Five must-read stories—December 7 

Political vultures eyeing Tata Sons, Tata Trusts

Ratan Tata is not immortal. He knows that as do we. And yet at 79 he is engaged in the biggest battle of his life... except it's the wrong one. In suddenly throwing out a group chairman he helped to select and now dislikes, Tata has made public the fissures in the group and the governance mis-steps. Independent directors are brazenly picking sides, senior executives are looking to make personal gain and institutional shareholders are counting up the losses. Smelling the rot, the political vultures are circling and they are probably eyeing not Tata Sons, but the Tata Trusts. In TheQuint.com.

Bankers refute RBI, government claims

The bankers complained that though the government and the RBI claim that there has been improvement in the supply of currency notes in the banking system, the ground reality is totally different. The problem of cash crunch is prevailing across the country.”

However, Sanjeev Bandlish, general secretary, NCBE, said: “We don’t have any plan to go on agitation against the current crisis the banks are facing. Rather, we will focus on facilitating the customers.” The State Bank of India associations are members of the NCBE. In The Tribune.

How should RBI and central banks communicate?

Sweden’s central bank has been on the forefront of simplifying communication, to the extent of winning the unthinkable for a central bank —an award for using plain and simple language to explain its decisions. Other, including the Bank of England and the ECB, have taken a cue from the Swedish central bank and launched their YouTube channels. In the Indian Express.

Sasikala to inherit Jaya’s property

Sources said she had drawn up a will two years ago. The Poes Garden house apparently goes to Sasikala. The Kodanad estate in the Nilgiris, Jaya Publications, Sasi Enterprises and the other businesses in which the two friends were partners will also go to the surviving partner. Jayalalithaa's will apparently leaves the Hyderabad farmland to Vivek Jayaraman, son of Ilavarasi and Jayaraman (Sasikala's brother). In The Telegraph.

Why was Jayalalitha buried?

While there would have been obvious practical difficulties in cremating the body at Marina Beach, Gopalan says that her burial also allows for a memorial to be erected, keeping Jayalalithaa’s memory alive in the public imagination. “Sasikala has political compulsions to erect a memorial. No one else has vote catching potential in the AIADMK. Just like people haven’t forgotten MGR, a memorial for Jayalalithaa would be political opportunism for Sasikala,” he explains. In TheNewsMinute.com.