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
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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);

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&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.

The Reserve Bank of India (RBI) Tuesday indicated that the economy which..."/>
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&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.

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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</em></p><p style="text-align:justify">The <a href="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020" title="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020">Reserve Bank of India</a> (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &ldquo;quite some time to mend and regain&rdquo; the pre-Covid momentum, as the &ldquo;shock to consumption is severe&rdquo; and the &ldquo;poorest have been hit the hardest&rdquo;.</p><p style="text-align:justify">The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &ldquo;The upticks that became visible in May and June after the lockdown was eased in several parts of the country, appear to have lost strength in July and August, mainly due to reimposition or stricter imposition of lockdowns, suggesting that contraction in economic activity will likely prolong into the second quarter,&rdquo; the RBI said.</p><p style="text-align:justify">According to the RBI, private consumption is expected to lead the recovery when it takes hold, and government consumption is expected to continue pandemic-proofing of demand. &ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" title="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" class="re" target="_blank">The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</em></p><p style="text-align:justify">The <a href="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020" title="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020">Reserve Bank of India</a> (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &ldquo;quite some time to mend and regain&rdquo; the pre-Covid momentum, as the &ldquo;shock to consumption is severe&rdquo; and the &ldquo;poorest have been hit the hardest&rdquo;.</p><p style="text-align:justify">The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &ldquo;The upticks that became visible in May and June after the lockdown was eased in several parts of the country, appear to have lost strength in July and August, mainly due to reimposition or stricter imposition of lockdowns, suggesting that contraction in economic activity will likely prolong into the second quarter,&rdquo; the RBI said.</p><p style="text-align:justify">According to the RBI, private consumption is expected to lead the recovery when it takes hold, and government consumption is expected to continue pandemic-proofing of demand. &ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" title="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" class="re" target="_blank">The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/</a><div class="clear"></div>
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&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.

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&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.

The Reserve Bank of India (RBI) Tuesday indicated that the economy which..." />
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>&ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</em></p><p style="text-align:justify">The <a href="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020" title="https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020">Reserve Bank of India</a> (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &ldquo;quite some time to mend and regain&rdquo; the pre-Covid momentum, as the &ldquo;shock to consumption is severe&rdquo; and the &ldquo;poorest have been hit the hardest&rdquo;.</p><p style="text-align:justify">The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &ldquo;The upticks that became visible in May and June after the lockdown was eased in several parts of the country, appear to have lost strength in July and August, mainly due to reimposition or stricter imposition of lockdowns, suggesting that contraction in economic activity will likely prolong into the second quarter,&rdquo; the RBI said.</p><p style="text-align:justify">According to the RBI, private consumption is expected to lead the recovery when it takes hold, and government consumption is expected to continue pandemic-proofing of demand. &ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&rdquo; the RBI said in its Annual Report for 2019-20.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" title="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/" class="re" target="_blank">The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/</a><div class="clear"></div>
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Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew

Published on Aug 26, 2020   Modified on Aug 26, 2020

-The Indian Express “Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,” the RBI said in its Annual Report for 2019-20. The Reserve Bank of India (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take “quite some time to mend and regain” the pre-Covid momentum, as the “shock to consumption is severe” and the “poorest have been hit the hardest”. The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. “The upticks that became visible in May and June after the lockdown was eased in several parts of the country, appear to have lost strength in July and August, mainly due to reimposition or stricter imposition of lockdowns, suggesting that contraction in economic activity will likely prolong into the second quarter,” the RBI said. According to the RBI, private consumption is expected to lead the recovery when it takes hold, and government consumption is expected to continue pandemic-proofing of demand. “Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,” the RBI said in its Annual Report for 2019-20. Please click here to read more.

The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/

Tagged with: RBI Reserve Bank of India Consumption Expenditure Consumer Spending Economic Growth Economic Recession

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