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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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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
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

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        LATEST NEWS UPDATES | Inequality is bad for growth -Himanshu    </title>
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Tackling inequality and inclusive growth is an economic necessity for the country 

After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as &ldquo;Francis the Marxist&rdquo;, for his..."/>
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Tackling inequality and inclusive growth is an economic necessity for the country 

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                            <div align="justify">-Livemint<br /><br /><em>Tackling inequality and inclusive growth is an economic necessity for the country <br /></em><br />After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as &ldquo;Francis the Marxist&rdquo;, for his tweet &ldquo;Inequality is the root of social evil&rdquo;, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical and moral concerns of high inequality, but also goes on to give economic evidence that high inequality may actually be hurting growth. Coming from an institution which not so long ago projected the virtues of market and &ldquo;trickle down&rdquo; theory, the latest report has brought the issue of inequality back on its agenda.<br /><br />In a nutshell, the report shows that an increase in the income share of the poor and middle classes by 1 percentage point raises growth by 0.38 percentage points in a country over five years. On the other hand, an increase in the income share of the rich by 1 percentage point reduces growth by 0.08 percentage points. These may be small numbers for a country growing at more than 7%, but they strike at the heart of the economic wisdom perpetuated by IMF about trickle-down theory, which argues that the benefits of growth trickle down to the poor. If at all, the evidence suggests a trickle-up rather than trickle-down effect. &nbsp;<br /><br />Please <a href="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html" title="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html">click here</a> to read more. <br /></div>                                                           
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Tackling inequality and inclusive growth is an economic necessity for the country 

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    <h1 class="cat-box-title">Inequality is bad for growth -Himanshu</h1>
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                            <div align="justify">-Livemint<br /><br /><em>Tackling inequality and inclusive growth is an economic necessity for the country <br /></em><br />After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as &ldquo;Francis the Marxist&rdquo;, for his tweet &ldquo;Inequality is the root of social evil&rdquo;, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical and moral concerns of high inequality, but also goes on to give economic evidence that high inequality may actually be hurting growth. Coming from an institution which not so long ago projected the virtues of market and &ldquo;trickle down&rdquo; theory, the latest report has brought the issue of inequality back on its agenda.<br /><br />In a nutshell, the report shows that an increase in the income share of the poor and middle classes by 1 percentage point raises growth by 0.38 percentage points in a country over five years. On the other hand, an increase in the income share of the rich by 1 percentage point reduces growth by 0.08 percentage points. These may be small numbers for a country growing at more than 7%, but they strike at the heart of the economic wisdom perpetuated by IMF about trickle-down theory, which argues that the benefits of growth trickle down to the poor. If at all, the evidence suggests a trickle-up rather than trickle-down effect. &nbsp;<br /><br />Please <a href="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html" title="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Inequality is bad for growth -Himanshu</h1>
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                            <div align="justify">-Livemint<br /><br /><em>Tackling inequality and inclusive growth is an economic necessity for the country <br /></em><br />After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as &ldquo;Francis the Marxist&rdquo;, for his tweet &ldquo;Inequality is the root of social evil&rdquo;, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical and moral concerns of high inequality, but also goes on to give economic evidence that high inequality may actually be hurting growth. Coming from an institution which not so long ago projected the virtues of market and &ldquo;trickle down&rdquo; theory, the latest report has brought the issue of inequality back on its agenda.<br /><br />In a nutshell, the report shows that an increase in the income share of the poor and middle classes by 1 percentage point raises growth by 0.38 percentage points in a country over five years. On the other hand, an increase in the income share of the rich by 1 percentage point reduces growth by 0.08 percentage points. These may be small numbers for a country growing at more than 7%, but they strike at the heart of the economic wisdom perpetuated by IMF about trickle-down theory, which argues that the benefits of growth trickle down to the poor. If at all, the evidence suggests a trickle-up rather than trickle-down effect. &nbsp;<br /><br />Please <a href="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html" title="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html" class="re" target="_blank">Livemint.com, 24 June, 2015, http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html</a><div class="clear"></div>
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Inequality is bad for growth -Himanshu

Published on Jun 24, 2015   Modified on Jun 24, 2015

-Livemint Tackling inequality and inclusive growth is an economic necessity for the country After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as “Francis the Marxist”, for his tweet “Inequality is the root of social evil”, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical and moral concerns of high inequality, but also goes on to give economic evidence that high inequality may actually be hurting growth. Coming from an institution which not so long ago projected the virtues of market and “trickle down” theory, the latest report has brought the issue of inequality back on its agenda. In a nutshell, the report shows that an increase in the income share of the poor and middle classes by 1 percentage point raises growth by 0.38 percentage points in a country over five years. On the other hand, an increase in the income share of the rich by 1 percentage point reduces growth by 0.08 percentage points. These may be small numbers for a country growing at more than 7%, but they strike at the heart of the economic wisdom perpetuated by IMF about trickle-down theory, which argues that the benefits of growth trickle down to the poor. If at all, the evidence suggests a trickle-up rather than trickle-down effect.   Please click here to read more.

Livemint.com, 24 June, 2015, http://www.livemint.com/Opinion/DeJZ1f0WCpqwuhKAvK3PbK/Inequality-is-bad-for-growth.html

Tagged with: Income Distribution Income Inequality Inequality Economic Disparity

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