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: -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-3: -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.

Detailed explanation-4: -Prime Minister Narendra Modi had launched the RBI Retail Direct Scheme launched on November 12, 2021, to provide one-stop access to facilitate investment in government securities by retail investors.

Detailed explanation-5: -The Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon’ble Prime Minister Shri Narendra Modi.