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Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year

The proceeds will be deployed in public sector projects to cut carbon intensity

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The government will issue ₹160 billion (~$1.9 billion) worth of sovereign green bonds (SGB) in the last quarter of the current fiscal year (FY2022-23) to raise funds for the development of green infrastructure, the Reserve Bank of India (RBI) said in its half-yearly review report on government finances.

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