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Indian Economy - Understanding the basics of Indian economic system

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Which Municipal Corporation has Issued India’s First Green Bonds ?

Allahabad Municipal Corporation

Meerut Municipal Corporation

Lucknow Municipal Corporation

Ghaziabad Municipal Corporation

Explanation:

The Ghaziabad Municipal Corporation (GMC) has issued India’s first Green Municipal bond.
The green bond was listed on the BSE bond platform on April 08, 2021. It opened for a subscription on March 31, 2021.
GMC has raised Rs. 150 crore at a cost of 8.1 percent through the issuance of green bonds.

By: Rohit Middha

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