About G-Sec

• A government security (G-Sec) is a tradable instrument issued by the central government or state governments. It acknowledges the government’s debt obligations. 
• In India, the central government issues both: treasury bills and bonds or dated securities, while state governments issue only bonds or dated securities, which are called the state development loans. 
• Since they are issued by the government, they carry no risk of default, and hence, are called risk-free gilt-edged instruments. 

Why in News?

• Trading volumes in government securities (g-secs) hit a two-year high of ₹27.67 lakh crore in the July to September quarter (Q2 of 2022-23), rising 8.64% from Q1.

https://www.thehindu.com/business/interest-in-g-sec-market-rising-finmin/article66308056.ece