India Signs Loan agreement with World Bank for USD 48 million
- India has signed A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community – Led Landscapes Management Project (MCLLMP)” with the World Bank.
- The Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya.
The Project consists of three components:
- Strengthening Knowledge and Capacity for Natural Resource Management.
- Community-led landscape planning and implementation and
- Project Management and Governance.
Plastic Waste Management (amendment) rules
- The Ministry of Environment, Forest and Climate Change has notified the Plastic Waste Management (Amendment) Rules 2018.
- The amended Rules lay down that the phasing out of Multilayered Plastic (MLP), which are “non-recyclable, or non-energy recoverable, or with no alternate use.”
- The amended Rules also prescribe a central registration system for the registration of the producer/importer/brand owner.
- The centralised registration system will be evolved by Central Pollution Control Board (CPCB) for the registration of the producer/importer/brand owner.
- While a national registry has been prescribed for producers with presence in more than two states, a state-level registration has been prescribed for smaller producers/brand owners operating within one or two states.
- In addition, Rule 15 of the Plastic Waste Management (Amendment) Rules 2018 on “explicit pricing of carry bags” has been omitted.
Auction for Sale (Re-issue) of Government Stocks, Floating Rate Bonds
- The Government of India has announced the Sale (Re-issue) of
- “6.65 per cent Government Stock, 2020” for a notified amount of ` 2000 crore(nominal) through price based auction.
- “Government of India Floating Rate Bonds 2024” for a notified amount of `3000 crore(nominal) through price based auction.
Type of Government bonds
Dated Government securities:
- Dated Government securities are long term securities or bonds of the government that carries a fixed or floating coupon (interest rate).
- Mostly financing the fiscal deficit is the most important purpose for issuing the dated securities.
- The securities are named as dated securities because of the date of maturity expressed.
Floating Rate Bonds:
- Floating Rate Bonds are those securities which do not have a fixed coupon rate/interest rate.
- The coupon rate is re-set at the pre-announced intervals (such as, every six months or one year).
Zero Coupon bonds:
- Zero coupon bonds are those which do not pay any interest to the bondholders.
- They are offered at a large discount on the face value of the bond.
- On maturity, the bondholder receives the face value of his investment.
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