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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        LATEST NEWS UPDATES | Economy in a shambles: PC    </title>
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New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because..."/>
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-The Telegraph

New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because..." />
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                            <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up.<br /><br />Former finance minister P. Chidambaram said at a news conference: &quot;The RBI's Consumer Confidence Survey (May 2018) found that 48 per cent felt that the economic conditions had worsened in the last 12 months. The survey is unlikely to have covered the most backward parts of the country or the most deprived sections of the people. Therefore, the number of 48 per cent will be actually higher.&quot;<br /><br />Reeling out statistical details on the job scenario, the farm sector and other economic parameters, the Congress veteran said: &quot;Farmers' despondency has turned into anger and they have come to the streets to protest. The principal reasons are uneconomic prices for farm produce and stagnant wages of farm labour. There is widespread anger about the artificially fixed prices of petrol, diesel and LPG. The only reliable data (on jobs) is the quarterly survey of the Labour Bureau. Those numbers reveal that a few thousand jobs are created every quarter. Why has the Labour Bureau Survey for October-December 2017 not been released?&quot;<br /><br />He added: &quot;The tyres on three of the four wheels on which the economy rides are punctured.<br /><br />&quot;Firstly, exports: the growth rate in the last four years has been negative. Secondly, private investment: it is in the doldrums, if not dead. Gross fixed capital formation is stuck at 28.5 per cent for three years. Thirdly, private consumption: it was limping until a few months ago, there is a mild uptick, and we keep our fingers crossed.<br /><br />&quot;The only tyre that seems to be inflated is government expenditure. But, here too the government's options are getting limited because of the pressure on the current account deficit and the fiscal deficit.&quot;<br /><br />Referring to the adverse effects of demonetisation, Chidambaram said: &quot;The Tamil Nadu government has officially acknowledged that 50,000 SME units were shut down in 2017-18; 5,00,000 jobs were lost; and capital investment in the SME sector declined by Rs 11,000 crore. Exports from Tirupur declined from Rs 50,000 crore to Rs 36,000 crore in 2017-18. Multiply that several times for the whole country, and you will get an idea of the devastation wrought by demonetisation.&quot;<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" title="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" class="re" target="_blank">The Telegraph, 12 June, 2018, https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry</a><div class="clear"></div>
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                            <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up.<br /><br />Former finance minister P. Chidambaram said at a news conference: &quot;The RBI's Consumer Confidence Survey (May 2018) found that 48 per cent felt that the economic conditions had worsened in the last 12 months. The survey is unlikely to have covered the most backward parts of the country or the most deprived sections of the people. Therefore, the number of 48 per cent will be actually higher.&quot;<br /><br />Reeling out statistical details on the job scenario, the farm sector and other economic parameters, the Congress veteran said: &quot;Farmers' despondency has turned into anger and they have come to the streets to protest. The principal reasons are uneconomic prices for farm produce and stagnant wages of farm labour. There is widespread anger about the artificially fixed prices of petrol, diesel and LPG. The only reliable data (on jobs) is the quarterly survey of the Labour Bureau. Those numbers reveal that a few thousand jobs are created every quarter. Why has the Labour Bureau Survey for October-December 2017 not been released?&quot;<br /><br />He added: &quot;The tyres on three of the four wheels on which the economy rides are punctured.<br /><br />&quot;Firstly, exports: the growth rate in the last four years has been negative. Secondly, private investment: it is in the doldrums, if not dead. Gross fixed capital formation is stuck at 28.5 per cent for three years. Thirdly, private consumption: it was limping until a few months ago, there is a mild uptick, and we keep our fingers crossed.<br /><br />&quot;The only tyre that seems to be inflated is government expenditure. But, here too the government's options are getting limited because of the pressure on the current account deficit and the fiscal deficit.&quot;<br /><br />Referring to the adverse effects of demonetisation, Chidambaram said: &quot;The Tamil Nadu government has officially acknowledged that 50,000 SME units were shut down in 2017-18; 5,00,000 jobs were lost; and capital investment in the SME sector declined by Rs 11,000 crore. Exports from Tirupur declined from Rs 50,000 crore to Rs 36,000 crore in 2017-18. Multiply that several times for the whole country, and you will get an idea of the devastation wrought by demonetisation.&quot;<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" title="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" class="re" target="_blank">The Telegraph, 12 June, 2018, https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry</a><div class="clear"></div>
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                            <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up.<br /><br />Former finance minister P. Chidambaram said at a news conference: &quot;The RBI's Consumer Confidence Survey (May 2018) found that 48 per cent felt that the economic conditions had worsened in the last 12 months. The survey is unlikely to have covered the most backward parts of the country or the most deprived sections of the people. Therefore, the number of 48 per cent will be actually higher.&quot;<br /><br />Reeling out statistical details on the job scenario, the farm sector and other economic parameters, the Congress veteran said: &quot;Farmers' despondency has turned into anger and they have come to the streets to protest. The principal reasons are uneconomic prices for farm produce and stagnant wages of farm labour. There is widespread anger about the artificially fixed prices of petrol, diesel and LPG. The only reliable data (on jobs) is the quarterly survey of the Labour Bureau. Those numbers reveal that a few thousand jobs are created every quarter. Why has the Labour Bureau Survey for October-December 2017 not been released?&quot;<br /><br />He added: &quot;The tyres on three of the four wheels on which the economy rides are punctured.<br /><br />&quot;Firstly, exports: the growth rate in the last four years has been negative. Secondly, private investment: it is in the doldrums, if not dead. Gross fixed capital formation is stuck at 28.5 per cent for three years. Thirdly, private consumption: it was limping until a few months ago, there is a mild uptick, and we keep our fingers crossed.<br /><br />&quot;The only tyre that seems to be inflated is government expenditure. But, here too the government's options are getting limited because of the pressure on the current account deficit and the fiscal deficit.&quot;<br /><br />Referring to the adverse effects of demonetisation, Chidambaram said: &quot;The Tamil Nadu government has officially acknowledged that 50,000 SME units were shut down in 2017-18; 5,00,000 jobs were lost; and capital investment in the SME sector declined by Rs 11,000 crore. Exports from Tirupur declined from Rs 50,000 crore to Rs 36,000 crore in 2017-18. Multiply that several times for the whole country, and you will get an idea of the devastation wrought by demonetisation.&quot;<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" title="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry" class="re" target="_blank">The Telegraph, 12 June, 2018, https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry</a><div class="clear"></div>
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Economy in a shambles: PC

Published on Jun 12, 2018   Modified on Jun 12, 2018

-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey (May 2018) found that 48 per cent felt that the economic conditions had worsened in the last 12 months. The survey is unlikely to have covered the most backward parts of the country or the most deprived sections of the people. Therefore, the number of 48 per cent will be actually higher." Reeling out statistical details on the job scenario, the farm sector and other economic parameters, the Congress veteran said: "Farmers' despondency has turned into anger and they have come to the streets to protest. The principal reasons are uneconomic prices for farm produce and stagnant wages of farm labour. There is widespread anger about the artificially fixed prices of petrol, diesel and LPG. The only reliable data (on jobs) is the quarterly survey of the Labour Bureau. Those numbers reveal that a few thousand jobs are created every quarter. Why has the Labour Bureau Survey for October-December 2017 not been released?" He added: "The tyres on three of the four wheels on which the economy rides are punctured. "Firstly, exports: the growth rate in the last four years has been negative. Secondly, private investment: it is in the doldrums, if not dead. Gross fixed capital formation is stuck at 28.5 per cent for three years. Thirdly, private consumption: it was limping until a few months ago, there is a mild uptick, and we keep our fingers crossed. "The only tyre that seems to be inflated is government expenditure. But, here too the government's options are getting limited because of the pressure on the current account deficit and the fiscal deficit." Referring to the adverse effects of demonetisation, Chidambaram said: "The Tamil Nadu government has officially acknowledged that 50,000 SME units were shut down in 2017-18; 5,00,000 jobs were lost; and capital investment in the SME sector declined by Rs 11,000 crore. Exports from Tirupur declined from Rs 50,000 crore to Rs 36,000 crore in 2017-18. Multiply that several times for the whole country, and you will get an idea of the devastation wrought by demonetisation." Please click here to read more.

The Telegraph, 12 June, 2018, https://www.telegraphindia.com/india/economy-in-a-shambles-pc-237225?ref=india-ft-stry

Tagged with: Small and Medium Enterprises msmes Quarterly Employment Survey (QES) Gross Fixed Capital Formation (GFCF) P Chidambaram Economic Growth Government Expenditure

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