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

Jal Jeevan Mission achieves 11 crore tap water connections

Prime Minister Narendra Modi recently applauded the Jal Jeevan Mission for achieving 11 crore tap water connections. The mission was announced by the PM in 2019. The main objective of the mission is to provide tap water connections to every ..

Tags: Allocation of Funds • City Governance • Economic development • Economic development in India • Groundwater pollution

Month: Current Affairs - January, 2023

Category: Government Schemes Current Affairs

India’s GDP growth forecast is 7.3% for FY 19, as per World Bank’s latest report

According to the World Bank’s latest report “India Development Update – India’s Growth Story”, India’s GDP growth has been projected at 7.3% for the financial year FY 19 (2018-19) and it is expected to accelerate further to 7.5% in 2019-20. ..

Tags: Economic development in India • Economic growth • Economy of India