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
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')) {

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        LATEST NEWS UPDATES |  More fiscal support is imperative: CII chief -Suresh Seshadri    </title>
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Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.

India&rsquo;s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well..."/>
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Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.</em></p><p style="text-align:justify">India&rsquo;s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday.</p><p style="text-align:justify">&ldquo;I think the time has come for the fisc [fiscal authorities] to do a lot more in terms of supporting very specified, well-defined segments of the economy, including individuals and households,&rdquo; Mr. Kotak said in an interview. &ldquo;The government in its budget planning... has done a very conservative revenue estimate for 21/22 in terms of its targets, so I think they should do better in many areas.&rdquo;</p><p style="text-align:justify">Arguing that the risks of not increasing fiscal spending at the current juncture were far greater than a possible overshoot of the government&rsquo;s budgeted fiscal deficit target of 6.8%, Mr. Kotak said, &ldquo;At a time like the pandemic, we need to support the economy to at least a base level, because otherwise that trend growth can get much more affected.&rdquo; Observing that the higher-than-budgeted surplus pay-out by the Reserve Bank of India had already provided an additional cushion of about 50,000 crore to the government, the veteran banker said the CII had already suggested that the RBI ought to expand the size of its balance sheet in order to facilitate the anticipated higher level of government borrowing.</p><p style="text-align:justify">&ldquo;Even if it [fiscal deficit] went a little above 6.8-7%, I think that&rsquo;s not the end of the world, expand the fisc, support the weaker segments of society or stressed sectors,&rdquo; he added.</p><p style="text-align:justify">After recommending stringent curbs on economic activity to contain the &lsquo;suffering&rsquo; from the pandemic, Mr. Kotak earlier this month urged companies to take &lsquo;voluntary measures&rsquo; to break the COVID transmission chain by minimising all in-person work. Mr. Kotak, who completes his term at CII&rsquo;s helm on May 31, said the coming months would require careful calibration to revive the economy.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true" title="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <h1 class="cat-box-title"> More fiscal support is imperative: CII chief -Suresh Seshadri</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.</em></p><p style="text-align:justify">India&rsquo;s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday.</p><p style="text-align:justify">&ldquo;I think the time has come for the fisc [fiscal authorities] to do a lot more in terms of supporting very specified, well-defined segments of the economy, including individuals and households,&rdquo; Mr. Kotak said in an interview. &ldquo;The government in its budget planning... has done a very conservative revenue estimate for 21/22 in terms of its targets, so I think they should do better in many areas.&rdquo;</p><p style="text-align:justify">Arguing that the risks of not increasing fiscal spending at the current juncture were far greater than a possible overshoot of the government&rsquo;s budgeted fiscal deficit target of 6.8%, Mr. Kotak said, &ldquo;At a time like the pandemic, we need to support the economy to at least a base level, because otherwise that trend growth can get much more affected.&rdquo; Observing that the higher-than-budgeted surplus pay-out by the Reserve Bank of India had already provided an additional cushion of about 50,000 crore to the government, the veteran banker said the CII had already suggested that the RBI ought to expand the size of its balance sheet in order to facilitate the anticipated higher level of government borrowing.</p><p style="text-align:justify">&ldquo;Even if it [fiscal deficit] went a little above 6.8-7%, I think that&rsquo;s not the end of the world, expand the fisc, support the weaker segments of society or stressed sectors,&rdquo; he added.</p><p style="text-align:justify">After recommending stringent curbs on economic activity to contain the &lsquo;suffering&rsquo; from the pandemic, Mr. Kotak earlier this month urged companies to take &lsquo;voluntary measures&rsquo; to break the COVID transmission chain by minimising all in-person work. Mr. Kotak, who completes his term at CII&rsquo;s helm on May 31, said the coming months would require careful calibration to revive the economy.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true" title="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.

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    <h1 class="cat-box-title"> More fiscal support is imperative: CII chief -Suresh Seshadri</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Uday Kotak highlights risks of not spending, says a lot will hinge on States&rsquo; approach to reopening.</em></p><p style="text-align:justify">India&rsquo;s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday.</p><p style="text-align:justify">&ldquo;I think the time has come for the fisc [fiscal authorities] to do a lot more in terms of supporting very specified, well-defined segments of the economy, including individuals and households,&rdquo; Mr. Kotak said in an interview. &ldquo;The government in its budget planning... has done a very conservative revenue estimate for 21/22 in terms of its targets, so I think they should do better in many areas.&rdquo;</p><p style="text-align:justify">Arguing that the risks of not increasing fiscal spending at the current juncture were far greater than a possible overshoot of the government&rsquo;s budgeted fiscal deficit target of 6.8%, Mr. Kotak said, &ldquo;At a time like the pandemic, we need to support the economy to at least a base level, because otherwise that trend growth can get much more affected.&rdquo; Observing that the higher-than-budgeted surplus pay-out by the Reserve Bank of India had already provided an additional cushion of about 50,000 crore to the government, the veteran banker said the CII had already suggested that the RBI ought to expand the size of its balance sheet in order to facilitate the anticipated higher level of government borrowing.</p><p style="text-align:justify">&ldquo;Even if it [fiscal deficit] went a little above 6.8-7%, I think that&rsquo;s not the end of the world, expand the fisc, support the weaker segments of society or stressed sectors,&rdquo; he added.</p><p style="text-align:justify">After recommending stringent curbs on economic activity to contain the &lsquo;suffering&rsquo; from the pandemic, Mr. Kotak earlier this month urged companies to take &lsquo;voluntary measures&rsquo; to break the COVID transmission chain by minimising all in-person work. Mr. Kotak, who completes his term at CII&rsquo;s helm on May 31, said the coming months would require careful calibration to revive the economy.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true" title="https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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More fiscal support is imperative: CII chief -Suresh Seshadri

Published on May 26, 2021   Modified on May 27, 2021

-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot more in terms of supporting very specified, well-defined segments of the economy, including individuals and households,” Mr. Kotak said in an interview. “The government in its budget planning... has done a very conservative revenue estimate for 21/22 in terms of its targets, so I think they should do better in many areas.” Arguing that the risks of not increasing fiscal spending at the current juncture were far greater than a possible overshoot of the government’s budgeted fiscal deficit target of 6.8%, Mr. Kotak said, “At a time like the pandemic, we need to support the economy to at least a base level, because otherwise that trend growth can get much more affected.” Observing that the higher-than-budgeted surplus pay-out by the Reserve Bank of India had already provided an additional cushion of about 50,000 crore to the government, the veteran banker said the CII had already suggested that the RBI ought to expand the size of its balance sheet in order to facilitate the anticipated higher level of government borrowing. “Even if it [fiscal deficit] went a little above 6.8-7%, I think that’s not the end of the world, expand the fisc, support the weaker segments of society or stressed sectors,” he added. After recommending stringent curbs on economic activity to contain the ‘suffering’ from the pandemic, Mr. Kotak earlier this month urged companies to take ‘voluntary measures’ to break the COVID transmission chain by minimising all in-person work. Mr. Kotak, who completes his term at CII’s helm on May 31, said the coming months would require careful calibration to revive the economy. Please click here to read more.

-The Hindu, 26 May, 2021, https://www.thehindu.com/business/Economy/cii-chief-uday-kotak-interview-more-fiscal-support-is-imperative/article34652775.ece?homepage=true

Tagged with: Fiscal Support Government Spending

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