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ECONOMY & POLICY

"Reducing Carbon Footprint: Strategies for Environmental Sustainability"

Somewhere in 2006, Swedish pension funds concerned with global warming and environmental degradation were looking to diversify their portfolio to include investments in environment-friendly projects that would not carry additional risk. They could not find any such instruments. This led t...

Somewhere in 2006, Swedish pension funds concerned with global warming and environmental degradation were looking to diversify their portfolio to include investments in environment-friendly projects that would not carry additional risk. They could not find any such instruments. This led them to explore the possibility of creating an instrument like a regular investment product in terms of yield, security, risk and maturity, while addressing concerns related to the environment. After many discussions with stakeholders, the draft of an instrument was prepared. With this, investors approached the World Bank within a month of deliberations, the Bank accepted the concept and worked out the details and the first ‘green bond’ was born in 2008. This bond created the blueprint for today’s green bond in terms of the criteria to be followed to be classified as one. While drafting the product, financial and environmental teams interacted, understanding and addressing their respective concerns, to ensure that the bond meets the objective with which it was designed. This included criteria like opinion from recognised climate research institutions, transparency and impact reporting. This bond established that it is possible to raise funds at competitive rates for environmentally sustainable projects and that there is a large pool of investors willing to invest in such bonds. What are green bonds? Green bonds are fixed-income instruments funding projects related to the climate and environment. However, deciding what should count within that definition can be difficult. The Climate Bonds Initiative (CBI), International Capital Market Association (ICMA), European Union and Chinese government have developed guidelines to define green bonds. Broadly, green bonds finance projects aimed at energy efficiency, pollution prevention, sustainable agriculture, fishery and forestry, the protection of aquatic and terrestrial ecosystems, clean transportation, clean water and sustainable water management.

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Infrastructure Energy

Jyoti Structures expands manufacturing capacity in Nashik

The announcement Jyoti Structures (JSL) reported steady operational performance in 2025, supported by stable project execution across its power transmission portfolio. The company commissioned galvanisation operations at its second Nashik manufacturing unit, adding 33,000 MT of annual capacity. This increased aggregate tower manufacturing capability at Nashik to approximately 69,000 MT per annum, aimed at improving fabrication accuracy, scheduling control and delivery predictability. JSL also expanded its workforce to over 750 employees, onboarding more than 70 engineers during the year. C..

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Infrastructure Energy

TSPL Mega Health Camp Reaches 338 Residents in Mansa

Talwandi Sabo Power (TSPL), Punjab’s largest and North India’s largest private thermal power plant, organised a Mega Health Camp at Village Raipur, Mansa, under its flagship healthcare initiative Project SEHAT. The camp benefitted 338 community members through free consultations and diagnostic services.A team comprising a General Physician, Gynaecologist, Dermatologist and Dentist provided medical advice and treatment. Beneficiaries received free diagnostic tests including BP, HB, blood sugar, malaria, dengue and blood group tests, along with free medicines.The camp was inaugurated by Vill..

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Infrastructure Transport

Mumbai Coastal Road Musical Path Plays Jai Ho

Mumbai inaugurated India’s first musical path on the Coastal Road that plays the song Jai Ho for motorists. The civic administration said the installation used Hungarian technology and that the intention was to implement the concept of Sangeet Marg in future projects. A senior official suggested implementing a pilot on the Samruddhi Expressway, which connects Mumbai and Nagpur. City officials described the inauguration as a symbolic demonstration of collaboration between municipal authorities and foreign partners. The inauguration was attended by the Consul General of Hungary Ferenc Jari, f..

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