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
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
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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);

            } else {
$response = object(Cake\Http\Response) {

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    <h1 class="cat-box-title">Nobel winner Abhijit Banerjee calls for bigger government cash payments to Covid-hit poor -Paran Balakrishnan</h1>
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		 Published on</span><span class="text-date"> Jun 11, 2021</span>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Poverty research pioneer cites US, UK and EU experience; Niti Aayog vice-chairman disagrees, says there&rsquo;s no guarantee &lsquo;helicopter money&rsquo; will lead to spending</em></p><p style="text-align:justify">Nobel laureate Abhijit Banerjee has stepped up to the firing line by arguing the government should make bigger direct cash payments under the MGNREGA scheme to help people who have slid into poverty due to the pandemic.</p><p style="text-align:justify">The government has already indicated it&rsquo;s not keen on larger direct cash transfers, saying people would only park the money in bank accounts and not spend it. &ldquo;I contest the view of those who say at this time that we require at this time a direct cash transfer. All that income transfer would result only in higher bank deposits and not in higher consumption spending, and that is what we don&rsquo;t need,&rdquo; Niti Aayog Vice-Chairman Rajiv Kumar stated earlier this week.</p><p style="text-align:justify">Banerjee, a pioneer in research in reducing poverty, pitched strongly for hiking workdays under MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Scheme) to 150 days from 100 days. The MIT professor says: &ldquo;The people who have gone below the poverty line were actually the people who were just above the poverty line before (the pandemic).&rdquo; He added firmly in an interview to NDTV late Thursday: &ldquo;It won&rsquo;t take much for them to go back to normal.&rdquo;</p><p style="text-align:justify">He added: &ldquo;If the sectors &ndash; hotels, manufacturing, construction &ndash; where unskilled labourers are employed are revived quickly, then the situation may improve.&rdquo;</p><p style="text-align:justify">Kumar, who represents the government&rsquo;s line of thinking, contradicts this. &ldquo;Where is the guarantee that &lsquo;helicopter money,&rsquo; if dropped, would result in higher consumption and will lead to a virtuous cycle of higher consumption, higher investment, higher growth? I don&rsquo;t belong to that school of thought,&rdquo; he told Moneycontrol.</p><p style="text-align:justify">Instead, Kumar argues the government needs to focus its efforts and cash on the vaccination programme and until that&rsquo;s done it will be futile to hand out cash directly to individuals. As long as &ldquo;consumers have a fear of moving out and interacting, whatever you do, will not result in higher consumption, higher aggregate demand and higher economic activity,&rdquo; he says.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit" title="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">Nobel winner Abhijit Banerjee calls for bigger government cash payments to Covid-hit poor -Paran Balakrishnan</h1>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Poverty research pioneer cites US, UK and EU experience; Niti Aayog vice-chairman disagrees, says there&rsquo;s no guarantee &lsquo;helicopter money&rsquo; will lead to spending</em></p><p style="text-align:justify">Nobel laureate Abhijit Banerjee has stepped up to the firing line by arguing the government should make bigger direct cash payments under the MGNREGA scheme to help people who have slid into poverty due to the pandemic.</p><p style="text-align:justify">The government has already indicated it&rsquo;s not keen on larger direct cash transfers, saying people would only park the money in bank accounts and not spend it. &ldquo;I contest the view of those who say at this time that we require at this time a direct cash transfer. All that income transfer would result only in higher bank deposits and not in higher consumption spending, and that is what we don&rsquo;t need,&rdquo; Niti Aayog Vice-Chairman Rajiv Kumar stated earlier this week.</p><p style="text-align:justify">Banerjee, a pioneer in research in reducing poverty, pitched strongly for hiking workdays under MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Scheme) to 150 days from 100 days. The MIT professor says: &ldquo;The people who have gone below the poverty line were actually the people who were just above the poverty line before (the pandemic).&rdquo; He added firmly in an interview to NDTV late Thursday: &ldquo;It won&rsquo;t take much for them to go back to normal.&rdquo;</p><p style="text-align:justify">He added: &ldquo;If the sectors &ndash; hotels, manufacturing, construction &ndash; where unskilled labourers are employed are revived quickly, then the situation may improve.&rdquo;</p><p style="text-align:justify">Kumar, who represents the government&rsquo;s line of thinking, contradicts this. &ldquo;Where is the guarantee that &lsquo;helicopter money,&rsquo; if dropped, would result in higher consumption and will lead to a virtuous cycle of higher consumption, higher investment, higher growth? I don&rsquo;t belong to that school of thought,&rdquo; he told Moneycontrol.</p><p style="text-align:justify">Instead, Kumar argues the government needs to focus its efforts and cash on the vaccination programme and until that&rsquo;s done it will be futile to hand out cash directly to individuals. As long as &ldquo;consumers have a fear of moving out and interacting, whatever you do, will not result in higher consumption, higher aggregate demand and higher economic activity,&rdquo; he says.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit" title="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&utm_medium=social&utm_campaign=tt_daily_twit" class="re" target="_blank">The Telegraph, 11 June, 2021, https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&utm_medium=social&utm_campaign=tt_daily_twit</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>Poverty research pioneer cites US, UK and EU experience; Niti Aayog vice-chairman disagrees, says there&rsquo;s no guarantee &lsquo;helicopter money&rsquo; will lead to spending</em></p><p style="text-align:justify">Nobel laureate Abhijit Banerjee has stepped up to the firing line by arguing the government should make bigger direct cash payments under the MGNREGA scheme to help people who have slid into poverty due to the pandemic.</p><p style="text-align:justify">The government has already indicated it&rsquo;s not keen on larger direct cash transfers, saying people would only park the money in bank accounts and not spend it. &ldquo;I contest the view of those who say at this time that we require at this time a direct cash transfer. All that income transfer would result only in higher bank deposits and not in higher consumption spending, and that is what we don&rsquo;t need,&rdquo; Niti Aayog Vice-Chairman Rajiv Kumar stated earlier this week.</p><p style="text-align:justify">Banerjee, a pioneer in research in reducing poverty, pitched strongly for hiking workdays under MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Scheme) to 150 days from 100 days. The MIT professor says: &ldquo;The people who have gone below the poverty line were actually the people who were just above the poverty line before (the pandemic).&rdquo; He added firmly in an interview to NDTV late Thursday: &ldquo;It won&rsquo;t take much for them to go back to normal.&rdquo;</p><p style="text-align:justify">He added: &ldquo;If the sectors &ndash; hotels, manufacturing, construction &ndash; where unskilled labourers are employed are revived quickly, then the situation may improve.&rdquo;</p><p style="text-align:justify">Kumar, who represents the government&rsquo;s line of thinking, contradicts this. &ldquo;Where is the guarantee that &lsquo;helicopter money,&rsquo; if dropped, would result in higher consumption and will lead to a virtuous cycle of higher consumption, higher investment, higher growth? I don&rsquo;t belong to that school of thought,&rdquo; he told Moneycontrol.</p><p style="text-align:justify">Instead, Kumar argues the government needs to focus its efforts and cash on the vaccination programme and until that&rsquo;s done it will be futile to hand out cash directly to individuals. As long as &ldquo;consumers have a fear of moving out and interacting, whatever you do, will not result in higher consumption, higher aggregate demand and higher economic activity,&rdquo; he says.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit" title="https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=tt_daily_twit">click here</a> to read more.</p>                                                           
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Nobel winner Abhijit Banerjee calls for bigger government cash payments to Covid-hit poor -Paran Balakrishnan

Published on Jun 11, 2021   Modified on Jun 14, 2021

-The Telegraph Poverty research pioneer cites US, UK and EU experience; Niti Aayog vice-chairman disagrees, says there’s no guarantee ‘helicopter money’ will lead to spending Nobel laureate Abhijit Banerjee has stepped up to the firing line by arguing the government should make bigger direct cash payments under the MGNREGA scheme to help people who have slid into poverty due to the pandemic. The government has already indicated it’s not keen on larger direct cash transfers, saying people would only park the money in bank accounts and not spend it. “I contest the view of those who say at this time that we require at this time a direct cash transfer. All that income transfer would result only in higher bank deposits and not in higher consumption spending, and that is what we don’t need,” Niti Aayog Vice-Chairman Rajiv Kumar stated earlier this week. Banerjee, a pioneer in research in reducing poverty, pitched strongly for hiking workdays under MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Scheme) to 150 days from 100 days. The MIT professor says: “The people who have gone below the poverty line were actually the people who were just above the poverty line before (the pandemic).” He added firmly in an interview to NDTV late Thursday: “It won’t take much for them to go back to normal.” He added: “If the sectors – hotels, manufacturing, construction – where unskilled labourers are employed are revived quickly, then the situation may improve.” Kumar, who represents the government’s line of thinking, contradicts this. “Where is the guarantee that ‘helicopter money,’ if dropped, would result in higher consumption and will lead to a virtuous cycle of higher consumption, higher investment, higher growth? I don’t belong to that school of thought,” he told Moneycontrol. Instead, Kumar argues the government needs to focus its efforts and cash on the vaccination programme and until that’s done it will be futile to hand out cash directly to individuals. As long as “consumers have a fear of moving out and interacting, whatever you do, will not result in higher consumption, higher aggregate demand and higher economic activity,” he says. Please click here to read more.

The Telegraph, 11 June, 2021, https://www.telegraphindia.com/india/nobel-winner-abhijit-banerjee-calls-for-bigger-government-cash-payments-to-covid-hit-poor/cid/1818488?utm_source=twitter&utm_medium=social&utm_campaign=tt_daily_twit

Tagged with: MGNREGS MGNREGA Cash Transfers Cash Transfer Abhijit Banerjee NITI Aayog Poverty Rural Demand Purchasing Power

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