Shift to market economy from nationalised causing RBI-govt rift: Acharya

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

The shift towards 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 in his heart and he would like to "give back" to the country in the future as well.

Acharya, who resigned after run-ins with the government last year, said the dip in financial savings