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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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
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

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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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 {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0e9e57c0fb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-code').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-context').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0e9e57c0fb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0e9e57c0fb-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 63929,
		&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 63929,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 63929,
	&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {},
		(int) 9 =&gt; object(Cake\ORM\Entity) {},
		(int) 10 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 63929
$metaTitle = &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;
$metaKeywords = &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;
$metaDesc = &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="-ThePrint.in

RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-ThePrint.in</p><p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p><p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p><p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p><p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p><p style="text-align:justify"><em>Ineffective repo rate cuts</em></p><p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p><p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p><p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/" title="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0e9e57c0fb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-code').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-context').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0e9e57c0fb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0e9e57c0fb-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 63929,
		&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 63929,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 63929,
	&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {},
		(int) 9 =&gt; object(Cake\ORM\Entity) {},
		(int) 10 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 63929
$metaTitle = &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;
$metaKeywords = &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;
$metaDesc = &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="-ThePrint.in

RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-ThePrint.in</p><p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p><p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p><p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p><p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p><p style="text-align:justify"><em>Ineffective repo rate cuts</em></p><p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p><p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p><p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/" title="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0e9e57c0fb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-code').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0e9e57c0fb-context').style.display = (document.getElementById('cakeErr67f0e9e57c0fb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0e9e57c0fb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0e9e57c0fb-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 63929,
		&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 63929,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 63929,
	&#039;title&#039; =&gt; &#039;Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {},
		(int) 9 =&gt; object(Cake\ORM\Entity) {},
		(int) 10 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 63929
$metaTitle = &#039;LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan&#039;
$metaKeywords = &#039;Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY&#039;
$metaDesc = &#039;-ThePrint.in

RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-ThePrint.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;RBI&amp;#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;New Delhi: &lt;/em&gt;Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&amp;rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&amp;rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&amp;rsquo;s decision to defer the imposition of a tax on unblended fuel.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Ineffective repo rate cuts&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&amp;rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot; title=&quot;https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="-ThePrint.in

RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-ThePrint.in</p><p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p><p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p><p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p><p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p><p style="text-align:justify"><em>Ineffective repo rate cuts</em></p><p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p><p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p><p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/" title="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 63929,
		'title' => 'Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan',
		'subheading' => null,
		'description' => '<p style="text-align:justify">-ThePrint.in</p>

<p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p>

<p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p>

<p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p>

<p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p>

<p style="text-align:justify"><em>Ineffective repo rate cuts</em></p>

<p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p>

<p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p>

<p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>
',
		'credit_writer' => 'ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan',
		'meta_title' => '',
		'meta_keywords' => '',
		'meta_description' => '',
		'noindex' => (int) 1,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => null,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 63929,
	'metaTitle' => 'LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan',
	'metaKeywords' => 'Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY',
	'metaDesc' => '-ThePrint.in

RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...',
	'disp' => '<p style="text-align:justify">-ThePrint.in</p><p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p><p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p><p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p><p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p><p style="text-align:justify"><em>Ineffective repo rate cuts</em></p><p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p><p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p><p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/" title="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 63929,
	'title' => 'Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan',
	'subheading' => null,
	'description' => '<p style="text-align:justify">-ThePrint.in</p>

<p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p>

<p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p>

<p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p>

<p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p>

<p style="text-align:justify"><em>Ineffective repo rate cuts</em></p>

<p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p>

<p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p>

<p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>
',
	'credit_writer' => 'ThePrint.in, 4 October, 2022, https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy-sharad-raghavan',
	'meta_title' => '',
	'meta_keywords' => '',
	'meta_description' => '',
	'noindex' => (int) 1,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => null,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {},
		(int) 6 => object(Cake\ORM\Entity) {},
		(int) 7 => object(Cake\ORM\Entity) {},
		(int) 8 => object(Cake\ORM\Entity) {},
		(int) 9 => object(Cake\ORM\Entity) {},
		(int) 10 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 63929
$metaTitle = 'LATEST NEWS UPDATES | Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan'
$metaKeywords = 'Repo rate,Reserve Bank of India,RBI,Economic Growth,Interest Rate,Gujarat,Himachal Pradesh,Assembly polls,Assembly elections,Pradhan Mantri Garib Kalyan Anna Yojana,PMGKAY'
$metaDesc = '-ThePrint.in

RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.

New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an...'
$disp = '<p style="text-align:justify">-ThePrint.in</p><p style="text-align:justify"><em>RBI&#39;s rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists.</em></p><p style="text-align:justify"><em>New Delhi: </em>Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next?</p><p style="text-align:justify">The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India&rsquo;s announcement of a 50 basis points (bps) hike in the repo rate, the Union government&rsquo;s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance&rsquo;s decision to defer the imposition of a tax on unblended fuel.</p><p style="text-align:justify">All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs.</p><p style="text-align:justify"><em>Ineffective repo rate cuts</em></p><p style="text-align:justify">While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government.</p><p style="text-align:justify">An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn&rsquo;t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation.</p><p style="text-align:justify">Please <a href="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/" title="https://theprint.in/economy/free-grains-fuel-tax-deferred-gujarat-hp-on-its-mind-modi-govt-puts-politics-over-economy/1153361/">click here</a> to read more.&nbsp;</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

Free grains, fuel tax deferred – Gujarat, HP on its mind, Modi govt puts politics over economy -Sharad Raghavan

-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions announced over the last one week: the Reserve Bank of India’s announcement of a 50 basis points (bps) hike in the repo rate, the Union government’s extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) free food programme for another three months, and the Ministry of Finance’s decision to defer the imposition of a tax on unblended fuel. All these decisions, economists say, have the potential to pay significant political dividends, but they could also have commensurate economic costs. Ineffective repo rate cuts While the decision on the repo rate (the rate at which the central bank lends money to commercial banks) is taken by the Monetary Policy Committee (MPC) of the RBI, this is usually done after extensive consultations with the Ministry of Finance. Additionally, three members of the MPC are appointed by the government. An analysis of the repo rate and retail inflation over the last decade has shown that there is barely any correlation between the two. That is, it doesn’t necessarily mean that an interest rate hike will be followed by a fall in inflation, or that an interest rate cut would spur higher inflation. Please click here to read more.