BANKING & FINANCE
Banking Affairs
Nashik Municipal Corporation Debuts First-Ever Green Municipal Bond in Maharashtra
The Nashik Municipal Corporation (NMC) has successfully listed Maharashtra's first Urban Local Body (ULB) Green Municipal Bonds on the National Stock Exchange (NSE).
The capital raised will be strictly utilized for 'green' or environmentally sustainable urban projects, including renewable energy and waste management.
This move aligns with India's long-term commitment to reach Net-Zero Emissions by the year 2047.
Exam Perspective: Municipalities are increasingly shifting toward green financing to fund sustainable urban infrastructure rather than relying solely on state grants.
The capital raised will be strictly utilized for 'green' or environmentally sustainable urban projects, including renewable energy and waste management.
This move aligns with India's long-term commitment to reach Net-Zero Emissions by the year 2047.
Exam Perspective: Municipalities are increasingly shifting toward green financing to fund sustainable urban infrastructure rather than relying solely on state grants.
Key Facts / Static GK
NSE MD: Ashishkumar Chauhan
First Municipal Bond in India: Bangalore (1997)
First Green Municipal Bond in India: Ghaziabad (2021)
First Municipal Bond in India: Bangalore (1997)
First Green Municipal Bond in India: Ghaziabad (2021)
Practice Quiz — 13 March 2026
Q1. Who has been appointed as the new Managing Director and Chief Executive Officer of HDFC ERGO General Insurance in March 2026?
Answer: (B) Parthanil Ghosh — Parthanil Ghosh has been selected to lead HDFC ERGO General Insurance as its MD and CEO, succeeding Anuj Tyagi.
Q2. What is the primary objective of the 'Lake and Air Watch' initiative launched by the Gujarat government?
Answer: (B) To monitor urban lake ecosystems and air quality using real-time digital systems — The 'Lake and Air Watch' initiative is designed for real-time environmental monitoring of lake health and air quality across Gujarat's cities using digital and satellite-based systems.
Q3. Under the Orunodoi 3.0 scheme of the Assam government, what is the specific amount transferred to each woman beneficiary?
Answer: (C) ₹9,000 — The Assam government transferred ₹9,000 each to 40 lakh women beneficiaries under the Orunodoi 3.0 scheme to provide financial assistance.
Q4. Regarding the 'Nirbhaya Nisha' initiative, which of the following statements is correct?
Answer: (B) It provides rapid police assistance to women between 9 PM and 5 AM. — The Kerala Police launched 'Nirbhaya Nisha' specifically to provide rapid assistance to women during night hours (9 PM to 5 AM).
Q5. Where was the 'Indian Orchid Festival 2026' held?
Answer: (B) Pakyong, Sikkim — The Indian Orchid Festival 2026 concluded at the Pakyong district in Sikkim.
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