{"id":3326,"date":"2023-02-26T07:03:05","date_gmt":"2023-02-26T01:33:05","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=3326"},"modified":"2025-03-26T11:44:22","modified_gmt":"2025-03-26T06:14:22","slug":"indian-renewable-energy-development-agency-ireda","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/indian-renewable-energy-development-agency-ireda\/","title":{"rendered":"Indian Renewable Energy Development Agency (IREDA)"},"content":{"rendered":"<h2>About Indian Renewable Energy Development Agency (IREDA):<\/h2>\n<ul>\n<li><strong>Nodal Ministry: <\/strong>The Ministry of New and Renewable Energy (MNRE).<\/li>\n<li>It was set up as a specialized non-banking finance agency for the renewable energy sector.<\/li>\n<li>IREDA plays a key role <strong>in renewable energy project financing<\/strong> which gives confidence to the financial institutions\/banks to lend in the sector.<\/li>\n<\/ul>\n<h3>Key facts about the GIFT City<\/h3>\n<ul>\n<li>The Gujarat International Finance Tec-City (GIFT City) is India\u2019s first and only International Financial Services Centre (IFSC) where banks, stock exchanges and financial services firms have set up their global operations.<\/li>\n<li>It consists of a multi-service Special Economic Zone (SEZ), which houses India\u2019s first International Financial Services Centre (IFSC) and an exclusive Domestic Tariff Area (DTA).<\/li>\n<\/ul>\n<h3>What is IFSCA?<\/h3>\n<ul>\n<li>It is a statutory authority established under the International Financial Services Centres Authority Act, 2019.<\/li>\n<li><strong>Mandate:<\/strong> To develop and regulate the financial products, financial services, and financial institutions in the International Financial Services Centres (\u2018IFSC\u2019).<\/li>\n<li>Before the establishment of IFSCA, the domestic financial regulators, namely, RBI, SEBI, PFRDA and IRDAI regulated the business in IFSC.<\/li>\n<li>GIFT-IFSC is the maiden IFSC in India.<\/li>\n<li>The International Financial Services Centres Authority consists <strong>of nine members,<\/strong> appointed by the central government.<\/li>\n<li><strong>Term: <\/strong>All members of the IFSC Authority will have a term of three years, subject to reappointment\u00a0<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is Renewable energy?<\/h3>\n<p>Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Example Sunlight and wind,<\/p>\n<p><strong>\u00a0Source:<\/strong>\u00a0<a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1902164\" target=\"_blank\" rel=\"nofollow noopener\"><u>IREDA to establish an office in Gujarat\u2019s GIFT city to finance Renewable Energy projects in foreign currency<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IREDA plays a key role in renewable energy project financing which gives confidence to the financial institutions.<\/p>\n","protected":false},"author":5,"featured_media":3327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=3326"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/3327"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=3326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=3326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=3326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}