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: 73
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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
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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
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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

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: 74
 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::printArticle() - APP/Controller/ArtileDetailController.php, line 74
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 88
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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&lt;p style=&quot;text-align:justify&quot;&gt;In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a &lt;a href=&quot;/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf&quot;&gt;research note&lt;/a&gt;.&lt;br /&gt;
&amp;nbsp;&lt;br /&gt;
In the &lt;a href=&quot;/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf&quot;&gt;report&lt;/a&gt;, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, &amp;quot;A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-&amp;agrave;-vis currency, then for a given stock of currency, the money multiplier might decline.&amp;quot;&lt;br /&gt;
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With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years,..."/>
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                <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify">In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">research note</a>.<br />&nbsp;<br />In the <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">report</a>, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, &quot;A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-&agrave;-vis currency, then for a given stock of currency, the money multiplier might decline.&quot;<br />&nbsp;<br />With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says.</p><p style="text-align:justify">Please <a href="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html" title="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html">click here</a> to read more.&nbsp;</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a &lt;a href=&quot;/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf&quot;&gt;research note&lt;/a&gt;.&lt;br /&gt;
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                <strong>First Time in 20 Years, Currency in Circulation Declines in a Busy Diwali Week: SBI</strong></h1>
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                <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify">In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">research note</a>.<br />&nbsp;<br />In the <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">report</a>, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, &quot;A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-&agrave;-vis currency, then for a given stock of currency, the money multiplier might decline.&quot;<br />&nbsp;<br />With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says.</p><p style="text-align:justify">Please <a href="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html" title="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html">click here</a> to read more.&nbsp;</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a &lt;a href=&quot;/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf&quot;&gt;research note&lt;/a&gt;.&lt;br /&gt;
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In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years,..."/>
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                <strong>First Time in 20 Years, Currency in Circulation Declines in a Busy Diwali Week: SBI</strong></h1>
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                <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify">In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">research note</a>.<br />&nbsp;<br />In the <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf" title="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">report</a>, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, &quot;A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-&agrave;-vis currency, then for a given stock of currency, the money multiplier might decline.&quot;<br />&nbsp;<br />With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says.</p><p style="text-align:justify">Please <a href="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html" title="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html">click here</a> to read more.&nbsp;</p>               </font>
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<p style="text-align:justify">In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">research note</a>.<br />
&nbsp;<br />
In the <a href="/upload/files/SBI%20Ecowrap_3%20Nov%202022.pdf">report</a>, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, &quot;A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-&agrave;-vis currency, then for a given stock of currency, the money multiplier might decline.&quot;<br />
&nbsp;<br />
With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says.</p>

<p style="text-align:justify">Please <a href="https://www.moneylife.in/article/first-time-in-20-years-currency-in-circulation-declines-in-a-busy-diwali-week-sbi/68788.html">click here</a> to read more.&nbsp;</p>
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First Time in 20 Years, Currency in Circulation Declines in a Busy Diwali Week: SBI

-The Telegraph In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a research note.   In the report, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank of India (SBI), says, "A lower currency in circulation also is akin to a cash reserve ratio (CRR) cut for the banking system, as it results in less leakage of deposits and it will impact monetary transmission positively. The increasing usage of pre-paid instruments (PPIs, also a part of e-money) has the potential to impact the measure of monetary aggregates. For example, if a consumer prefers to use e-money or PPI in the case of India vis-à-vis currency, then for a given stock of currency, the money multiplier might decline."   With the increase in digital transactions, this is the first time after 2002 that currency in circulation during the Diwali week shows a decline, assuming that the marginal decrease in 2009 was purely because of economic slowdown, SBI says. Please click here to read more.