The Reserve Bank of India (RBI) has issued a notification regarding the ‘Fully Accessible Route’ (FAR) for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds. The notification was issued on 23rd January, 2023 and come into immediate effect.
The Government Securities eligible for investment under the FAR (‘specified securities’) were notified by the RBI by a notification dated 30th March, 2020, and additionally on 7th July, 2022.
It has now been decided to also designate all Sovereign Green Bonds (SGrbS) issued by the Government in the fiscal year 2022-23 as ‘specified securities’ under the FAR.
Pertinently, it may be recalled that IRDAI had also previously issued a notification classifying and categorising SGrBs.