14 November, 2021
5 Min Read
How will the new scheme allow small investors to buy or sell government securities? Why were the three different ombudsman schemes repealed?
The story so far: The RBI had announced proposals for the Retail Direct Scheme for investors in government securities and the Integrated Ombudsman Scheme in February. The schemes were unveiled by the Prime Minister on November 12.
What is the Retail Direct Scheme?
How can individuals access G-Sec offerings?
Why was it necessary to introduce this scheme?
Why is the RBI setting up an Integrated Ombudsman?
What about grievances pending adjudication?
The Retail Scheme would not only provide better investment options to the small investors but will also aid government social spending which has a major role to play especially in the wake of pandemic triggered economic slowdown.
Source: The Hindu
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