HFC Current Affairs, GK & News

US Senate ratifies Kigali Amendment

The US lawmakers recently voted to ratify the Kigali Amendment, making this the first time in 30 years for the US to adopt an international climate treaty. Key facts The US Senate voted ratify the 2016 Kigali Amendment to the 1987 Montreal Protocol climate treaty and phase down the use and production of hydrofluorocarbons (HFCs), ..

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Cabinet approves Partial Credit Guarantee Scheme

Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited to first loss of up to 10% of fair value of assets (FAV) being purchased ..

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