Urjit Patel isn't the first RBI governor to have resigned. So did Sir Osborne Smith and S Jagannathan. So did Sir Benegal Rama Rau, whose second extended term says the RBI expired in 1957 due to differences with the finance minister. Today at Agenda Aaj Tak 2018, Arun Jaitley recalled what Jawaharlal Nehru once told Rau, the longest serving governor of India's central bank. The former prime minister told Rau that economic policy was to be framed by the government, and monetary policy was to be framed by the Reserve Bank, Jaitley said. Nehru also said other policies, such as credit policy, had to be in support of the government's economic policy. If Rau was suggesting he would resign, Nehru said, according to Jaitley: "I am unable to advise you to the contrary.