Serious Questions About Encounter Killings of 10 Kuki-Zo Men in Manipur; Supreme Court Takes Note of Justice Yadav’s Communal Remarks; Islamophobia Growing in BJP-ruled Tripura

A newsletter from The Wire | Founded by MK Venu, Sidharth Bhatia, Pratik Kanjilal, Tanweer Alam, Seema Chishti, Sushant Singh and Siddharth Varadarajan | Contributing writer: Kalrav Joshi, with additional inputs by Anirudh SK

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Snapshot of the day

December 10, 2024

Sidharth Bhatia

RBI governor Shaktikanta Das will demit office tomorrow despite expectations in many circles that he would be re-appointed for a third term in office. There is the fact that just last week, the bank’s monetary policy committee decided again against cutting the interest rate at which it lends money to banks, even amid pressure from industry icons and Union ministers for a rate cut. But Furquan Moharkan and Ujval Nanavati get the sense that there may have been more to Das’s not getting a third term: a source says that the government has been resisting the Das RBI’s impending ‘expected credit loss’ model and infrastructure project financing norms for banks. Moharkan and Nanavati write that Das, like his predecessors Raghuram Rajan and Urjit Patel, is “paying the price for not toeing the line”.

The Supreme Court has taken note of Allahabad high court Justice Shekhar Kumar Yadav’s remarks made at a Vishva Hindu Parishad function over the weekend. It said in a press release today that the