Current Affairs - Technology - Discussion

National Stock Exchange of India (NSE) launched a mobile application and web-based platform for retail investors to buy government securities (G-Secs). The new app - 'NSE goBID', was launched by SEBI chairman Ajay Tyagi. Through this app, retail investors can invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government bonds from one year to almost 40 years. It will allow investors to make payments directly from their bank accounts using the unified payments interface (UPI) and internet banking. RBI conducts auction of G-sec and T-bills on a weekly basis where 5 per cent of the notified amount is allotted for eligible investors under the scheme for non-competitive bidding facility.