CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Municipal Corporation (GMC)has issued India’s first Green Municipal bond?
A
Delhi Municipal Corporation
B
Ghaziabad Municipal Corporation
C
Chandigarh Municipal Corporation
D
Bangalore Municipal Corporation
Explanation: 

Detailed explanation-1: -Apart from being the first Indian city to debut municipal bonds, Indore is also the first city to have begun earning through carbon trading. The city has been making considerable efforts to cut down carbon emissions and to work on carbon credit monetisation.

Detailed explanation-2: -The Indore offering is also expected to be the first municipal green bond issued in the nation specifically for retail investors. In accordance with Divyank, the 60-megawatt (MW) solar facility would be built close to Indore at a cost of Rs. 3 billion and will allow the city to save as much as Rs.

Detailed explanation-3: -Nirmala Sitharaman approves India’s First Sovereign Green Bonds Framework. Union Minister for Finance & Corporate Affairs Smt.

Detailed explanation-4: -On Friday (January 6), the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16, 000 crore, in two tranches of Rs 8, 000 crore each in the current financial year.

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