Hindustan Times (Lucknow)

No one can get justice without fearing consequenc­es: Rahul

- Divya Chandrabab­u letters@hindustant­imes.com

CHENNAI: Congress leader Rahul Gandhi on Wednesday said “no one can get justice from the judicial system in the country without being terrified of the consequenc­es” under the NDA regime.

Gandhi attacked Prime Minister Narendra Modi while launching his party’s election campaign in Puducherry, where a Congress government is battling for survival following the resignatio­ns of several members of the legislativ­e assembly (MLAs) ahead of the polls due in

April-May. “Today, an Indian person cannot get justice from the judicial system without being terrified of what will be done to him,” he said.

He alleged that Modi didn’t allow the elected government of Puducherry to function for the last five years. “Through the office of the lieutenant governor, he is repeatedly sending you a message that your vote doesn’t matter,” he said.

On a one-day visit to Puducherry, Gandhi interacted with the fishing community, followed by a meeting with students of Bharathida­san Government College for Women and wrapped it up with a public meeting.

Have forgiven Rajiv case convicts

When a student asked Gandhi how he felt about the Liberation Tigers of Tamil Eelam (LTTE) members who assassinat­ed his father Rajiv Gandhi, he said that he didn’t harbour any anger against them although he was pained by the killing. “Of course, I lost my father and for me it was a difficult time. I felt tremendous pain. But I don’t feel angry. I don’t feel any hatred. I forgive,” Gandhi said.

Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $51,000 for the first time.

The largest cryptocurr­ency rose almost 6% Wednesday to about $51,431 after a fivefold surge in the past year, according to a composite of prices compiled by Bloomberg. The Bloomberg Galaxy Crypto Index reached a record.

Bitcoin’s rally for some is emblematic of speculativ­e froth in financial markets awash with stimulus. The crypto faithful counter that the digital asset is grabbing more mainstream attention, especially after Tesla Inc.’s recent $1.5 billion purchase.

MicroStrat­egy Inc. said Tuesday it would sell $600 million of convertibl­e bonds and use the proceeds to buy more of the tokens.

MicroStrat­egy’s step is “a warning sign if there ever was

one that things are getting out of hand in the crypto world,” Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte, wrote in emailed comments. Others take a different view, contending that demand from institutio­nal investors and companies is set to expand, driving further gains.

“There are a number of reasons why Bitcoin is soaring, but what stands out most is the trend that MicroStrat­egy started and Tesla popularise­d: moving institutio­nal balance sheets into Bitcoin to hedge against inflation,” said Nicholas Pelecanos, head of trading at NEM.

Activity in Bitcoin futures suggests traders don’t see a sudden end to the crypto rally, with spreads continuing to widen between the active contract and March futures, according to data compiled by Bloomberg.

Shares of Asian crypto-linked companies are advancing too. Japan’s Monex Group Inc. jumped 11% to hit a 13-year high, while BC Technology Group Ltd. in Hong Kong closed at a record.

 ?? REUTERS ?? The largest cryptocurr­ency rose almost 6% Wednesday to about $51,431 after a fivefold surge in the past year.
REUTERS The largest cryptocurr­ency rose almost 6% Wednesday to about $51,431 after a fivefold surge in the past year.

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