Scheme for Trading and Settlement of Sovereign Green Bonds in IFSC
On 29th August, 2024, the Reserve Bank of India (RBI) introduced a new scheme allowing foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds.
Aim
- This move is aimed at increasing non-resident participation in these environmentally focused instruments.
Salient Features
Scope
- The Scheme shall apply to investments in Sovereign Green Bonds issued by the Government of India by eligible investors in the IFSC in India.
Eligible Investors
- Persons resident outside India as defined in Section 2(w) of the FEMA, 1999.
- An IBU (IFSC Banking Units: banking units set up in the IFSC) of ....
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 Ministry of Mines Classifies Limestone as Major Mineral Completely
- 2 New Initiatives to Boost Infrastructure Growth
- 3 Foreign Currency Settlement System for GIFT IFSC
- 4 Angel Funds: SEBI Extends Timeline to Disclose Allocation Methodology
- 5 RBI Grants Exemption to SWAMIH Fund-I
- 6 World Cotton Day 2025
- 7 First State Mining Readiness Index to Boost Mineral Sector Reforms
- 8 Securities Transaction Tax (STT)
- 9 Sundarbans SAIME Model Wins FAO Global Recognition
- 10 Changes in Per Drop More Crop Scheme: Strengthening Water Conservation and Farmers’ Income
