Shayan Ghosh & Ram Sahgal shayan.g@livemint.com MUMBAI: Foreign investors in Gujarat's Gift City have yet to warm up to sovereign green bonds five months after the regulatory green light, deterred by their rupee denomination, cooling enthusiasm for green energy, and rising yields in the West.
"As the debt manager to the government, the Reserve Bank of India does not want to issue sovereign securities in dollars. The problem is that investors are not keen on buying rupee securities from the Gift City," a Gift City official said on the condition of anonymity.
Announced in the FY23 Union budget, sovereign green bonds aim to finance public projects focusing on energy transition.
NEW DELHI:
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A positive team culture rests on respect, equality
CCI's \"guidelines\" on player conduct during tours is not a polite suggestion but a sharp warning. In one bold stroke, it has downsized the inflated egos of top stars.
Trump Tells Davos: Make Your Products in the US or Pay Tariffs
President Donald Trump used an address on Thursday to the World Economic Forum to promise global elites lower taxes if they bring manufacturing to the US and threatened to impose tariffs if they don't.
CCPA Issues Notices to Ola, Uber on Differential Pricing
The Notices to the Ride-Hailing Platforms Came After Consumer Complaints and Viral Social Media Posts
Abhishek's attack mode sets him apart
At a time when six-hitting has ceased to evoke the spectacular anymore, Abhishek Sharma's bellicose innings at Eden Gardens on Wednesday offers a fresh perspective to the nouveau concept of batters 'expressing' themselves.
Netaji's legacy inspiration for achieving Viksit Bharat: Modi
Unity among people is as significant in pursuit of \"Viksit Bharat\" (developed India) today, as it was during the fight for \"Swaraj\" (self-rule) during the freedom struggle, Prime Minister Narendra Modi said on Thursday, as he cautioned people to stay vigilant against those seeking to weaken the country and break its unity.
Swinging Keys unlocks first Aus Open final spot, faces Sabalenka
Aggressive American beats in-form Swiatek 5-7, 6-1, 7-6 (10-8) in an epic semi-final in which she kept at it
Principals and Teachers Oppose State Board's Copy-Free Policy
In a move aimed at ensuring transparency during class 10 and 12 board exams, the Maharashtra State Board of Secondary and Higher Secondary Education has decided to appoint external staff, including examination centre directors and supervisors, for schools serving as examination centres for their own students.
Razing of 34 illegal buildings in Vasai begins
Residents say they have nowhere to go; heavy police presence deployed in area
Brand Marketing Stunts Create Noise But Little Else
In Pursuit of a Creative to Go Viral, Brands Resort to All Kinds of Gimmicks. In the Bargain, Brands Can Plunge from the Sublime to the Ridiculous
Controversial social media bill gets parl nod
Pakistan's lower house of parliament on Thursday passed a controversial bill that will give the government sweeping controls on social media, including sending users to prison for spreading disinformation.