WHY IN THE NEWS?

• International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee to recommend an approach towards the development of the Sustainable Finance Hub at IFSC. The expert committee will be chaired by C.K. Mishra, Former Secretary to Government of India, Ministry of Environment, Forest & Climate Change.
• The committee consists of a total of 10 members including the chairperson and the member secretary. The committee shall study the current regulatory practices in Sustainable Finance across major International financial jurisdictions and recommend a robust framework to develop a world-class sustainable finance hub at IFSC, along with a road map for the same.