CURRENT AFFAIRS: BANKING & FINANCE
PSBs, insurers likely drove India’s 1st green bond auction
- The Reserve Bank of India (RBI) conducted the auction of green bonds, with a total of 8,000 crore worth of two securities, a 5-year bond and a 10-year bond being sold.
- The 5-year and 10-year green bonds were issued at a premium compared to the similar existing maturity sovereign regular bonds.
- This is part of the Rs 16,000 crore Sovereign Green Bond auction that the RBI will conduct in the current financial year.
- The second green bond auction will be conducted on February 9, 2023.
CURRENT AFFAIRS: BANKING & FINANCE
India may peg nominal GDP growth at about 11% in the 2023/24 budget
- India is likely to peg its nominal gross domestic product (GDP) growth at around 11% during the budget session, marking a slowdown from its estimate for the current fiscal year due to the prospect of weak exports.
What is Nominal GDP growth?
- Nominal GDP growth is the value of all the final goods and services at current market prices.
- Nominal GDP growth takes into account factors such as inflation, price changes, changing interest rates, and money supply at the time of determining GDP.
