Government Securities (G-secs):
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A Government Security(G-Sec) is a tradable instrument issued by the Central Government or the State Governments.
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It acknowledges the Government’s debt obligation.
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Such securities can be:
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Short-term : usually called treasury bills, with original maturities of less than one year
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Long-term : usually called Government bonds or dated securities with an original maturity of one year or more.
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In India, the Central Government issues both, treasury bills and bonds or dated securities.
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While the State Governments issue only bonds or dated securities which are called the State Development Loans (SDLs).