Government of India has announced in the Union Budget 2022-23 that it will be issuing Sovereign Green Bonds. What is the objective behind issuance of Green Bonds?
Answer & explanation
Correct answer: option 4
As announced in the Union Budget 2022-23, Government of India, as part of its overall market borrowings, will be issuing Sovereign Green Bonds (SGrBs), for mobilising resources for green infrastructure. The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.