Fed to the rescue.

"In the dock stood a man of immense wealth and power, who, when he was prime minister, was quite literally untouchable." BBC. Not in India. "Dato' Sri Haji Mohammad bin Tun Haji Abdul Razak - to give him his full title which denotes the high status he holds in Malaysian society - had challenged the judiciary for two years since his conviction and 12-year prison sentence over money laundering and abuses of power charges." "Chief Justice Tun Tegku Maimun Tuan Mat was unmoved." "Within a few hours, a man accustomed to celebrity treatment found himself in a plain prison cell." Sadly, in India, "The Association for Democratic Reforms said in its report that 75 percent of the ministers in Maharashtra have declared criminal cases against them. The state has 20 ministers, including Chief Minister Eknath Shinde, out of which 15 have declared criminal cases against them in their election affidavits." DNA. Shinde is chief minister at the behest of the BJP. "In 2019, the BJP could not form the government despite winning the election in an alliance with Shiv Sena its oldest ally. Uddhav Thackeray stunned the BJP by ending their alliance and joining hands with the NCP and the Congress." NDTV. Having divided the Sena, the BJP will eliminate it in the next assembly election and have total power in Maharashtra. The criminal 75% can be threatened or charged. What fun. The BJP is unchallenged. "Central investigating agencies like the CBI, the ED and even the Narcotics Control Bureau are increasingly being used against Opposition politicians and critics of the government. The misuse of these agencies is very open and blatant now." DH. "In a democracy, politics should not be conducted with police might." "US Federal Reserve Chief Jerome Powell's blunt warning to financial markets across the globe that his primary job now is to contain inflation, even if that comes at the cost of growth, employment and pain for the household has put Dalal Street traders on the backfoot." TOI. Why? Because the Reserve Bank of India (RBI) has been casual about inflation in India, preferring to sell dollars to increase the exchange rate of the rupee and, thereby, lower the cost of imports. "The RBI's weekly statistical data showed the country's foreign exchange reserves fell by $6.687 billion to $564.053 billion in the week ending August 19." NDTV. "Since a higher interest rate usually strengthens the dollar, it's bad news for most emerging markets like India that have a high import bill." RBI has been playing like Sunil Gavaskar who quietly scored centuries, said RBI Governor Shaktikanta Das. If the rupee reaches 100 to the dollar will that count as a century? Meanwhile, Chief Justice of the Supreme Court NV Ramana has retired without taking up challenges to revocation of Article 370 in Kashmir. BS. Article 370 was revoked on 5 August 2019, more than 3 years ago. wikipedia. Every Indian may be terrified of the BJP, but not the Fed. If the Fed really hikes rates substantially the rupee will fall, inflation will zoom, and the economy will tank. That is what decapitated absolute monarch Louis XVI on 21 January 1793. Britannica. And, the economy is known to be stupid. wikipedia.