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
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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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deprecationWarning - CORE/src/Core/functions.php, line 311
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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        LATEST NEWS UPDATES | Onions shouldn&#039;t hold up review of inflation target -Karan Bhasin    </title>
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    <h1 class="cat-box-title">Onions shouldn&#039;t hold up review of inflation target -Karan Bhasin</h1>
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                            <div align="justify">-Livemint.com<br /><br /><em>With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework<br /></em><br />Last year, there were calls to review RBI&rsquo;s inflation targeting framework. With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework. Mint explains the debate around this.<br /><br /><em>* What are the terms of the policy framework?<br /></em><br />In 2016, the government amended the Reserve Bank of India Act (1934) and institutionalized a framework for a monetary policy committee (MPC), which was mandated to maintain price stability while keeping the objective of growth. MPC was given a policy tool of the repo rate in order to ensure inflation was within a target level. The inflation target given to MPC was 4%, with 6% as the upper tolerance level and 2% as the lower tolerance level. That is, MPC was supposed to adjust the repo rate in order to ensure that inflation stayed within two percentage points of the target of 4%.<br /><br />Please <a href="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html" title="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html" class="re" target="_blank">Livemint.com, 14 January, 2020, https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html</a><div class="clear"></div>
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                            <div align="justify">-Livemint.com<br /><br /><em>With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework<br /></em><br />Last year, there were calls to review RBI&rsquo;s inflation targeting framework. With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework. Mint explains the debate around this.<br /><br /><em>* What are the terms of the policy framework?<br /></em><br />In 2016, the government amended the Reserve Bank of India Act (1934) and institutionalized a framework for a monetary policy committee (MPC), which was mandated to maintain price stability while keeping the objective of growth. MPC was given a policy tool of the repo rate in order to ensure inflation was within a target level. The inflation target given to MPC was 4%, with 6% as the upper tolerance level and 2% as the lower tolerance level. That is, MPC was supposed to adjust the repo rate in order to ensure that inflation stayed within two percentage points of the target of 4%.<br /><br />Please <a href="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html" title="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html">click here</a> to read more. <br /><br /></div>                                                           
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With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework

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                            <div align="justify">-Livemint.com<br /><br /><em>With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework<br /></em><br />Last year, there were calls to review RBI&rsquo;s inflation targeting framework. With the term of the current monetary policy committee ending in September, it&rsquo;s time to review the performance of the rate-setting framework. Mint explains the debate around this.<br /><br /><em>* What are the terms of the policy framework?<br /></em><br />In 2016, the government amended the Reserve Bank of India Act (1934) and institutionalized a framework for a monetary policy committee (MPC), which was mandated to maintain price stability while keeping the objective of growth. MPC was given a policy tool of the repo rate in order to ensure inflation was within a target level. The inflation target given to MPC was 4%, with 6% as the upper tolerance level and 2% as the lower tolerance level. That is, MPC was supposed to adjust the repo rate in order to ensure that inflation stayed within two percentage points of the target of 4%.<br /><br />Please <a href="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html" title="https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html">click here</a> to read more. <br /><br /></div>                                                           
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Onions shouldn't hold up review of inflation target -Karan Bhasin

Published on Jan 14, 2020   Modified on Jan 14, 2020

-Livemint.com With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s inflation targeting framework. With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the government amended the Reserve Bank of India Act (1934) and institutionalized a framework for a monetary policy committee (MPC), which was mandated to maintain price stability while keeping the objective of growth. MPC was given a policy tool of the repo rate in order to ensure inflation was within a target level. The inflation target given to MPC was 4%, with 6% as the upper tolerance level and 2% as the lower tolerance level. That is, MPC was supposed to adjust the repo rate in order to ensure that inflation stayed within two percentage points of the target of 4%. Please click here to read more.

Livemint.com, 14 January, 2020, https://www.livemint.com/news/india/onions-shouldn-t-hold-up-review-of-inflation-target-11578942074072.html

Tagged with: Consumer Food Price Index Consumer Price Index Monetary Policy Committee MPC Inflation Targeting Retail Inflation Retail Food Inflation food prices food inflation CFPI

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