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The decision is part of the RBI’s push to put in place regulations that encourage the nation’s banks to lend more to environment-friendly projects and mitigate risks emerging from climate change
Will the PM’s latest directive be followed by the relevant authorities?
The concept of green bonds goes back only 15 years, and India first issued them only in 2015. With the government soon to issue sovereign green bonds to fund environment-friendly projects, will India get the much-needed push to make a mark globally?