Watch Video: What’s making newsBut not all RBI Governors have been as lucky or fortunate. Elsewhere, Singh says, “The Governor of the RBI is not superior to the Finance Minister in authority. But when that government collapsed in November 1990, the new government headed by Prime Minister Chandra Shekhar decided to let go of the Governor. Rama Rau quit, ending a long and illustrous career as an administrator, including the longest term as Governor of RBI. (Express Photo by Prashant Nadkar/ file) There are other cases of Governors being forced out in RBI’s history.

Source: Indian Express June 19, 2016 20:37 UTC