Union Budget 2022 | FM Nirmala Sitharaman proposes to issue sovereign green bonds to mobilise resources
The Hindu
Finance Minister Nirmala Sitharaman said that outlay for capital expenditure has been stepped up by 35.4% to ₹7.5 lakh crore in FY'23.
Finance Minister Nirmala Sitharaman on February 1 proposed to issue sovereign green bonds to mobilise resources as part of the Government's borrowing programme.
She said that outlay for capital expenditure has been stepped up by 35.4% to ₹7.5 lakh crore in FY'23.
Effective capital expenditure will be ₹10.68 lakh crore, or 4.1% of GDP, in 2022-23, the Finance Minister said, adding public investment must take the lead to pump prime private investment and support demand.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.