be used for the retirement of a coal plant in mindanao under the adb's energy transition mechanism in the philippines. let me conclude. asia's energy transition is not easy. but it is essential if the world is to avoid catastrophic climate change. we can achieve an effective and inclusive energy transition in asia by coming together and pooling our capital and expertise. thank you. 3 / 3 bis - central bankers'speeches

results of auctions of t - bills and dated governments securities including weighted average price, devolvement on primary dealers and rbi, and information on fixed rate repos are issued through regular press statements. the rbi also issues a daily press release giving details of secondary market transactions in the government securities markets. in addition to information on tbills and dated government securities, the monthly rbi bulletin and the weekly statistical supplement to the rbi bulletin contain information relating to open market operations and repo transactions of the rbi. the rbi website, which has been appreciated by many, as emulating international standards in excellence, also contains up - to - date information on financial markets. until 1994, the debt market was purely a telephone market meaning that all trades were negotiated and concluded directly by investors. the nse introduced a screen - based trading system with the objective of increasing transparency in the market. but the general experience is that while actual trade is still negotiated over the counter, mere reporting is done through such a system. however, greater use of the online trading system is required rather than a mere reporting of trades in order to enhance transparency. success will depend mainly on an increase in the number of transactions. a large number of transactions would result in a successful continuous order book for matching the trades. if the negotiated telephone deals are moved to a screen - based system, full information about volume and price of transacted security would be available online. this would result in better price discovery and promote transparency and efficiency in the market. currently, the daily available information to the market regarding secondary market trades is based on actual settlement through subsidiary general ledger on a particular date. this may not necessarily reflect a deal concluded on the same date as the sgl transfer form has to be lodged within 24 hours of the contract but not necessarily on the date of actual deal. thus, an information gap exists between the deal date, contract date and actual settlement date. screen - based trading would obviate this shortcoming. the rbi is actively coordinating with the primary dealers association in developing an electronic dealing system to facilitate dealing in money market, government securities and other debt instruments. this will lend transparency and efficiency to market operations. it will also enable the rbi to monitor developments in the market online. the rbi has embarked on computerisation of its public debt offices. this would link public debt offices in the rbi with banks ’ treasury offices. hopefully, primary dealers / satellite dealers, other sgl account holders and stock exchanges will also be linked.