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RBI Boosts Liquidity Through OMOs and Swap: An Environmental Clearance Perspective Why in the News? The Reserve Bank of India (RBI) announced a major environmental clearance-like liquidity infusion through ₹2 trillion Open Market Operations (OMOs) and a $10 billion dollar-rupee swap, amid persistent liquidity deficit, rupee pressure, and elevated government bond yields. This move can …
Read MoreIndia’s Climate Taxonomy: Building a Credible Green Finance Framework Syllabus: GS-2: Renewable Energy GS-3: Government Policies & Interventions Why in the News? In May 2024, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. This “living framework” aims to mobilise green capital, prevent greenwashing, and align India’s finance sector with carbon …
Read MoreWhy in the news? The International Financial Services Centre Authority (IFSCA) is set to issue amended guidelines for direct listing on GIFT City exchanges within a month, facilitating the process for unlisted companies. Clarity has been achieved between the Reserve Bank of India (RBI) and IFSCA regarding the issuance of sovereign green bonds, awaiting the …
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