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
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
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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

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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New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance.

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                            <div align="justify">-Business Standard<br /><br /><em>The demonetisation drive has hit job creation, beside adding to the stress on banks<br /><br />New Delhi: </em>Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance.<br /><br />Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18. &nbsp;<br /><br />The panel heard four economists &mdash; former chief statistician Pronab Sen; Mahesh Vyas, head of the Centre for Monitoring Indian Economy; Rajiv Kumar, senior fellow at the Centre for Policy Research; and Kavita Rao of the National Institute of Public Finance and Policy. It said it wished to assess the impact on the economy, including growth and inflation. <br /><br />&nbsp;The demonetisation drive will hit job creation, beside adding to the stress on banks, the economists are learnt to have told the panel, chaired by M Veerappa Moily. <br /><br />There was a view that the banks were unprepared. &ldquo;Banks are facing an increase in liabilities without any commensurate increase in income and RBI needs to look into that,&rdquo; added a source. Banks have seen a flood of deposits since November 8. <br /><br />One of the economists told the panel a clearer picture would emerge only by mid-January, when the industrial production numbers for November would be released. Three economists said that the impact would be largely negative. The panel will send a questionnaire for economists, to arrive at an action plan that could be suggested to the government.<br /><br />Officials of the finance ministry and the income tax department will brief the panel on January 11, on the map prepared by the government to increase the percentage of cashless transactions from the present three per cent of the total to the 90 per cent desired by the Centre.<br /><br />Before briefing this panel, the RBI chief is also expected to brief the Public Accounts Committee, in the first week of January. Both panels are headed by Congress party lawmakers. Veerappa Moily heads the finance panel; K V Thomas heads the PAC.<br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html" class="re" target="_blank">Business Standard, 23 December, 2016, http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html</a><div class="clear"></div>
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    <h1 class="cat-box-title">Parliamentary panel hears adverse views on demonetisation -Dilasha Seth &amp; Amit Agnihotri</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>The demonetisation drive has hit job creation, beside adding to the stress on banks<br /><br />New Delhi: </em>Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance.<br /><br />Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18. &nbsp;<br /><br />The panel heard four economists &mdash; former chief statistician Pronab Sen; Mahesh Vyas, head of the Centre for Monitoring Indian Economy; Rajiv Kumar, senior fellow at the Centre for Policy Research; and Kavita Rao of the National Institute of Public Finance and Policy. It said it wished to assess the impact on the economy, including growth and inflation. <br /><br />&nbsp;The demonetisation drive will hit job creation, beside adding to the stress on banks, the economists are learnt to have told the panel, chaired by M Veerappa Moily. <br /><br />There was a view that the banks were unprepared. &ldquo;Banks are facing an increase in liabilities without any commensurate increase in income and RBI needs to look into that,&rdquo; added a source. Banks have seen a flood of deposits since November 8. <br /><br />One of the economists told the panel a clearer picture would emerge only by mid-January, when the industrial production numbers for November would be released. Three economists said that the impact would be largely negative. The panel will send a questionnaire for economists, to arrive at an action plan that could be suggested to the government.<br /><br />Officials of the finance ministry and the income tax department will brief the panel on January 11, on the map prepared by the government to increase the percentage of cashless transactions from the present three per cent of the total to the 90 per cent desired by the Centre.<br /><br />Before briefing this panel, the RBI chief is also expected to brief the Public Accounts Committee, in the first week of January. Both panels are headed by Congress party lawmakers. Veerappa Moily heads the finance panel; K V Thomas heads the PAC.<br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html" class="re" target="_blank">Business Standard, 23 December, 2016, http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html</a><div class="clear"></div>
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New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance.

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    <h1 class="cat-box-title">Parliamentary panel hears adverse views on demonetisation -Dilasha Seth &amp; Amit Agnihotri</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>The demonetisation drive has hit job creation, beside adding to the stress on banks<br /><br />New Delhi: </em>Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance.<br /><br />Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18. &nbsp;<br /><br />The panel heard four economists &mdash; former chief statistician Pronab Sen; Mahesh Vyas, head of the Centre for Monitoring Indian Economy; Rajiv Kumar, senior fellow at the Centre for Policy Research; and Kavita Rao of the National Institute of Public Finance and Policy. It said it wished to assess the impact on the economy, including growth and inflation. <br /><br />&nbsp;The demonetisation drive will hit job creation, beside adding to the stress on banks, the economists are learnt to have told the panel, chaired by M Veerappa Moily. <br /><br />There was a view that the banks were unprepared. &ldquo;Banks are facing an increase in liabilities without any commensurate increase in income and RBI needs to look into that,&rdquo; added a source. Banks have seen a flood of deposits since November 8. <br /><br />One of the economists told the panel a clearer picture would emerge only by mid-January, when the industrial production numbers for November would be released. Three economists said that the impact would be largely negative. The panel will send a questionnaire for economists, to arrive at an action plan that could be suggested to the government.<br /><br />Officials of the finance ministry and the income tax department will brief the panel on January 11, on the map prepared by the government to increase the percentage of cashless transactions from the present three per cent of the total to the 90 per cent desired by the Centre.<br /><br />Before briefing this panel, the RBI chief is also expected to brief the Public Accounts Committee, in the first week of January. Both panels are headed by Congress party lawmakers. Veerappa Moily heads the finance panel; K V Thomas heads the PAC.<br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html" class="re" target="_blank">Business Standard, 23 December, 2016, http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html</a><div class="clear"></div>
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Parliamentary panel hears adverse views on demonetisation -Dilasha Seth & Amit Agnihotri

Published on Dec 23, 2016   Modified on Dec 23, 2016

-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on banks New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18.   The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of the Centre for Monitoring Indian Economy; Rajiv Kumar, senior fellow at the Centre for Policy Research; and Kavita Rao of the National Institute of Public Finance and Policy. It said it wished to assess the impact on the economy, including growth and inflation.  The demonetisation drive will hit job creation, beside adding to the stress on banks, the economists are learnt to have told the panel, chaired by M Veerappa Moily. There was a view that the banks were unprepared. “Banks are facing an increase in liabilities without any commensurate increase in income and RBI needs to look into that,” added a source. Banks have seen a flood of deposits since November 8. One of the economists told the panel a clearer picture would emerge only by mid-January, when the industrial production numbers for November would be released. Three economists said that the impact would be largely negative. The panel will send a questionnaire for economists, to arrive at an action plan that could be suggested to the government. Officials of the finance ministry and the income tax department will brief the panel on January 11, on the map prepared by the government to increase the percentage of cashless transactions from the present three per cent of the total to the 90 per cent desired by the Centre. Before briefing this panel, the RBI chief is also expected to brief the Public Accounts Committee, in the first week of January. Both panels are headed by Congress party lawmakers. Veerappa Moily heads the finance panel; K V Thomas heads the PAC.

Business Standard, 23 December, 2016, http://www.business-standard.com/article/economy-policy/parliamentary-panel-hears-adverse-views-on-demonetisation-116122300036_1.html

Tagged with: cash crunch cash deficit Cash shortage Currency demonetisation Demonetisation

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