The Union finance ministry is putting finishing touches to its framework to issue ‘green bonds’ in the second half of the fiscal year, as part of its H2 borrowing of Rs 5.86 trillion. Initially, green bond issuances will only be a few tranches of its weekly government securities offerings and may not exceed more than Rs 25,000 crore, Business Standard has learnt.
Additionally, there have been talks within the government on providing tax benefits to make these instruments relatively attractive for investors, Central Board of Direct Taxes Chairman Nitin Gupta told Business Standard.
“Discussions have taken place on this matter. It is a policy decision but, so far, there has been no outcome,” Gupta said.