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/government-led-inflation-1503/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/government-led-inflation-1503/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/government-led-inflation-1503/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/government-led-inflation-1503/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 Contextif (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('cakeErr680dc364947ad-trace').style.display = (document.getElementById('cakeErr680dc364947ad-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="cakeErr680dc364947ad-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-code').style.display = (document.getElementById('cakeErr680dc364947ad-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-context').style.display = (document.getElementById('cakeErr680dc364947ad-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680dc364947ad-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </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">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680dc364947ad-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, '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) 1427, 'metaTitle' => 'LATEST NEWS UPDATES | Government-led inflation', 'metaKeywords' => null, 'metaDesc' => ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...', 'disp' => '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 1427 $metaTitle = 'LATEST NEWS UPDATES | Government-led inflation' $metaKeywords = null $metaDesc = ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...' $disp = '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/government-led-inflation-1503.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 | Government-led inflation | Im4change.org</title> <meta name="description" content=" Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>Government-led inflation</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p> </font> </td> </tr> <tr> <td> </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('cakeErr680dc364947ad-trace').style.display = (document.getElementById('cakeErr680dc364947ad-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="cakeErr680dc364947ad-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-code').style.display = (document.getElementById('cakeErr680dc364947ad-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-context').style.display = (document.getElementById('cakeErr680dc364947ad-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680dc364947ad-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </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">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680dc364947ad-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, '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) 1427, 'metaTitle' => 'LATEST NEWS UPDATES | Government-led inflation', 'metaKeywords' => null, 'metaDesc' => ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...', 'disp' => '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 1427 $metaTitle = 'LATEST NEWS UPDATES | Government-led inflation' $metaKeywords = null $metaDesc = ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...' $disp = '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/government-led-inflation-1503.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 | Government-led inflation | Im4change.org</title> <meta name="description" content=" Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>Government-led inflation</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p> </font> </td> </tr> <tr> <td> </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>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$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('cakeErr680dc364947ad-trace').style.display = (document.getElementById('cakeErr680dc364947ad-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="cakeErr680dc364947ad-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-code').style.display = (document.getElementById('cakeErr680dc364947ad-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680dc364947ad-context').style.display = (document.getElementById('cakeErr680dc364947ad-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680dc364947ad-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </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">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680dc364947ad-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, '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) 1427, 'metaTitle' => 'LATEST NEWS UPDATES | Government-led inflation', 'metaKeywords' => null, 'metaDesc' => ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...', 'disp' => '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 1427 $metaTitle = 'LATEST NEWS UPDATES | Government-led inflation' $metaKeywords = null $metaDesc = ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...' $disp = '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year&rsquo;s drought, But a bigger and&nbsp;less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India&rsquo;s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/government-led-inflation-1503.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 | Government-led inflation | Im4change.org</title> <meta name="description" content=" Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>Government-led inflation</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p> </font> </td> </tr> <tr> <td> </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) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, '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) 1427, 'metaTitle' => 'LATEST NEWS UPDATES | Government-led inflation', 'metaKeywords' => null, 'metaDesc' => ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...', 'disp' => '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 1427, 'title' => 'Government-led inflation', 'subheading' => '', 'description' => '<p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font> </p> <p align="justify"> <font face="arial,helvetica,sans-serif" size="3">The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font> </p> ', 'credit_writer' => 'The Economic Times, 16 March, 2010, http://economictimes.indiatimes.com/opinion/editorial/Government-led-inflation/articleshow/5688450.cms', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'government-led-inflation-1503', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 1503, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 1427 $metaTitle = 'LATEST NEWS UPDATES | Government-led inflation' $metaKeywords = null $metaDesc = ' Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and...' $disp = '<p align="justify"><font >Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. </font></p><p align="justify"><font >But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian <a href="http://im4change.org/articles.php?articleId=14" title="http://im4change.org/articles.php?articleId=14">farmers </a>too, arguing that Indian prices were still well below global rates. </font></p><p align="justify"><font >However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. </font></p><p align="justify"><font >Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. </font></p><p align="justify"><font >The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. </font></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
![]() |
Government-led inflation |
Food inflation remains extraordinarily high at 17.79%. The government emphasises supply problems caused by last year’s drought, But a bigger and less reversible problem is government-led inflation through big increases in the Minimum Support Prices (MSP). The MSP for wheat and paddy rose only modestly between 2002-03 and 2005-06 , from Rs 620 to Rs 650/ quintal and from Rs 530 to Rs 570/quintal respecticely. But after that the MSP shot up to touch Rs 1,100 for wheat and Rs 950 for paddy in 2009-10 . This has been infinitely more inflationary than any drought. Now, world prices of grain went through the roof in 2008, following the diversion of large acreage across the world from food to bio-fuels . The government felt obliged to raise MSPs for Indian farmers too, arguing that Indian prices were still well below global rates. However, world prices can fall dramatically, and this is not true of MSP, which no politician wants to ever reduce. Today, the wheat MSP is more than 20% below the Chicago price. India’s rice price is still competitive globally, but this owes much to free farm power for this most water-intensive of all grains. The MSP of wheat was, thankfully, increased only marginally in 2009-10 , but that of paddy shot up from Rs 850 to Rs 950/quintal. Between 1965 and 1997, overall inflation in India averaged 8-9 % per year, and big hikes in MSP were compatible with this overall rate. But now we aim to bring inflation down to 4%, which implies dramatically controlling MSPs too. Indeed, world prices of cereals have fallen in real terms for two centuries, and we are now in danger of forcing up farm prices completely out of line with global ones. We may end up like Korea and Japan, which catered to small farmers by constantly pushing up rice prices until they were hundreds of percent higher than world prices. The right approach is to not to give farmers ever-rising prices and subsidies but to facilitate their shift of out agriculture through massive provision of rural infrastructure and liberalised labour laws that encourage the hiring of workers. This will allow the average farm size to quadruple. That will be a better longterm source of farm prosperity than high MSPs. |