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\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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    <h1 class="cat-box-title">Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further</em></p><p style="text-align:justify">As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future.</p><p style="text-align:justify">The Monthly Economic Report of the Union Finance Ministry claims that already the economy &ldquo;is witnessing a sharp V-shaped recovery&rdquo; suggesting that nothing drastic needs to be done by the government to return to a stable and positive economic growth trajectory.</p><p style="text-align:justify">This may just be yet an exercise in perception management that the current government excels in, but it presents a misleading picture of the state of the economy. Even more worrying, it could lull the government into believing its own rhetoric, and thereby not taking the measures necessary to ensure economic revival.</p><p style="text-align:justify">One indication of this is in the fiscal stance taken during the period of the lockdown and its immediate aftermath, during the so-called &ldquo;Unlock&rdquo; phases. Remember that the Indian government imposed one of the most stringent lockdowns in the world, that too with only four hours&rsquo; notice, on to a population that is dominantly without any form of social protection. It then did not provide compensation for the livelihoods lost, even as the public health measures taken were so inadequate that the disease has continued to spread.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further</em></p><p style="text-align:justify">As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future.</p><p style="text-align:justify">The Monthly Economic Report of the Union Finance Ministry claims that already the economy &ldquo;is witnessing a sharp V-shaped recovery&rdquo; suggesting that nothing drastic needs to be done by the government to return to a stable and positive economic growth trajectory.</p><p style="text-align:justify">This may just be yet an exercise in perception management that the current government excels in, but it presents a misleading picture of the state of the economy. Even more worrying, it could lull the government into believing its own rhetoric, and thereby not taking the measures necessary to ensure economic revival.</p><p style="text-align:justify">One indication of this is in the fiscal stance taken during the period of the lockdown and its immediate aftermath, during the so-called &ldquo;Unlock&rdquo; phases. Remember that the Indian government imposed one of the most stringent lockdowns in the world, that too with only four hours&rsquo; notice, on to a population that is dominantly without any form of social protection. It then did not provide compensation for the livelihoods lost, even as the public health measures taken were so inadequate that the disease has continued to spread.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true">click here</a> to read more.</p>                                                           
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     <meta property="og:description" content="-The Hindu Business Line

Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further

As India faces the biggest economic crisis since Independence, it is..." />
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    <h1 class="cat-box-title">Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further</em></p><p style="text-align:justify">As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future.</p><p style="text-align:justify">The Monthly Economic Report of the Union Finance Ministry claims that already the economy &ldquo;is witnessing a sharp V-shaped recovery&rdquo; suggesting that nothing drastic needs to be done by the government to return to a stable and positive economic growth trajectory.</p><p style="text-align:justify">This may just be yet an exercise in perception management that the current government excels in, but it presents a misleading picture of the state of the economy. Even more worrying, it could lull the government into believing its own rhetoric, and thereby not taking the measures necessary to ensure economic revival.</p><p style="text-align:justify">One indication of this is in the fiscal stance taken during the period of the lockdown and its immediate aftermath, during the so-called &ldquo;Unlock&rdquo; phases. Remember that the Indian government imposed one of the most stringent lockdowns in the world, that too with only four hours&rsquo; notice, on to a population that is dominantly without any form of social protection. It then did not provide compensation for the livelihoods lost, even as the public health measures taken were so inadequate that the disease has continued to spread.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true">click here</a> to read more.</p>                                                           
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Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh

Published on Sep 7, 2020   Modified on Sep 8, 2020

-The Hindu Business Line Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future. The Monthly Economic Report of the Union Finance Ministry claims that already the economy “is witnessing a sharp V-shaped recovery” suggesting that nothing drastic needs to be done by the government to return to a stable and positive economic growth trajectory. This may just be yet an exercise in perception management that the current government excels in, but it presents a misleading picture of the state of the economy. Even more worrying, it could lull the government into believing its own rhetoric, and thereby not taking the measures necessary to ensure economic revival. One indication of this is in the fiscal stance taken during the period of the lockdown and its immediate aftermath, during the so-called “Unlock” phases. Remember that the Indian government imposed one of the most stringent lockdowns in the world, that too with only four hours’ notice, on to a population that is dominantly without any form of social protection. It then did not provide compensation for the livelihoods lost, even as the public health measures taken were so inadequate that the disease has continued to spread. Please click here to read more.

The Hindu Business Line, 7 September, 2020, https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true

Tagged with: Fiscal Policy Fiscal Stimulus Effective Demand MGNREGS MGNREGA Food Corporation of India FCI Public Distribution System

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