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Government Security (G-Sec)
Context
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore.
About Government Security (G-Sec)
- G-Sec, a tradable instrument, serves as acknowledgment of the Government's debt obligation.
- Issued by the Central Government or State Governments, G-Secs come in various forms:
- Treasury bills and bonds or dated securities, issued by the Central Government.
- Bonds or dated securities, known as State Development Loans (SDLs), issued by State Governments.
- G-Secs are categorized into:
- Short-term instruments, commonly referred to as treasury bills, with original maturities of less than one year.
- Long-term instruments, often termed Government bonds or dated securities, featuring original maturities of one year or more.
- Safety: G-Secs are esteemed for their safety, as they entail minimal risk of default, earning them the moniker of risk-free gilt-edged instruments.
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