In May 2025, which of the following nodal agencies of the Union Government invited 0 public comments on the Draft Framework of India’s Climate Finance Taxonomy?
Department of Economic Affairs
The question pertains to a recent development in Indian government policy concerning climate finance. In May 2025, a nodal agency of the Union Government sought public comments on the Draft Framework of India's Climate Finance Taxonomy. Let's analyze the given options to identify the correct answer.
- National Statistical Office (NSO): The primary role of the NSO is to collect and disseminate statistical data related to the economy, population, and other aspects. It is not typically involved in policy drafting or climate finance matters.
- NITI Aayog Secretariat: While NITI Aayog is involved in various policy-making and strategic planning, there is no specific indication that it handles the framework for climate finance taxonomy directly.
- Department of Financial Services: This department primarily handles banking, insurance, and financial services. It focuses on the regulation and functioning of financial institutions rather than drafting climate finance frameworks.
- Department of Economic Affairs (Correct Answer): This department is responsible for managing economic policies, finance-related activities, and initiatives concerning sustainable development. Given its remit over economic policy and inclusion in sustainable development agendas, it is the most plausible candidate for drafting such a framework on climate finance taxonomy.
Based on this analysis, the Department of Economic Affairs invited public comments on the Draft Framework of India's Climate Finance Taxonomy in May 2025. This aligns with its role in shaping economic policy and promoting sustainable financial practices in India.
Thus, the correct answer is the Department of Economic Affairs.
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