{"id":213296,"date":"2022-11-07T19:28:36","date_gmt":"2022-11-07T13:58:36","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=213296"},"modified":"2022-11-07T19:28:36","modified_gmt":"2022-11-07T13:58:36","slug":"rs-16k-crore-green-bond-framework-to-cover-funding-across-sectors","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rs-16k-crore-green-bond-framework-to-cover-funding-across-sectors\/","title":{"rendered":"Rs 16K-crore green bond framework to cover funding across sectors"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201cRs 16K-crore green bond framework to cover funding across sectors\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>Business Standard <\/b>on<b> 7th November 2022.\u00a0<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Ministry of Finance is expected to soon release a <\/span><span style=\"font-weight: 400;\">framework for its maiden Rs 16,000-crore Green Bond issuance.<\/span><\/p>\n<h5><b>What is Green Bond?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">A green bond is essentially a fixed-income instrument, just like the regular corporate or government bond, but it is issued to raise capital specifically for climate-related or environmental projects.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This specific use of the funds distinguishes green bonds from regular papers (the funds raised via regular bonds have no such strings attached).<\/span><\/p>\n<h5><b>About the proposed Green Bond Framework<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">As part of the Fiscal Year(FY-23) borrowing calendar, the Finance Ministry had announced that it would issue sovereign green bonds worth Rs 16,000 crore.<\/span><\/p>\n<p><b>The framework is expected to cover the funding<\/b><span style=\"font-weight: 400;\"> of green and sustainable infrastructure across the road, railway, urban transportation, agriculture and social sectors apart from renewable energy projects.<\/span><\/p>\n<p><b>Significance:<\/b><span style=\"font-weight: 400;\"> Once issued, India will join the club of 25 nations so far whose governments have issued bonds to exclusively fund climate sustainability and green infrastructure projects and initiatives.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cRs 16K-crore green bond framework to cover funding across sectors\u201d published in Business Standard on 7th November 2022.\u00a0 What is the News? The Ministry of Finance is expected to soon release a framework for its maiden Rs 16,000-crore Green Bond issuance. What is Green Bond? A green&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rs-16k-crore-green-bond-framework-to-cover-funding-across-sectors\/\">Continue reading <span class=\"screen-reader-text\">Rs 16K-crore green bond framework to cover funding across sectors<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,9],"tags":[10503],"class_list":["post-213296","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-public","tag-business-standard","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704955269},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/213296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=213296"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/213296\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=213296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=213296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=213296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}