Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-National Herald/ IANS<br /><br />Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy.<br /><br />&quot;The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and faulty framework. All over the world the rates of interest come down as inflation comes down, but in India it does not happen,&quot; said Aswini Mahajan, head of the Swadeshi Jagran Manch.<br /><br />&quot;When the rate of inflation was 10-12%, the repo rate was 8.5% even then. Now the inflation has come down to 2%, the repo rate is 5.75%,&quot; he added.<br /><br />However, according to market watchers, inflation is not the only indicator for cutting down interest rates. The RBI looks at production, market demand and liquidity to decide on interest rates. With a slowing down demand resulting in less production, it will be disastrous to slash interest rates.<br /><br />The quarterly results of many companies have indicated that most companies jave posted a loss in their revenue. If the RBI cuts down interest rates, this will also slash interest rates on deposits which is harmful for the economy currently.<br /><br />Ratings agency CRISIL on Thursday cut India's GDP growth to 6.9% for FY20 on weak monsoon rains and muted corporate results. In its monetary policy review on June 6, 2019, the Reserve Bank of India lowered its 2019-20 growth projections to 7 per cent, from 7.2% estimated in April.<br /><br />The central bank expects India's GDP to grow at 6.4-6.7% in April-September and 7.2-7.5% in October-March 2019-20.<br /><br />Please <a href="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s" title="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-National Herald/ IANS<br /><br />Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy.<br /><br />&quot;The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and faulty framework. All over the world the rates of interest come down as inflation comes down, but in India it does not happen,&quot; said Aswini Mahajan, head of the Swadeshi Jagran Manch.<br /><br />&quot;When the rate of inflation was 10-12%, the repo rate was 8.5% even then. Now the inflation has come down to 2%, the repo rate is 5.75%,&quot; he added.<br /><br />However, according to market watchers, inflation is not the only indicator for cutting down interest rates. The RBI looks at production, market demand and liquidity to decide on interest rates. With a slowing down demand resulting in less production, it will be disastrous to slash interest rates.<br /><br />The quarterly results of many companies have indicated that most companies jave posted a loss in their revenue. If the RBI cuts down interest rates, this will also slash interest rates on deposits which is harmful for the economy currently.<br /><br />Ratings agency CRISIL on Thursday cut India's GDP growth to 6.9% for FY20 on weak monsoon rains and muted corporate results. In its monetary policy review on June 6, 2019, the Reserve Bank of India lowered its 2019-20 growth projections to 7 per cent, from 7.2% estimated in April.<br /><br />The central bank expects India's GDP to grow at 6.4-6.7% in April-September and 7.2-7.5% in October-March 2019-20.<br /><br />Please <a href="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s" title="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s">click here</a> to read more. <br /></div>                                                           
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-National Herald/ IANS

Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for..." />
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    <h1 class="cat-box-title">RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das</h1>
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                            <div align="justify">-National Herald/ IANS<br /><br />Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy.<br /><br />&quot;The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and faulty framework. All over the world the rates of interest come down as inflation comes down, but in India it does not happen,&quot; said Aswini Mahajan, head of the Swadeshi Jagran Manch.<br /><br />&quot;When the rate of inflation was 10-12%, the repo rate was 8.5% even then. Now the inflation has come down to 2%, the repo rate is 5.75%,&quot; he added.<br /><br />However, according to market watchers, inflation is not the only indicator for cutting down interest rates. The RBI looks at production, market demand and liquidity to decide on interest rates. With a slowing down demand resulting in less production, it will be disastrous to slash interest rates.<br /><br />The quarterly results of many companies have indicated that most companies jave posted a loss in their revenue. If the RBI cuts down interest rates, this will also slash interest rates on deposits which is harmful for the economy currently.<br /><br />Ratings agency CRISIL on Thursday cut India's GDP growth to 6.9% for FY20 on weak monsoon rains and muted corporate results. In its monetary policy review on June 6, 2019, the Reserve Bank of India lowered its 2019-20 growth projections to 7 per cent, from 7.2% estimated in April.<br /><br />The central bank expects India's GDP to grow at 6.4-6.7% in April-September and 7.2-7.5% in October-March 2019-20.<br /><br />Please <a href="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s" title="https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZbjU6UVupIfkjbY7s">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das

Published on Aug 4, 2019   Modified on Aug 4, 2019

-National Herald/ IANS Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy. "The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and faulty framework. All over the world the rates of interest come down as inflation comes down, but in India it does not happen," said Aswini Mahajan, head of the Swadeshi Jagran Manch. "When the rate of inflation was 10-12%, the repo rate was 8.5% even then. Now the inflation has come down to 2%, the repo rate is 5.75%," he added. However, according to market watchers, inflation is not the only indicator for cutting down interest rates. The RBI looks at production, market demand and liquidity to decide on interest rates. With a slowing down demand resulting in less production, it will be disastrous to slash interest rates. The quarterly results of many companies have indicated that most companies jave posted a loss in their revenue. If the RBI cuts down interest rates, this will also slash interest rates on deposits which is harmful for the economy currently. Ratings agency CRISIL on Thursday cut India's GDP growth to 6.9% for FY20 on weak monsoon rains and muted corporate results. In its monetary policy review on June 6, 2019, the Reserve Bank of India lowered its 2019-20 growth projections to 7 per cent, from 7.2% estimated in April. The central bank expects India's GDP to grow at 6.4-6.7% in April-September and 7.2-7.5% in October-March 2019-20. Please click here to read more.

National Herald/ IANS, 2 August, 2019, https://www.nationalheraldindia.com/economy/rss-blames-rbi-for-economic-slowdown-defends-modi-govt-policies?fbclid=IwAR0D3B_ORa3_Mha-gMDKbKVcmmLW2gg-Txhj7HgnlXZb

Tagged with: GDP estimates GDP growth Rate of Interest Rate of Inflation Investment Economic Growth

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