Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
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]
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]
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]
LATEST NEWS UPDATES | RBI’s chicken soup for the economy’s soul -Manas Chakravarty

RBI’s chicken soup for the economy’s soul -Manas Chakravarty

Share this article Share this article
published Published on Apr 27, 2021   modified Modified on Apr 27, 2021

-Moneycontrol.com

The RBI’s state of the economy report enlists Benjamin Franklin, Fyodor Dostoyevsky, Paulo Coelho, Barack Obama, Shakespeare and a host of lesser luminaries to drive home a message of relentless positivity

Back in January this year, RBI’s state of the economy report prognosticated that India will have a ‘glorious summer’. Seen in heartless hindsight, that remark was gloriously off the mark.

Has the devastating second wave of the pandemic changed the RBI’s tune? Well, it can hardly brush off reality. Its state of the economy report for April 2021 acknowledges the ‘ferocious rise of new infections and mortalities’ and the strained hospital facilities and vaccine supplies. But it then enlists the rather unlikely melange of Benjamin Franklin, Fyodor Dostoyevsky, Paulo Coelho, Barack Obama, William Shakespeare and a host of lesser luminaries to drive home a message of relentless positivity. Oh, it also has Valmiki.

Benjamin Franklin, says the state of the economy report, used to say that energy and persistence conquer all things and when we strive to become better than we are, everything around us becomes better too.

Dostoyevsky, the guy who wrote ‘Crime and Punishment’ and ‘The Possessed’, is quoted by the report as saying that the secret of man’s being is not only to live but to have something to live for. What then should we live for? The report clarifies: ‘India has a lot to live for; among them is the strong likelihood of being the world’s fastest growing economy in 2021 and 2022.’

Paulo Coelho said there are many ways of going forward, but only one way of standing still. Barack Obama makes a cameo appearance in the report to utter this homily: ‘hope in the face of difficulty. Hope in the face of uncertainty. The audacity of hope.’ William Shakespeare talks of April’s spirit of youth.

Please click here to read more.


Moneycontrol.com, 27 April, 2021, https://www.moneycontrol.com/news/opinion/rbis-chicken-soup-for-the-economys-soul-6820161.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close