The ‘Report on Currency and Finance’ has been prepared by the Department of Economic and Policy Research. It does not represent the views of the RBI. India needs to introduce a broad-based carbon pricing system to meet its climate goals, the Reserve Bank of India (RBI) said in a report on Wednesday. The ‘Report on […]
RBI announces framework on green deposits; to boost ‘green finance’ ecosystem – EQ Mag
The framework aims to encourage regulated entities to offer green deposits to customers, protect depositors’ interests, and help augment the flow of credit The Reserve Bank of India (RBI) has announced the framework for the acceptance of green deposits of regulated entities (RE). The central bank has put in place the framework, which will come […]
IREDA gets ‘Infrastructure Finance Company’ status from RBI – EQ Mag
IFC status to allow IREDA to take higher exposure to RE financing and raise funds at competitive rates The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as ‘Investment and Credit Company (ICC)’. With the IFC status, IREDA […]
India’s green bond issuances just 3.8 pc of overall domestic corporate bond market: Report – EQ Mag
Reserve Bank of India issued Rs 16,000 crore worth sovereign green bonds in two equal tranches on Jan. 23 and Feb. 9 The green bond market in the country, which is projected to require more than $10 trillion to meet its green goals, accounts for just 3.8% of the overall outstanding corporate bonds worth more […]
Govt likely to issue green bonds in Jan-March quarter – EQ Mag
Sovereign Green Bonds are likely to be issued during the January-March period of the current fiscal, Minister of State for FinanceInd Pankaj Chaudhary said on Tuesday. The objective of Sovereign Green Bonds is to mobilize resources for green infrastructure as part of the government’s overall market borrowings in 2022-23, he said in a written reply […]
India Needs Dedicated Wing, To Release Green GDP Estimates, Says RBI Article – EQ Mag Pro
India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates for environmental degradation, depletion of natural resources, and savings of resources and environment into the […]
IEEFA: How RBI can play a role in building resilience against climate risks – EQ Mag Pro
Recently, the European Central Bank (ECB) conducted its maiden climate test that showed a sudden jump in carbon prices along with floods and droughts this year would lead to losses of at least US$71.1 billion for the Eurozone’s biggest banks. RBI can learn from other central banks that have already run climate tests using scenarios […]
India’s exports increase by 36.76% y-o-y in January, 2022, there is a growth of 19.72% y-o-y in January, 2022 for Machinery, electrical & non-electrical – EQ Mag Pro
India’s overall exports (Merchandise and Services combined) in January 2022* are estimated to be USD 61.41 Billion, exhibiting a positive growth of 36.76 per cent over the same period last year and a positive growth of 38.90 per cent over January 2020. Overall imports in January 2022* are estimated to be USD 67.76 Billion, exhibiting […]
India Inc’s overseas direct investment dips over 8% to $2.05 bn in Dec 2021 – EQ Mag Pro
Outward foreign direct investment by Indian companies fell by over 8 percent to USD 2.05 billion in December 2021 in the current fiscal, data from the Reserve Bank of India (RBI) showed on Monday. The domestic companies had invested USD 2.23 billion in their overseas joint ventures and fully-owned subsidiaries during December 2020 in the […]
Electric Car Loan: RBI Weighs Priority Sector Loans For Electric Vehicles – EQ Mag Pro
The Reserve Bank of India is considering a proposal from the Niti Aayog to categories loans to purchase electric vehicles under the priority sector lending (PSL) segment. If the proposal is accepted, it will help the segment get credit at lower interest rates. Currently, these loans are given under the auto retail category, but lenders […]
