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My Notes 09 Jan 2017 09-01-2017

Dear Students:

Please follow My Notes and My Video 09-Jan-2017

Revisiting passage from India

  1. What are the challenges Persons of Indian origin are facing in various parts of the world?
  2. What are the opportunities a strong diaspora can provide for the nation?discuss with examples
  3. What are the challenges to the unity of Indian diaspora abroad?
  4. What the Government of india shall do to improvise the situation of Indians a broad?


The slowing economy

  1. What are the reasons for slowing of Indian economy?
  2. How can Government address the situation?

Unclogging the cities

  1. What is the recent decision of Delhi govt on easing the traffic and decongesting Rajiv chowdary/CP?
  2. What are congestion charges?
  3. What are the arguments in favour and against the demotorisation of roads?

Time for a political solution

  1. What is national unity Government in srilanka?
  2. What are major political and social conditions that are hindering reconciliation?

Looking  towards  a  greener  future

  1. What is a green bond market?
  2. What are

a)      Green masala bonds

b)      Blue bonds

c)       Climate bond initiative

  1. What are the issues green bond market is facing?



  1. What is GAAR?
  2. What are the major achievements of CBDT this year?



My Notes

Revisiting a passage from India

In today s globalised world, strong diaspora is a strength of a nation strategically and economically. China during dengxioping era has immensely gained from its strong diaspora in south east Asia. Indian diaspora in USA was crucial in getting approvals for India USA nuclear deal. Remittances have always maintained Indian forex  reserves.


Indian diaspora can be broadly divided in to two categories. People migrated before independence and after independence. Before independence it was a forced migration but after that it is an economic migration. It spreads across all the continents.

Diaspora in west Asia are the stable source of remittances to India. Instability, loss of income from lowered oil prices are making them vulnerable. A standard operational structure need to be developed by the Government for their safety.


Added to this, Indian diaspora in small island nations like fiji are looking for Indian Government support whenever their Government are toppled by locals. Indian policy had been not to meddle with the internal affaires of these countries. India shall relook at this policy.




Unclogging the cities

Pedestrian only zone is created in Cannaughtplace in New Delhi. Partnering with the New Delhi Municipal Council and Delhi Traffic Police, the union urban development has announced  a three-month pilot from February to study traffic flow, parking issues and experiences of pedestrians and shop owners.

Based on the feedback, the government could make the arrangement permanent.


Pedestrian only Zones are very common in west and decongestion charges are applied for any vehicular traffic to move in these areas. Studies proved that it will help the business against to the popular argument that it will hurt the business.


The slowing economy

CSO reports show that expectation of growth are slowing down due to fall in services, manufacturing and mining.

Unless money circulation increases in economy and Government provides for fiscal stimulus, economic momentum can further go down.



Time for  a  political  solution

National unity Government of srilanka is failing on reconciliation and hopes of the people are fast declining. The major reasons are

  1. Excessive focus on economic issues
  2. Weakening of global pressure
  3. Opposition form sinhala groups
  4. Strong divides existing among the people

Looking  towards  a  greener  future

Indian green bond market is growing. Innovation is facilitating the same. Certain challenges still exist. Lack of scale for many of the projects is the challenge. Here, securitization and aggregation could be a welcome move.


What are green bonds?

A bond is a debt instrument with which an entity raises money from investors. The bond issuer gets capital while the investors receive fixed income in the form of interest. When the bond matures, the money is repaid.

A green bond is very similar. The only difference is that the issuer of a green bond publicly states that capital is being raised to fund ‘green’ projects, which typically include those relating to renewable energy, emission reductions and so on. There is no standard definition of green bonds as of now.

Indian firms like Indian Renewable Energy Development Agency Ltd and Greenko have in the past issued bonds that have been used for financing renewable energy, however, without the tag of green bonds.

Green bonds are issued by multilateral agencies such as the World Bank, corporations, government agencies and municipalities.  Institutional investors and pension funds also have appetite for such bonds. For instance, investment funds BlackRock and PIMCO have specific mandates from their investors to invest only in bonds which fund green projects. The issuer provides periodic reports about the project.



Why are they in the news?

In March, the Exim Bank of India issued a five-year $500 million green bond, which is India’s first dollar-denominated green bond. The issue was subscribed nearly 3.2 times. The bank has said it would use the net proceeds to fund eligible green projects in countries including Bangladesh and Sri Lanka. Earlier, in February, Yes Bank raised Rs 1,000 crore via a 10-year bond, which was oversubscribed twice.


Why are green bonds important for India?

India has embarked on an ambitious target of building 175 gigawatt of renewable energy capacity by 2022, from just over 30 gigawatt now. This requires a massive $200 billion in funding. This isn’t easy. As reports suggest, higher interest rates and unattractive terms under which debt is available in India raise the cost of renewable energy by 24-32 per cent compared to the U.S. and Europe. “India has big goals in terms of renewable energy installations, but a big hurdle has been financing and the cost of financing,” .




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