DAILY CA: 30 , 31 JAN 2022
1.
150 INDIAN VILLAGES TO CONVERT INTO ‘VILLAGES OF EXCELLENCE’
·
The
Central Government will convert 150 villages around Centres of Excellence
(CoEs) into ‘Villages of Excellence’ in 12 States with technical assistance from
Israel government.
·
75
villages will be taken up in the first year to commemorate the 75th year of
India’s independence.
·
India
and Israel also completed its 30 years of diplomatic relation.
2.
SBI LISTS $300 MILLION VIA TAIWAN’S FORMOSA BONDS ON INDIA INX
·
The State
Bank of India (SBI) listed its 1st USD 300 million Formosa bonds on India
International Exchange IFSC (India INX).
·
SBI
became the first Indian entity to raise money through Formosa Bond.
·
Through
the issuance, India INX became the first Exchange in IFSC (International
Financial Services Centre) to list Formosa Bonds issued by SBI.
·
SBI,
acting through its London branch, raised USD 300 million of ‘Regulation S’
Formosa bonds at a coupon rate of 2.49 percent.
·
Formosa bond -It
is a bond issued in Taiwan and listed on the Taipei Exchange.
·
The
bond is dominated by currencies other than the New Taiwan dollar.
·
In
order to qualify as Formosa bond issuers, borrowers need to have an investment
grade or credit ratings of BBB or higher.