Sustainable Finance To The Point | Drishti IAS English

Drishti IAS English presents to you a new daily programme, To The Point, – covering all relevant and important topics from UPSC and state PSC points of view. In this programme, one particular topic of current affairs will be discussed in a comprehensive and concise manner covering static and factual information along with conceptual ideas. This will make it easy for the aspirant to understand, retain and draw interlinkages. This programme will help not only in prelims but also in all Mains as well as in Essay papers.

Thank you hello and welcome to the drishti’s to the point program our today’s topic is sustainable finance first of all we’ll see why this is the news recently a committee constituted by international financial services center’s authority that is ifsca submitted its report on sustainable finance suggesting development of the carbon market among others now

Let’s understand that what is sustainable finance it is defined as investment decisions that take into account the environmental social and governance that is esg factors of an economic activity or project environmental factors include mitigation of the climate crisis or use of sustainable resources social factors include human and animal rights as well as

Consumer protection and diverse hiring practices governance factors refers to the management employee relations and compensation practices of both public and private organizations now let’s know that what are recommendations of committee it recommends for developing a voluntary carbon market setting up of a dedicated msme that is micro small and medium enterprises

Platform for sustainable lending facilitating the use of innovative instruments such as catastrophic bonds municipal bonds green securitization and blended finance among others enabling aggregation facilities impact funds green equity etc and ifsc ifsc has to play a vital role in capacity building which lays the foundation for greening the financial system now

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Let’s have a look that what is international financial services center’s authority or ifsca the ifsca was established in 2020 under the international financial services center’s authority act 2019. it is headquartered at gift that is gujarat international finance tech city city gandhinagar in gujarat it is a unified authority for the development and regulation

Of financial products financial services and financial institutions in the ifsc in india at present the gift ifsc is the maiden international financial services center in india now it’s time for the practice question and the question is consider the following statements regarding the international financial services center’s authority that is ifsca statement

One it was established in 2020 under the international financial services centers authority act 2019 and statement 2 it is a unified authority for the development and regulation of financial products financial services and financial institutions in the ifsc in india you have to select the correct statement with the help of the given options and options are a one

Only b two only see both 1 and 2 or d neither one nor two so don’t forget to answer in the comment section stay tuned for the next session till then dear view was watched this topic in hindi is hindi youtube channel

Transcribed from video
Sustainable Finance – To The Point | Drishti IAS English By Drishti IAS EnglishliveBroadcastDetails{isLiveNowfalsestartTimestamp2022-10-14T060010+0000endTimestamp2022-10-14T060540+0000}