[citation needed] Acharya met multiple other intellectuals seeking the end of the Rana dictatorship, primarily Dashrath Chand.

Initially, they handed out handwritten pamphlets to Nepalis, and wrote articles in multiple Indian papers.

[2][4] During his premiership, the first 5-year plan was started, the Nepal Rastra Bank was created and the Supreme Court was established.

Acharya's tenure was also seen as a golden age for foreign relations of Nepal, establishing diplomatic relations with many countries and working closely with the Chinese government, primarily seen through the signing of the Economic Assistance Agreement with them on 7 October 1956, with China pledging Rs 60 million to the Nepali government for development.

[citation needed] By the 1959 Nepali elections, there had been a split between Acharya and Mishra in the Nepal Praja Parishad, leading them to run separately.

[11] After King Mahendra's 1960 coup where he installed the Panchayat system, Acharya was arrested and put in prison.