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
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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 | Brace up for recession -Aunindyo Chakravarty    </title>
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Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own

In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There..."/>
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Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own

In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There..." />
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own</em></p><p style="text-align:justify">In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India&rsquo;s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed spaces where masks have to be taken off to eat. Customers were expected to be scared of returning to this basic normal behaviour after a year of social distancing. So, if people were back, other parts of the economy would be on their road to recovery.</p><p style="text-align:justify">As we now know, this optimism was short-lived. Within a month, lockdowns began across major metropolises. Car sales, which had recovered in the first three months of this year, dropped sharply in April. CMIE&rsquo;s jobs data tells us that about 73 lakh people lost their livelihood over the month, and because of lockdowns, the number of people actively looking for work dropped to its lowest level since May last year. CMIE&rsquo;s consumer sentiments index, which had seen a steady rise from November last year, dropped below that level in early May. Less than five out of every 100 people surveyed, expected their incomes to rise this year.</p><p style="text-align:justify">Lockdowns shut down factories and businesses in key industrial states like Maharashtra in April and May. Fuel consumption in April dropped to its lowest level since September 2020. Railway freight slipped to below November 2020 levels. Finished steel production dropped below June 2020 output, as did steel consumption. Some of this was because of supply shortages caused by lockdowns. However, as the example of tractor sales shows demand dropped at a faster pace. CRISIL&rsquo;s data says retail sales of tractors dropped by 40-45 per cent in April compared to a month earlier, but wholesale supplies to dealers dropped by only 20-25 per cent.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook" title="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own</em></p><p style="text-align:justify">In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India&rsquo;s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed spaces where masks have to be taken off to eat. Customers were expected to be scared of returning to this basic normal behaviour after a year of social distancing. So, if people were back, other parts of the economy would be on their road to recovery.</p><p style="text-align:justify">As we now know, this optimism was short-lived. Within a month, lockdowns began across major metropolises. Car sales, which had recovered in the first three months of this year, dropped sharply in April. CMIE&rsquo;s jobs data tells us that about 73 lakh people lost their livelihood over the month, and because of lockdowns, the number of people actively looking for work dropped to its lowest level since May last year. CMIE&rsquo;s consumer sentiments index, which had seen a steady rise from November last year, dropped below that level in early May. Less than five out of every 100 people surveyed, expected their incomes to rise this year.</p><p style="text-align:justify">Lockdowns shut down factories and businesses in key industrial states like Maharashtra in April and May. Fuel consumption in April dropped to its lowest level since September 2020. Railway freight slipped to below November 2020 levels. Finished steel production dropped below June 2020 output, as did steel consumption. Some of this was because of supply shortages caused by lockdowns. However, as the example of tractor sales shows demand dropped at a faster pace. CRISIL&rsquo;s data says retail sales of tractors dropped by 40-45 per cent in April compared to a month earlier, but wholesale supplies to dealers dropped by only 20-25 per cent.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook" title="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook">click here</a> to read more.</p>                                                           
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     <meta property="og:description" content="-The Tribune

Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own

In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There..." />
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    <h1 class="cat-box-title">Brace up for recession -Aunindyo Chakravarty</h1>
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Govt must prepare for worst-case scenario as things won&rsquo;t be resolved on their own</em></p><p style="text-align:justify">In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India&rsquo;s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed spaces where masks have to be taken off to eat. Customers were expected to be scared of returning to this basic normal behaviour after a year of social distancing. So, if people were back, other parts of the economy would be on their road to recovery.</p><p style="text-align:justify">As we now know, this optimism was short-lived. Within a month, lockdowns began across major metropolises. Car sales, which had recovered in the first three months of this year, dropped sharply in April. CMIE&rsquo;s jobs data tells us that about 73 lakh people lost their livelihood over the month, and because of lockdowns, the number of people actively looking for work dropped to its lowest level since May last year. CMIE&rsquo;s consumer sentiments index, which had seen a steady rise from November last year, dropped below that level in early May. Less than five out of every 100 people surveyed, expected their incomes to rise this year.</p><p style="text-align:justify">Lockdowns shut down factories and businesses in key industrial states like Maharashtra in April and May. Fuel consumption in April dropped to its lowest level since September 2020. Railway freight slipped to below November 2020 levels. Finished steel production dropped below June 2020 output, as did steel consumption. Some of this was because of supply shortages caused by lockdowns. However, as the example of tractor sales shows demand dropped at a faster pace. CRISIL&rsquo;s data says retail sales of tractors dropped by 40-45 per cent in April compared to a month earlier, but wholesale supplies to dealers dropped by only 20-25 per cent.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook" title="https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook">click here</a> to read more.</p>                                                           
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Brace up for recession -Aunindyo Chakravarty

Published on May 15, 2021   Modified on May 15, 2021

-The Tribune Govt must prepare for worst-case scenario as things won’t be resolved on their own In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India’s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed spaces where masks have to be taken off to eat. Customers were expected to be scared of returning to this basic normal behaviour after a year of social distancing. So, if people were back, other parts of the economy would be on their road to recovery. As we now know, this optimism was short-lived. Within a month, lockdowns began across major metropolises. Car sales, which had recovered in the first three months of this year, dropped sharply in April. CMIE’s jobs data tells us that about 73 lakh people lost their livelihood over the month, and because of lockdowns, the number of people actively looking for work dropped to its lowest level since May last year. CMIE’s consumer sentiments index, which had seen a steady rise from November last year, dropped below that level in early May. Less than five out of every 100 people surveyed, expected their incomes to rise this year. Lockdowns shut down factories and businesses in key industrial states like Maharashtra in April and May. Fuel consumption in April dropped to its lowest level since September 2020. Railway freight slipped to below November 2020 levels. Finished steel production dropped below June 2020 output, as did steel consumption. Some of this was because of supply shortages caused by lockdowns. However, as the example of tractor sales shows demand dropped at a faster pace. CRISIL’s data says retail sales of tractors dropped by 40-45 per cent in April compared to a month earlier, but wholesale supplies to dealers dropped by only 20-25 per cent. Please click here to read more.

The Tribune, 15 May, 2021, https://www.tribuneindia.com/news/comment/brace-up-for-recession-252971?fbclid=IwAR31xvZyhqHDZcUrq3dfJ0M3L8tWeYTFE6mtpfCnWOW9zaSuaRTBHDY6xTg#.YJ9wX6BtoYs.facebook

Tagged with: Technical Recession Recession Covid-19 Second wave Supply chain disruptions Food Inflation Retail inflation Rural areas Stock market

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