Maiden Tranche of Sovereign Green Bonds

The Government of India issues bonds to support environmental projects. These bonds that bring in resources to implement such climate-related projects are called Sovereign Green Bonds. They are similar to government securities. The first tranche, meaning the first part or ..

Tags: Bond Market • Bond yield • Capital • Clean Energy • Climate Action Investment

Month: Current Affairs - January, 2023

Category: Economy & Banking Current Affairs - 2022

RBI launches OBICUS

On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS ..

Tags: Capital • capital goods • inventory-based model • manufacturing sector • OBICUS

Month: Current Affairs - April, 2020

SAFE Scheme: SIDBI provides working capital of Rs 1 crore to MSME

On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises. SAFE Scheme The SIDBI launched SAFE scheme on March 26, 2020. The ..

Tags: Capital • MSME • Personal Protective Equipment (PPE) • SAFE scheme • SIDBI

Month: Current Affairs - April, 2020

Facts Box: “Three Capital Bill” of Andhra Pradesh

The Andhra Pradesh Government has passed the “Andhra Pradesh Decentralisation and Equal Development of All Regions Bill”, 2020. The bill paves way for three capitals of the state. Highlights The three capitals are Amaravati-legislative capital, Vishakhapatnam-the executive capital and Kurnool-judicial ..

Tags: Andhra Pradesh • Capital • Committee for Development • Decentralisation • Good Governance

Month: Current Affairs - January, 2020

Kalimantan: Indonesia to move capital from Jakarta to Borneo Island

Government of Indonesia has announced to move its current capital from Jakarta (on the island of Java) to the sparsely populated East Kalimantan (on Borneo island). Indonesia’s President Joko Widodo has announced that his government plans to build smart, green ..

Tags: Borneo island • Capital • Indonesia • Jakarta • Kalimantan

Month: Current Affairs - September, 2019

Indonesia to shift capital from Jakarta to East Kalimantan

The nation of Indonesia has decided to shift its capital territory from Jakarta to a new site located in East Kalimantan province. What has happened? Indonesia is one of the world’s most populous countries and while home to several islands, ..

Tags: Capital • Climate change • congestion • Environment • Indonesia