Public Sector Current Affairs, GK & News

What are Sovereign Green Bonds?

During the Union Budget presentation, the Finance Minister Nirmala Sitaraman announced the issuance of “Green bonds”. These bonds are to be issued to mobilise green infrastructure resources. What are green bonds? Green bonds are debt instruments. The money collected by selling these bonds are invested in projects that have positive impact on the environment. The ..

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RBI Surplus Transfer to Government

The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government from its own reserves. RBI Reserves The following three funds of RBI constitute the Reserves. They are: Currency and Gold Revaluation Account (CGRA), Contingency Fund (CF), Asset Development Fund (ADF). The CGRA is the largest and makes up ..

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Second Five Year Plan (1956-1961)

The success of the First Five year plan boosted the confidence of the leaders. The agriculture growth target in the first plan was achieved, so government quickly started looking beyond agriculture. The second five-year plan focused on industry, especially heavy industry. The target of 25% Increase in the national income was set through rapid industrialization. ..

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