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: 73
 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);

    }
$message = '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: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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 88
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: 74
 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);

    }
$message = '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: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
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 88
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) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-trace').style.display = (document.getElementById('cakeErr68024b0fb2ae9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68024b0fb2ae9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-code').style.display = (document.getElementById('cakeErr68024b0fb2ae9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-context').style.display = (document.getElementById('cakeErr68024b0fb2ae9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68024b0fb2ae9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68024b0fb2ae9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 56765,
		&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 56765,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 56765,
	&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 56765
$metaTitle = &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;
$metaKeywords = &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;
$metaDesc = &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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</pre></div></pre>latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew | Im4change.org</title>
    <meta name="description" content="-The Indian Express

&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..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <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>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-trace').style.display = (document.getElementById('cakeErr68024b0fb2ae9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68024b0fb2ae9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-code').style.display = (document.getElementById('cakeErr68024b0fb2ae9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-context').style.display = (document.getElementById('cakeErr68024b0fb2ae9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68024b0fb2ae9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68024b0fb2ae9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 56765,
		&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 56765,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 56765,
	&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 56765
$metaTitle = &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;
$metaKeywords = &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;
$metaDesc = &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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</pre></div></pre>latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew | Im4change.org</title>
    <meta name="description" content="-The Indian Express

&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..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <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>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-trace').style.display = (document.getElementById('cakeErr68024b0fb2ae9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68024b0fb2ae9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-code').style.display = (document.getElementById('cakeErr68024b0fb2ae9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68024b0fb2ae9-context').style.display = (document.getElementById('cakeErr68024b0fb2ae9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68024b0fb2ae9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr68024b0fb2ae9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 56765,
		&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 56765,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 56765,
	&#039;title&#039; =&gt; &#039;Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 56765
$metaTitle = &#039;LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew&#039;
$metaKeywords = &#039;RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession&#039;
$metaDesc = &#039;-The Indian Express

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

The Reserve Bank of India (RBI) Tuesday indicated that the economy which...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;&amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The &lt;a href=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot; title=&quot;https://www.rbi.org.in/Scripts/AnnualReportPublications.aspx?year=2020&quot;&gt;Reserve Bank of India&lt;/a&gt; (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take &amp;ldquo;quite some time to mend and regain&amp;rdquo; the pre-Covid momentum, as the &amp;ldquo;shock to consumption is severe&amp;rdquo; and the &amp;ldquo;poorest have been hit the hardest&amp;rdquo;.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI also cautioned about the loss of recovery momentum since June, with states imposing localised lockdowns. &amp;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,&amp;rdquo; the RBI said.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;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. &amp;ldquo;Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,&amp;rdquo; the RBI said in its Annual Report for 2019-20.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot; title=&quot;https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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</pre></div></pre>latest-news-updates/private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew | Im4change.org</title>
    <meta name="description" content="-The Indian Express

&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..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <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>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 56765,
		'title' => 'Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew',
		'subheading' => null,
		'description' => '<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">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/">click here</a> to read more.</p>

<p style="text-align:justify">&nbsp;</p>
',
		'credit_writer' => 'The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi',
		'meta_title' => '',
		'meta_keywords' => '',
		'meta_description' => '',
		'noindex' => (int) 1,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => null,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 56765,
	'metaTitle' => 'LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew',
	'metaKeywords' => 'RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession',
	'metaDesc' => '-The Indian Express

&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...',
	'disp' => '<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>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 56765,
	'title' => 'Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew',
	'subheading' => null,
	'description' => '<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">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/">click here</a> to read more.</p>

<p style="text-align:justify">&nbsp;</p>
',
	'credit_writer' => 'The Indian Express, 26 August, 2020, https://indianexpress.com/article/business/economy/rbi-indian-economy-covid-19-coronavirus-lockdown-6570003/',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'private-consumption-has-lost-its-discretionary-elements-across-the-board-says-annual-report-by-rbi',
	'meta_title' => '',
	'meta_keywords' => '',
	'meta_description' => '',
	'noindex' => (int) 1,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => null,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 56765
$metaTitle = 'LATEST NEWS UPDATES | Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew'
$metaKeywords = 'RBI,Reserve Bank of India,Consumption Expenditure,Consumer Spending,Economic Growth,Economic Recession'
$metaDesc = '-The Indian Express

&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...'
$disp = '<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>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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 88
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

Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew

-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.