Why govt and RBI are at loggerheads: Here's a list of issues they differ on

From a banking crisis to interest rates, the RBI has often found itself on opposing sides to government officials this year

A growing rift between India’s central bank and the government has been many months in the making.

In the latest move, the Reserve Bank of India made its disagreement with authorities public in a hard-hitting speech by Deputy Governor Viral Acharya on Friday -- which he said had the backing of Governor Urjit Patel -- defending the central bank’s independence. Failure to do so would “incur the wrath of financial markets,” he said.

The government has yet to respond officially to the comments. Finance Minister Arun Jaitley said Saturday the “nation that is India, is higher than any institution or