RBI vs govt: How Nehru's letter can be Modi's weapon to tackle Rahul, Oppn

Back then PM Jawaharlal Nehru, backed FM T T Krishnamachari and made it clear that RBI was part of "the various activities of the government

In the history of Reserve Bank of India, two governors resigned before their terms ended - Sir Osborne Smith (in 1937) and Sir Benegal Rama Rau (1957). At least two other governors - K R Puri and R N Malhotra had their tenures cut short following changes in the government. The RBI’s 'fight' for autonomy is as old as the central bank itself. Over the last two weeks, the rift between the Reserve Bank of India and government has widened. While the RBI and government nominees on the bank's board are set for the November 19 meeting, Congress party President