CURRENT AFFAIRS

Detailed explanation-1: -A significant milestone in the development of the Government securities (G-sec) market, the Reserve Bank of India-Retail Direct (RBI-RD) Scheme will bring G-secs within easy reach of the common man by simplifying the process of investment.

Detailed explanation-2: -RBI Retail Direct Scheme has been launched on November 12, 2021 for providing one-stop access to facilitate investment in Government Securities by retail investors.

Detailed explanation-3: -The Reserve Bank announces the activation of the RBI Retail Direct Scheme with effect from today. The Scheme was launched today in virtual mode by the Hon’ble Prime Minister, Shri Narendra Modi.

Detailed explanation-4: -With the introduction of this RBI Retail Direct scheme, retail investors can now buy and sell government securities (G-Secs) directly through the RBI Retail Direct Portal. Till now, retail investors could invest in government securities only through intermediaries like brokers or mutual funds.

Detailed explanation-5: -Detailed Solution. The correct answer is RBI Retail Direct Scheme. RBI Retail Direct Scheme has been launched by the Reserve Bank of India for retail investors, through which they can directly buy and sell government securities (G-Secs), both primary and secondary.