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
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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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    <h1 class="cat-box-title">139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan</h1>
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		 Published on</span><span class="text-date"> Jun 15, 2020</span>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>30% of India&rsquo;s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption</em></p><p style="text-align:justify">In the best of times, India&rsquo;s poor lead a fragile existence but in the worst of times their situation becomes extremely precarious. The lockdown of the country over the past few months has discomfited everyone but it has hit the urban poor the hardest.</p><p style="text-align:justify">Measuring vulnerability accurately is difficult but an analysis based on data from official sources suggests that even in the most optimistic scenario, close to 30% of India&rsquo;s urban population could be out of savings and unable to cover essential expenditure by June-end. In contrast, the rural poor, though hit hard, are relatively better off with still some savings and welfare support to fall back on.</p><p style="text-align:justify">According to one survey, 84% of households suffered a loss in income since the lockdown. As incomes fell, Indians had to rely more on their savings to cover essential expenditure. But for the poorest in cities, these savings rapidly dried up. To estimate how quickly savings are running out, we consider different scenarios of income losses for the poorest 50% of Indians (rural and urban separately) during the lockdown. For instance, in the worst-case scenario, we assume incomes in cities fell by an average of 82% across the three phases of lockdown between April and June while in rural India, which was less affected by the lockdown, we assume incomes fell by 66%. These scenarios are based on different studies that all report income losses within these ranges.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html" title="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>30% of India&rsquo;s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption</em></p><p style="text-align:justify">In the best of times, India&rsquo;s poor lead a fragile existence but in the worst of times their situation becomes extremely precarious. The lockdown of the country over the past few months has discomfited everyone but it has hit the urban poor the hardest.</p><p style="text-align:justify">Measuring vulnerability accurately is difficult but an analysis based on data from official sources suggests that even in the most optimistic scenario, close to 30% of India&rsquo;s urban population could be out of savings and unable to cover essential expenditure by June-end. In contrast, the rural poor, though hit hard, are relatively better off with still some savings and welfare support to fall back on.</p><p style="text-align:justify">According to one survey, 84% of households suffered a loss in income since the lockdown. As incomes fell, Indians had to rely more on their savings to cover essential expenditure. But for the poorest in cities, these savings rapidly dried up. To estimate how quickly savings are running out, we consider different scenarios of income losses for the poorest 50% of Indians (rural and urban separately) during the lockdown. For instance, in the worst-case scenario, we assume incomes in cities fell by an average of 82% across the three phases of lockdown between April and June while in rural India, which was less affected by the lockdown, we assume incomes fell by 66%. These scenarios are based on different studies that all report income losses within these ranges.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html" title="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | 139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan    </title>
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30% of India&rsquo;s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption

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    <h1 class="cat-box-title">139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>30% of India&rsquo;s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption</em></p><p style="text-align:justify">In the best of times, India&rsquo;s poor lead a fragile existence but in the worst of times their situation becomes extremely precarious. The lockdown of the country over the past few months has discomfited everyone but it has hit the urban poor the hardest.</p><p style="text-align:justify">Measuring vulnerability accurately is difficult but an analysis based on data from official sources suggests that even in the most optimistic scenario, close to 30% of India&rsquo;s urban population could be out of savings and unable to cover essential expenditure by June-end. In contrast, the rural poor, though hit hard, are relatively better off with still some savings and welfare support to fall back on.</p><p style="text-align:justify">According to one survey, 84% of households suffered a loss in income since the lockdown. As incomes fell, Indians had to rely more on their savings to cover essential expenditure. But for the poorest in cities, these savings rapidly dried up. To estimate how quickly savings are running out, we consider different scenarios of income losses for the poorest 50% of Indians (rural and urban separately) during the lockdown. For instance, in the worst-case scenario, we assume incomes in cities fell by an average of 82% across the three phases of lockdown between April and June while in rural India, which was less affected by the lockdown, we assume incomes fell by 66%. These scenarios are based on different studies that all report income losses within these ranges.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html" title="https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html">click here</a> to read more.</p>                                                           
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139 million people across Indian cities likely to run out of savings by month-end -Ganesh Rao, Praveen Ravi and Vishnu Padmanabhan

Published on Jun 15, 2020   Modified on Jun 15, 2020

-Livemint.com 30% of India’s urban population may deplete their lifetime savings by the end of June and would find it difficult to meet essential consumption In the best of times, India’s poor lead a fragile existence but in the worst of times their situation becomes extremely precarious. The lockdown of the country over the past few months has discomfited everyone but it has hit the urban poor the hardest. Measuring vulnerability accurately is difficult but an analysis based on data from official sources suggests that even in the most optimistic scenario, close to 30% of India’s urban population could be out of savings and unable to cover essential expenditure by June-end. In contrast, the rural poor, though hit hard, are relatively better off with still some savings and welfare support to fall back on. According to one survey, 84% of households suffered a loss in income since the lockdown. As incomes fell, Indians had to rely more on their savings to cover essential expenditure. But for the poorest in cities, these savings rapidly dried up. To estimate how quickly savings are running out, we consider different scenarios of income losses for the poorest 50% of Indians (rural and urban separately) during the lockdown. For instance, in the worst-case scenario, we assume incomes in cities fell by an average of 82% across the three phases of lockdown between April and June while in rural India, which was less affected by the lockdown, we assume incomes fell by 66%. These scenarios are based on different studies that all report income losses within these ranges. Please click here to read more.

Livemint.com, 15 June, 2020, https://www.livemint.com/news/india/139-million-people-across-indian-cities-likely-to-run-out-of-savings-by-month-end-11592205172025.html

Tagged with: Urban Population Savings Income Insecurity Job Losses Joblessness Unemployment Income Losses Livelihood Security Lockdown

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