Government Securities Current Affairs, GK & News

Government securities or g-secs are tradable instruments provided by the central or state government in acknowledgement of its debt obligations. Such securities can either be treasury bills or government bonds/dated securities. While the treasury bills are short-term securities with maturity of less than one year, the government bonds mature at one year or more. The Central government issues both treasury bills and dated securities and the state government issues only dated securities.

RBI to conduct OMO of ₹20,000 Crores

The Reserve Bank of India (RBI) have announced that it will purchase four government securities (G-Secs) that amounts to ₹20,000 crore. The central bank will purchase it on February 10, 2021 under the open market operations (OMOs). Highlights This move was announced in aftermath of the yields that was moving up to touch the intra-day ..

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IFSC submits its report on Capital Market to IFSCA

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted two interim reports on insurance and banking. This IFSC International Retail Business Development Committee was ..

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Finance Minister allows five states to raise financial resources through Open Market Borrowings

The Finance Minister Nirmala Sitaraman recently allowed five states to raise additional financial resources of Rs 9,913 crores such as Telangana, Andhra Pradesh, Karnataka, Tripura and Goa. Highlights The states were granted permission as they have successfully implemented One Nation One Card System. The Central Government has been helping the states largely post pandemic. COVID-19 ..

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RBI to conduct simultaneous purchase & sale of govt securities under OMO for Rs 10,000 crore

The Reserve Bank of India (RBI) have decided to conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore. Key Facts Simultaneous purchase and sale of government securities under OMOs is known as Operation Twist. Under the operation, the short-term securities are transitioned into long term securities. ..

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Finance Ministry begins Annual Exercise

On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The exercise is done to make sure that the borrower is discharging the repayment obligations and interest obligations according to the loan agreement. The financial advisories of the ..

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