with some of his aides like giuliani and lawyer eastman. some of the committee s work has been on establishing that the president knew or should have known that he did, indeed, lose the election. you have the attorney general testifying that he told him that those claims were bs and others here. from a defense standpoint, what would the president have to show to undermine that argument? is it as simple as saying finding one helpful witness to say, well, i told him he did win the election and he believed me. is it that simple? it s not that simple. there are two very basic problems. judge luttig point to them, george conway pointed to them. willful ignorance of the facts doesn t count. you can t sap, i chose to believe i got more votes even though all the facts point the other way. you can t be an ostrich and have
Reserve Bank of India Governor Shaktikanta Das.
The Central bank also announced G-SAP 2.0 which will help in calming yields and control undue volatility faced by market participants in the government securities market.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said India’s forex reserves may have crossed record level of $600 billion on the back of robust capital flows.
As per the RBI’s data issued on May 28, the country’s foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended May 21, boosted by gold and currency assets.
“Based on the current estimation, we believe that our forex reserves may have crossed $600 billion,” he said while announcing the bi-monthly monetary policy review.
RBI Governor Shaktikanta Das. File
| Photo Credit: The Hindu
“The specific dates and securities under G-SAP 2.0 operations will be indicated separately,” RBI Governor Shaktikanta Das said. The Reserve Bank of India (RBI) has decided to conduct another operation under G-SAP 1.0 for purchase of G-Secs of ₹40,000 crore on June 17, 2021. Of this, ₹10,000 crore would constitute purchase of State Development Loans (SDLs).
It has also been decided to undertake G-SAP 2.0 in Q2:2021-22 and conduct secondary market purchase operations of ₹1.20 lakh crore to support the market. “The specific dates and securities under G-SAP 2.0 operations will be indicated separately. We do expect the market to respond appropriately to this announcement of G-SAP,” RBI Governor Shaktikanta Das said.
Read more about Continuing to lend a calming hand, RBI has its job cut out from here on on Business Standard. With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US