Nehru said RBI controls monetary policy, govt economic policy: FM
Finance Minister Arun Jaitley has said that former PM Jawaharlal Nehru had written to RBI stating that economic policy is determined by government, while RBI has autonomy over monetary policy. "We are the sovereign government... the most important stakeholder [in managing] economy," he added. He also questioned how a discussion on RBI's functioning could be deemed the institution's "destruction". 