Reserve Bank of India announced Monetary Policy on February 5. The Reserve Bank of India (RBI) said that retail investors can directly participate in government securities.
The RBI Governor Shaktikanta Das announced that the central bank will provide retail investors with direct access to the Gsec (government bonds etc) market, both primary and secondary markets. This will make India one of the few countries to allow such access to retail investors for trading in government securities, he said, adding that this is a major structural reform.
Retail investors will be able to open these accounts directly with the RBI.
Details will be announced later, the governor said.
“2020 tested our endurance, while 2021 is setting the stage for a new economic era in our history,” said Shaktikanta, RBI Governor. Indian economy poised to move only in one direction that is in the upward direction said, Shaktikanta Das.
“After the chaos and despair of the year gone by through which we have sailed together, we shall continue to sail ahead. There is a strong conviction that in FY22 we will undo the damage of COVID-19,” said Das. The year 2021 is setting up a new era in the course of our economic history, the RBI Governor added.