Capital

Maiden Tranche of Sovereign Green Bonds

January 26, 2023

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 ..

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RBI launches OBICUS

April 17, 2020

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 ..

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

April 8, 2020

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 ..

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Facts Box: “Three Capital Bill” of Andhra Pradesh

January 23, 2020

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 ..

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Kalimantan: Indonesia to move capital from Jakarta to Borneo Island

September 1, 2019

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 ..

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Indonesia to shift capital from Jakarta to East Kalimantan

August 26, 2019

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, ..