Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Binary equation -Renu Kohli    </title>
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Can stability be achieved by sacrificing growth?

Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That&rsquo;s the worry with..."/>
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     <meta property="og:description" content="-The Telegraph

Can stability be achieved by sacrificing growth?

Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That&rsquo;s the worry with..." />
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Can stability be achieved by sacrificing growth?</em></p><p style="text-align:justify">Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That&rsquo;s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy diverts to counter inflation, safeguarding stability without cost to output is fiendishly difficult. In any case, a tipping point appeared to have been reached with inflation hurting growth. There isn&rsquo;t much to choose between a rock and a hard place. This is where the Indian macro constellation is now.</p><p style="text-align:justify">In the past one month, a series of monetary and fiscal actions, including interest rate increases and reductions in fuel levies, tariffs and duties, has raised the spectre of a retarding economic recovery. Inflation, which has been above target for more than one year and climbing since last September, surged close to 8% in April. Food prices rose faster, energy and transport prices paced in double-digits, while price growth of most other goods and services ranged between 7-9%. The alarming spread can become a self-reinforcing spiral as food and fuel prices shape households&rsquo; inflation expectations, which drive consumption and pricing decisions. This elicited a surprise, inter-meeting rate hike and liquidity withdrawal on May 4 by the Reserve Bank of India. Another rate increase followed last week.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853" title="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853">click here</a> to read more.<br />&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853" class="re" target="_blank">The Telegraph, 14 June, 2022, https://www.telegraphindia.com/opinion/binary-equation/cid/1869853</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Can stability be achieved by sacrificing growth?</em></p><p style="text-align:justify">Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That&rsquo;s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy diverts to counter inflation, safeguarding stability without cost to output is fiendishly difficult. In any case, a tipping point appeared to have been reached with inflation hurting growth. There isn&rsquo;t much to choose between a rock and a hard place. This is where the Indian macro constellation is now.</p><p style="text-align:justify">In the past one month, a series of monetary and fiscal actions, including interest rate increases and reductions in fuel levies, tariffs and duties, has raised the spectre of a retarding economic recovery. Inflation, which has been above target for more than one year and climbing since last September, surged close to 8% in April. Food prices rose faster, energy and transport prices paced in double-digits, while price growth of most other goods and services ranged between 7-9%. The alarming spread can become a self-reinforcing spiral as food and fuel prices shape households&rsquo; inflation expectations, which drive consumption and pricing decisions. This elicited a surprise, inter-meeting rate hike and liquidity withdrawal on May 4 by the Reserve Bank of India. Another rate increase followed last week.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853" title="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853">click here</a> to read more.<br />&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Binary equation -Renu Kohli</h1>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Can stability be achieved by sacrificing growth?</em></p><p style="text-align:justify">Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That&rsquo;s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy diverts to counter inflation, safeguarding stability without cost to output is fiendishly difficult. In any case, a tipping point appeared to have been reached with inflation hurting growth. There isn&rsquo;t much to choose between a rock and a hard place. This is where the Indian macro constellation is now.</p><p style="text-align:justify">In the past one month, a series of monetary and fiscal actions, including interest rate increases and reductions in fuel levies, tariffs and duties, has raised the spectre of a retarding economic recovery. Inflation, which has been above target for more than one year and climbing since last September, surged close to 8% in April. Food prices rose faster, energy and transport prices paced in double-digits, while price growth of most other goods and services ranged between 7-9%. The alarming spread can become a self-reinforcing spiral as food and fuel prices shape households&rsquo; inflation expectations, which drive consumption and pricing decisions. This elicited a surprise, inter-meeting rate hike and liquidity withdrawal on May 4 by the Reserve Bank of India. Another rate increase followed last week.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853" title="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853">click here</a> to read more.<br />&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/binary-equation/cid/1869853" class="re" target="_blank">The Telegraph, 14 June, 2022, https://www.telegraphindia.com/opinion/binary-equation/cid/1869853</a><div class="clear"></div>
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Binary equation -Renu Kohli

Published on Jun 14, 2022   Modified on Jun 14, 2022

-The Telegraph Can stability be achieved by sacrificing growth? Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That’s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy diverts to counter inflation, safeguarding stability without cost to output is fiendishly difficult. In any case, a tipping point appeared to have been reached with inflation hurting growth. There isn’t much to choose between a rock and a hard place. This is where the Indian macro constellation is now. In the past one month, a series of monetary and fiscal actions, including interest rate increases and reductions in fuel levies, tariffs and duties, has raised the spectre of a retarding economic recovery. Inflation, which has been above target for more than one year and climbing since last September, surged close to 8% in April. Food prices rose faster, energy and transport prices paced in double-digits, while price growth of most other goods and services ranged between 7-9%. The alarming spread can become a self-reinforcing spiral as food and fuel prices shape households’ inflation expectations, which drive consumption and pricing decisions. This elicited a surprise, inter-meeting rate hike and liquidity withdrawal on May 4 by the Reserve Bank of India. Another rate increase followed last week. Please click here to read more.

The Telegraph, 14 June, 2022, https://www.telegraphindia.com/opinion/binary-equation/cid/1869853

Tagged with: Economic Growth Macroeconomic Stability Exchange Rate Price Inflation Inflation Interest Rate

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