- News: RBI has proposed to allow retail investors to open gilt accounts with the central bank to invest in G-secs directly.
- G-sec is tradable instruement issued by the central or state gov.
- Retail Investor is a non-professional investor who buys and sells securities like mutual funds and Exchange Traded Funds.
✅Key features:
- Retail investors will get online access to the government securities market – both primary and secondary.
- The account will be called RBI retail direct.
- Retail investors in the bidding process will be enabled through the core banking solution of Reserve Bank of India- E-kuber.
✅Significance:
1. Broaden Investor Base
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2. Facilitate Government Borrowings
3. Financialise Domestic Savings
4. Square Kilometre Array Observatory.
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