CashNews.co MUMBAI (Reuters) – India’s central bank continues to be in talks with the European Securities and Markets Authority (ESMA) but views the latter’s proposal for supervisory and auditing powers over domestic clearing corporations as “extra jurisdictional”, an official said on Thursday. “We have taken a very consistent stand that ESMA is being extra jurisdictional […]
CashNews.co With the 29th edition of the Conference of Parties expected to commence in Baku, India is expected to stick to its stance of getting developed countries to increase climate finance. | Photo Credit: Getty Images With the 29th edition of the Conference of Parties expected to commence in Baku, India is expected to stick […]
CashNews.co India’s consumer price index-based inflation may breach the upper limit of 6% of the Reserve Bank of India’s target band in October due to a sharp rise in food prices, according to Citi Research. This rules out the possibility of a rate cut by the RBI in December, Citi said in a note. The […]
CashNews.co By Anant Chandak and Rahul Trivedi BENGALURU (Reuters) – Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank’s tolerance threshold of 6.0%. Food prices, which make […]
CashNews.co The report reiterated that financing is already available in India and that additional capital is ready to be unlocked, closing the gap in scaling innovative decarbonisation solutions. Credit: Shutterstock The ‘Landscape and Opportunities to Finance the Decarbonisation of India’s Apparel Manufacturing Sector’ report outlined solutions for mobilising sustainable financing to support the decarbonisation of […]
CashNews.co For India, availability and access to affordable finance remains a continuing challenge in its progress towards its climate commitments. The latest Economic Survey of India estimates that financing to the tune of USD 2.5 trillion is necessary to meet India’s Nationally Determined Contributions (NDC) targets till 2030. In addition, India’s first Adaptation Communication submitted to United […]
CashNews.co Although India receives climate finance from a variety of sources including the Union Budget, international organisations (like the International Finance Corporation and the Asian Development Bank), bilateral donors and private investors, the funding gap remains daunting. For example, although the World Bank group advanced $31 billion in climate finance to India in FY 2024, it […]
CashNews.co With just days left until the United Nations Climate Change Conference (COP29) begins in Azerbaijan, negotiators have yet to clearly outline a deal for a new climate finance goal. Previous targets, set during COP15 and COP21, aimed to mobilise $100 billion for climate financing. India has emphasised that developed nations need to provide at […]
CashNews.co The International Finance Corporation’s USD 400 million investment in Bajaj Finance aims to expand climate finance for EVs and energy-efficient goods, contributing to India’s net-zero goals and promoting financial inclusion through increased access to green financing. November 07, 2024. By EI News Network The International Finance Corporation (IFC), part of the World Bank Group, […]
CashNews.co “Accelerating climate financing is crucial for India to meet its net-zero goals. IFC’s investment in Bajaj Finance will boost market competition, inspiring other NBFCs and investors to expand their financing for energy-efficient solutions, e-mobility, and microfinance,” Imad N Fakhoury, Regional Director for South Asia, IFC, said. Read More #cashnews #India #finance