Independence depends on your actions: CEA Subramanian's jibe at Urjit Patel

Earlier, the RBI Governor had lashed out at the government at a public forum for not giving the central bank adequate powers to prevent scams like the one involving Nirav Modi at PNB

Chief Economic Advisor Arvind Subramanianon Monday took a not-so-subtle jibe at RBI Governor Urjit Patel, saying the independence of the central bank wasn't a matter of law alone, but also of 'actions and decisions'.

The Indian Express reported that the top govt economist emphasised the importance of maintaining the central bank's credibility and coordinating well with the government to help the economy. 

The CEA's statement, made at an event in Delhi's Jesus and Mary College, was read in the context of the RBI Governor's earlier statement lashing out at the government at a public forum for