Rajasthan politics on boil again as phone tapping ‘admission’ by Gehlot govt tests Sachin Pilot’s patience
As another political crisis takes shape in Rajasthan, Congress insiders say it is unlikely that Sonia, Rahul or Priyanka Gandhi will act ‘decisively’ when electioneering is in full swing in poll-bound states. All eyes are now on Sachin Pilot.
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Congress leader Sachin Pilot with Rajasthan CM Ashok Gehlot. (PTI File photo)
The Rajasthan phone tapping case has renewed Sachin Pilot camp’s demand for the removal of Chief Minister Ashok Gehlot. This time around, the Sachin Pilot camp is armed with past precedence belonging to the Rajiv Gandhi legacy.
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Synopsis
Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financial support to people who don’t have bank accounts.
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India’s central bank is opening its balance sheet to the public. Retail investors will have online access to the government bond market via investment accounts with the Reserve Bank.
As the government’s investment bank, the RBI manages institutional buying and selling in gilt securities. Skepticism is high about “Retail Direct” because previous attempts at bringing public debt to the masses haven’t gone anywhere. But if the initiative takes off, it could be a precursor to an interest-paying digital currency competing with bank deposits.
Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financial support to people who dont have bank accounts.
The idea of a central bank digital currency, which will reside on smartphones but as a direct claim on the state (rather than a bank) is gaining ground everywhere