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/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801/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/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801/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 Contextif (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('cakeErr680de5d45d6e5-trace').style.display = (document.getElementById('cakeErr680de5d45d6e5-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="cakeErr680de5d45d6e5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-code').style.display = (document.getElementById('cakeErr680de5d45d6e5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-context').style.display = (document.getElementById('cakeErr680de5d45d6e5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680de5d45d6e5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </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">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680de5d45d6e5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696, 'metaTitle' => 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;', 'metaKeywords' => 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth', 'metaDesc' => ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...', 'disp' => '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696 $metaTitle = 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;' $metaKeywords = 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth' $metaDesc = ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...' $disp = '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801.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 | SBI Research says economic slowdown is real not just 'technical' | Im4change.org</title> <meta name="description" content=" -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>SBI Research says economic slowdown is real not just 'technical'</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />“We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /><br />The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />“Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </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 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680de5d45d6e5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-code').style.display = (document.getElementById('cakeErr680de5d45d6e5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-context').style.display = (document.getElementById('cakeErr680de5d45d6e5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680de5d45d6e5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680de5d45d6e5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696, 'metaTitle' => 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;', 'metaKeywords' => 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth', 'metaDesc' => ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...', 'disp' => '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696 $metaTitle = 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;' $metaKeywords = 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth' $metaDesc = ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...' $disp = '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801.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 | SBI Research says economic slowdown is real not just 'technical' | Im4change.org</title> <meta name="description" content=" -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>SBI Research says economic slowdown is real not just 'technical'</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />“We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /><br />The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />“Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </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>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680de5d45d6e5-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-code').style.display = (document.getElementById('cakeErr680de5d45d6e5-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680de5d45d6e5-context').style.display = (document.getElementById('cakeErr680de5d45d6e5-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680de5d45d6e5-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr680de5d45d6e5-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696, 'metaTitle' => 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;', 'metaKeywords' => 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth', 'metaDesc' => ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...', 'disp' => '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just &#039;technical&#039;', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> &ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /> <br /> The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> &ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696 $metaTitle = 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just &#039;technical&#039;' $metaKeywords = 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth' $metaDesc = ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...' $disp = '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />&ldquo;We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,&rdquo; SBI Research said in a report.<br /><br />The report said continuing slowdown has &ldquo;raised the spectre of whether slowdown is temporary or not&rdquo; but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown&mdash;GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter&mdash;to &ldquo;technical reasons&rdquo; without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. &ldquo;Need of the hour is to spend to grow more,&rdquo; it said. &ldquo;We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,&rdquo; the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as &ldquo;fiscal profligacy&rdquo; by rating agencies, which had also threatened to downgrade the country&rsquo;s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />&ldquo;Let&rsquo;s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,&rdquo; the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</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/sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801.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 | SBI Research says economic slowdown is real not just 'technical' | Im4change.org</title> <meta name="description" content=" -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is..."/> <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"> </td> </tr> <tr id="topspace"> <td> </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>SBI Research says economic slowdown is real not just 'technical'</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />“We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /><br />The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />“Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </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 ?? 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The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> “Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696, 'metaTitle' => 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just 'technical'', 'metaKeywords' => 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth', 'metaDesc' => ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...', 'disp' => '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />“We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /><br />The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />“Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 34696, 'title' => 'SBI Research says economic slowdown is real not just 'technical'', 'subheading' => '', 'description' => '<div align="justify"> -PTI<br /> <br /> <em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /> <br /> Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /> <br /> “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /> <br /> The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /> <br /> Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /> <br /> It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /> <br /> “Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /> <br /> Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Livemint.com, 19 September, 2017, http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'sbi-research-says-economic-slowdown-is-real-not-just-039technical039-4682801', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4682801, '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) 34696 $metaTitle = 'LATEST NEWS UPDATES | SBI Research says economic slowdown is real not just 'technical'' $metaKeywords = 'gross value added,Gross Value Added (GVA),GDP estimates,GDP growth,GDP growth rate,Economic Growth' $metaDesc = ' -PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is...' $disp = '<div align="justify">-PTI<br /><br /><em>SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide<br /><br />Mumbai: </em>Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide.<br /><br />“We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report.<br /><br />The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same.<br /><br />Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said.<br /><br />It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies.<br /><br />“Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said.<br /><br />Please <a href="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html" title="http://www.livemint.com/Industry/zBigSNJpL8K0BO4yJw3COJ/Economic-slowdown-is-real-not-just-technical-SBI-research.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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SBI Research says economic slowdown is real not just 'technical' |
-PTI
SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to Q1 of this fiscal year is technically not short-term in nature or even transient,” SBI Research said in a report. The report said continuing slowdown has “raised the spectre of whether slowdown is temporary or not” but stopped short of answering the question. The note comes days after Bharatiya Janata Party (BJP) president Amit Shah attributed the slowdown—GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7% in the June quarter—to “technical reasons” without elaborating on the same. Shah had said growth had gone up to 7.1% after falling to 4.7% in FY14 when the UPA was in power. The report advocated upping of spends by the government as a solution to the problem at hand. “Need of the hour is to spend to grow more,” it said. “We believe the government should consciously expand spending and fiscal deficit, without disturbing the borrowing maths,” the report said. It can be noted that in the past, such moves by the government were termed as “fiscal profligacy” by rating agencies, which had also threatened to downgrade the country’s rating to junk if the Centre continued with such policies. The report admitted that after the 2008 global credit crisis, there was a surge in spending, but was unequivocal in not paying much heed to the rating agencies. “Let’s not chase the rating upgrade mirage. India has had a solitary net rating upgrade in the last 25 years. The economy is in urgent need of a fiscal push now to shore up growth,” the report said. The government can use a clause in the Fiscal Responsibility and Budget Management Act that provides for a 0.5% slip in fiscal deficit targets, it said. Please click here to read more. |