Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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    <h1 class="cat-box-title">India&#039;s economy is in such deep slump that lowering interest rates alone won&#039;t fix it -Rahul Menon</h1>
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		 Published on</span><span class="text-date"> Aug 10, 2019</span>
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                            <div align="justify">-Scroll.in/ qz.com<br /><br /><em>There are parallels between India&rsquo;s economic situation today and the US experience of 2008.<br /></em><br />The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth?<br /><br />On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for the current financial year to 6.9%, from its earlier forecast of 7%. India has already lost its tag as the world&rsquo;s fastest-growing major economy after GDP growth in the March quarter of financial year 2019 slipped to 5.8%.<br /><br />Taking note of the sagging growth, the central bank cut the repo rate &ndash; at which it lends to commercial banks &ndash; by 35 basis points to 5.4%, the lowest level since 2010. A basis point is one-hundredth of a percentage point. This marks the fourth consecutive time the key interest rate has been slashed since February 2019.<br /><br />The reasoning is that lower interest rates will reduce the cost of loans and stimulate falling consumption. The current economic slowdown has been widely attributed to tepid demand, which has, in the past been the key driver of growth.<br /><br />Please <a href="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM" title="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Scroll.in/ qz.com<br /><br /><em>There are parallels between India&rsquo;s economic situation today and the US experience of 2008.<br /></em><br />The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth?<br /><br />On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for the current financial year to 6.9%, from its earlier forecast of 7%. India has already lost its tag as the world&rsquo;s fastest-growing major economy after GDP growth in the March quarter of financial year 2019 slipped to 5.8%.<br /><br />Taking note of the sagging growth, the central bank cut the repo rate &ndash; at which it lends to commercial banks &ndash; by 35 basis points to 5.4%, the lowest level since 2010. A basis point is one-hundredth of a percentage point. This marks the fourth consecutive time the key interest rate has been slashed since February 2019.<br /><br />The reasoning is that lower interest rates will reduce the cost of loans and stimulate falling consumption. The current economic slowdown has been widely attributed to tepid demand, which has, in the past been the key driver of growth.<br /><br />Please <a href="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM" title="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">India&#039;s economy is in such deep slump that lowering interest rates alone won&#039;t fix it -Rahul Menon</h1>
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                            <div align="justify">-Scroll.in/ qz.com<br /><br /><em>There are parallels between India&rsquo;s economic situation today and the US experience of 2008.<br /></em><br />The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth?<br /><br />On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for the current financial year to 6.9%, from its earlier forecast of 7%. India has already lost its tag as the world&rsquo;s fastest-growing major economy after GDP growth in the March quarter of financial year 2019 slipped to 5.8%.<br /><br />Taking note of the sagging growth, the central bank cut the repo rate &ndash; at which it lends to commercial banks &ndash; by 35 basis points to 5.4%, the lowest level since 2010. A basis point is one-hundredth of a percentage point. This marks the fourth consecutive time the key interest rate has been slashed since February 2019.<br /><br />The reasoning is that lower interest rates will reduce the cost of loans and stimulate falling consumption. The current economic slowdown has been widely attributed to tepid demand, which has, in the past been the key driver of growth.<br /><br />Please <a href="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM" title="https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hgHfBwDJC7-l9_rM_pO2FM">click here</a> to read more. <br /></div>                                                           
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India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon

Published on Aug 10, 2019   Modified on Aug 10, 2019

-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for the current financial year to 6.9%, from its earlier forecast of 7%. India has already lost its tag as the world’s fastest-growing major economy after GDP growth in the March quarter of financial year 2019 slipped to 5.8%. Taking note of the sagging growth, the central bank cut the repo rate – at which it lends to commercial banks – by 35 basis points to 5.4%, the lowest level since 2010. A basis point is one-hundredth of a percentage point. This marks the fourth consecutive time the key interest rate has been slashed since February 2019. The reasoning is that lower interest rates will reduce the cost of loans and stimulate falling consumption. The current economic slowdown has been widely attributed to tepid demand, which has, in the past been the key driver of growth. Please click here to read more.

Scroll.in/ qz.com, 9 August, 2019, https://scroll.in/article/933213/indias-economy-is-in-such-deep-slump-that-lowering-interest-rates-alone-wont-fix-it?fbclid=IwAR0WqGIfD42RHVuNYzQn7MHXg53Z_XZGynw11hg

Tagged with: Economic Slowdown Economic Growth Repo Rate

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