Govt and RBI have to respect each other's turf, says Raghuram Rajan

'The aim of the board is to be Rahul Dravid - sensible, thoughtful and not, with due respect, Navjot Sidhu', says Raghuram Rajan, former RBI governor

Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday said the rift between the central bank and the government could be resolved if both sides respected each other’s intent and autonomy. 

“The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt, but of course if you do not put on your seat belt you get into an accident, and the accident can be quite severe,” he told CNBC TV18.

Rajan also defended the central bank’s call for greater autonomy from the