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Viral Acharya explains what is causing tensions between Centre and RBI


Acharya, who resigned after run-ins with the government last year, said the dip in financial savings is also another reason which can explain the disagreements between Mint Road and North Block.

A shift to being a market-based economy from a nationalised system has led to simmering tensions between the Reserve Bank and the government and questions over the central bank’s independence, former RBI deputy governor Viral Acharya has said.

The economist, who went back to teaching in the US after his surprise resignation from the RBI ahead of his term’s end last year, said India continues to be ...


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