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
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 | Colossal notes ban failure buried in silence -TM Thomas Isaac    </title>
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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be</em></p><p style="text-align:justify">Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and was around 3% in the quarter preceding Covid. Calculations on the back of an envelope revealed that the total national income loss, assuming sustained potential growth of 9%, would be more than Rs 13 lakh crore.</p><p style="text-align:justify">Money is to the economy what lifeblood is to our body. If the whole blood is suddenly sucked out of our body, we will be dead. Similarly, a sudden withdrawal of 86% of the value of notes in circulation would result in an economic collapse. The total mismanagement of the operation of printing, distributing and exchanging the new legal tender for the cancelled notes did not take place within the 50-day period that the prime minister had boasted about. It prolonged into months. By the time the money came back into the system, many micro, small and medium units had withered and died.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU" title="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be</em></p><p style="text-align:justify">Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and was around 3% in the quarter preceding Covid. Calculations on the back of an envelope revealed that the total national income loss, assuming sustained potential growth of 9%, would be more than Rs 13 lakh crore.</p><p style="text-align:justify">Money is to the economy what lifeblood is to our body. If the whole blood is suddenly sucked out of our body, we will be dead. Similarly, a sudden withdrawal of 86% of the value of notes in circulation would result in an economic collapse. The total mismanagement of the operation of printing, distributing and exchanging the new legal tender for the cancelled notes did not take place within the 50-day period that the prime minister had boasted about. It prolonged into months. By the time the money came back into the system, many micro, small and medium units had withered and died.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU" title="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU">click here</a> to read more.&nbsp;</p>                                                           
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        LATEST NEWS UPDATES | Colossal notes ban failure buried in silence -TM Thomas Isaac    </title>
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Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be

Demonetisation will go down in Indian economic history as one of the greatest..."/>
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Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be

Demonetisation will go down in Indian economic history as one of the greatest..." />
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                            <p style="text-align:justify">-The New Indian Express</p><p style="text-align:justify"><em>Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be</em></p><p style="text-align:justify">Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and was around 3% in the quarter preceding Covid. Calculations on the back of an envelope revealed that the total national income loss, assuming sustained potential growth of 9%, would be more than Rs 13 lakh crore.</p><p style="text-align:justify">Money is to the economy what lifeblood is to our body. If the whole blood is suddenly sucked out of our body, we will be dead. Similarly, a sudden withdrawal of 86% of the value of notes in circulation would result in an economic collapse. The total mismanagement of the operation of printing, distributing and exchanging the new legal tender for the cancelled notes did not take place within the 50-day period that the prime minister had boasted about. It prolonged into months. By the time the money came back into the system, many micro, small and medium units had withered and died.</p><p style="text-align:justify">Please <a href="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU" title="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU" class="re" target="_blank">The New Indian Express, 17 November, 2021, https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU</a><div class="clear"></div>
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Colossal notes ban failure buried in silence -TM Thomas Isaac

Published on Nov 17, 2021   Modified on Nov 17, 2021

-The New Indian Express Having brought this economic disaster on the country, there was not a single statement of regret, introspection or even justification from the powers that be Demonetisation will go down in Indian economic history as one of the greatest policy blunders. In the two quarters prior to the ban on high denomination rupee notes, the Indian economy had registered around 9% growth. Since then, the growth steadily decelerated and was around 3% in the quarter preceding Covid. Calculations on the back of an envelope revealed that the total national income loss, assuming sustained potential growth of 9%, would be more than Rs 13 lakh crore. Money is to the economy what lifeblood is to our body. If the whole blood is suddenly sucked out of our body, we will be dead. Similarly, a sudden withdrawal of 86% of the value of notes in circulation would result in an economic collapse. The total mismanagement of the operation of printing, distributing and exchanging the new legal tender for the cancelled notes did not take place within the 50-day period that the prime minister had boasted about. It prolonged into months. By the time the money came back into the system, many micro, small and medium units had withered and died. Please click here to read more.

The New Indian Express, 17 November, 2021, https://www.newindianexpress.com/opinions/columns/2021/nov/17/colossal-notes-ban-failure-buried-in-silence-2384452.html?fbclid=IwAR1Mau5LvaEoUYAadnaCSz_tWnKIMbURjvR4pGKh7r6b5Q_TimiuqBVr0MU

Tagged with: Demonetisation Note Ban Cash Transactions Informal Economy Informal Sector Informal Sector Workers

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