Indian Renewable Energy Development Agency (IREDA)
On 19th January, 2021, the Cabinet Committee on Economic Affairs (CCEA) cleared a proposal for an equity infusion of Rs 1,500 crores in the state-owned Indian Renewable Energy Development Agency (IREDA).
Objective
- To improve its net worth which will help it in additional Renewable Energy (RE) financing, thereby contributing better to the Indian government targets for Renewable Energy.
- To improve the CRAR (capital-to-risk weighted assets ratio) in order to facilitate its lending as well as borrowing operations.
Impact
- Job Generation and CO2 Reduction: The fresh equity infusion will help in employment generation of approximately 10,200 jobs and CO2 equivalent emission reduction ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Sagarmala Finance Corporation Limited: India’s First Maritime NBFC
- 2 Financial Stability Report
- 3 SEBI Tightens Timelines for Rebalancing Mutual Fund Portfolios
- 4 RBI Relaxes PSL Norms for Small Finance Banks
- 5 Statistical Report on Agriculture and Allied Sectors
- 6 Rapid Expansion of India's Startup Ecosystem
- 7 RBI Introduces STRIPS in State Government Securities
- 8 New Maritime Digital Initiatives: Powering Maritime Efficiency
- 9 India’s First International Agri Hackathon
- 10 Viksit Krishi Sankalp Abhiyan
