Union Budget 2022-23 Current Affairs, GK & News

India’s First Sovereign Green Bonds Framework

The Central Government recently released the framework for the proposed sovereign Green Bond. What are Green Bonds? Green bonds are financial instruments that generate proceeds for the investments in environmentally-suitable and climate friendly projects. These instruments have lower capital cost than regular bonds. Indian Government announced at the Union Budget 2022-23 that it will issue ..

Month: 

Category: 

Topics: 

One Nation One Registration and DILRMP

During the budget presentation, the finance minister Smt Nirmala Sitaraman introduced the One Nation One Registration scheme. This will increase the easing of doing business and also will improve the ease of living. About the scheme The scheme will bring upon uniform registration process throughout the country. No matter where the registration is being made, ..

Month: 

Category: 

Topics: 

KAVACH Technology in Railways

During the budget presentation, the finance minister Smt Nirmala Sitaraman announced that the safety of the Indian trains is to be increased through the KAVACH technology. The railways were allocated Rs 1,37,000 crores. Along with Kavach technology, government is to launch 400 Vande Bharat trains. These trains are to run 2000 km. Government will also ..

Month: 

Category: 

Topics: 

Working of e – Passports

The Government of India is to launch e – passports from 2022 – 23. This is to increase the convenience of the citizens. This was announced by the Finance Minister Smt Nirmala Sitaraman during budget presentation. Working of e – passports The e – passports have a small silicon chip. It is embedded within the ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

Raising and Accelerating MSME Performance (RAMP) Programme

During the Union Budget 2022-23 presentation, the finance minister Smt Nirmala Sitaraman announced that RAMP programme is to be rolled out at an estimated cost of Rs 6,000 crores. The programme is to be implemented for 5 years. About the programme RAMP is a post COVID resilience and recovery programme. It aims to improve the ..

Month: 

Category: 

Topics: