projects and bonds

    3) Lack of historical trends on the bond performance

    4) Industry is still in nascent stage and under developed

    Therefore in order to make use of full potential following methods are suggested-

    1) CRISIL, ICRA to install credit rating models for green bond financing so that market becomes liquid

    2) Ratings to make bonds more cheaper

    3) BRICS Bank to rate for masala green bonds

    4) GOI to set up Exchanges in GIFT (Gujarat) specifically to promote green bonds

    5) Merchant Bankers to introduce new products like securitiesed green bonds for making it available to large number of customers

    6) Green Bond to be included in Companies Act as part of CSR investment, Regulatory requirement to boost the market

    Green bond is a recent concept however considering our commitments to COP21 Paris Accord we should promote such innovative techniques to promote renewable financing in India.

  • ForumIAS

    Thanks Ishaan.

  • ForumIAS

    Beginners ke liye hi hai 🙂

  • Pankaj Nimbolkar
  • Bhaisaab

    Thank you sir.
    Rectify Diaspora typo.
    ..Aur haan,..Yahan beginners ke liye bhi kuch writing la scope hai kya?


    gm forumias
    ty sooo much 🙂

  • Indu Rajendran

    The Aadhaar system,centred on biometric data captured to improve access to social services :
    1.Technology ownership -it offers a digitally verification identity,which made it possible for those enrolled to choose cash at an enabled banking facility.
    2.Wages also credited to the bank account of the worker with liked aadhaar card.
    It against:
    1.Cashless economy involves exchange of digital money so called digital wallet,which requires smartphone to work but only 17% of Indian population owned smartphones.
    2.Many tribal communities and rurals to isolation,making it hard to enter into the digital space because of illiterate.
    3.Opening a bank accouis not a simple procedures that make many vulnerable citizens do not know how to get into.

    Aadhaar based system is the forward move can increase programme delivery by reducing leakage.
    And easy access of bank system will get into the digital economy.

  • ForumIAS


  • ForumIAS



    Thank you @ForumIAS

  • Pankaj Nimbolkar

    Thank you sir

    Very important questions