What company was granted the 'Infrastructure Finance Company (IFC)' status by the Reserve Bank of India (RBI) recently?
  • SEBI
  • Niti Aayog
  • Paytm Payments Bank
Answer- A
The Indian Renewable Energy Development Agency (IREDA) has been awarded the status of an "Infrastructure Finance Company (IFC)" by the Reserve Bank of India (RBI). This means that IREDA will now be recognized as a specialized financial institution that primarily focuses on providing long-term funding for infrastructure projects in the renewable energy sector in India. This move by the RBI will likely enhance IREDA's ability to raise funds from various sources and help facilitate the growth of renewable energy infrastructure in the country.