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The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the
“To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly,” RBI Governor
The government is planning for gross market borrowing of Rs 14.13 lakh crore for 2024-25. Out of this Rs 7.5 lakh crore, or 53 per cent, is scheduled to be borrowed in the first half (H1).
In a separate announcement, RBI permitted non-bank payment system operators to offer Central Bank Digital Currency (CBDC) wallets to encourage its wider use.
Currently, CBDC pilots in the retail and wholesale segments are underway with more use-cases and more participating banks.
“Continuing with this approach, it is proposed to make CBDC-Retail accessible to a broader segment of users in a sustained manner, enabling non-bank payment system operators to offer CBDC wallets,” he said.
This is expected to enhance access and expand choices available to users apart from testing the resiliency of the CBDC platform to handle multi-channel transactions, he said, adding, necessary changes will be made to the system to facilitate this.
In November 2022, the pilot of the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched with the use case being limited to the settlement of secondary market transactions in government securities. In the following month, RBI rolled out a pilot in the retail version of the CBDC (e-R).