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);

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

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

                trigger_error($message, E_USER_WARNING);

            } else {
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe3d7edd43c-trace').style.display = (document.getElementById('cakeErr67fe3d7edd43c-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="cakeErr67fe3d7edd43c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe3d7edd43c-code').style.display = (document.getElementById('cakeErr67fe3d7edd43c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe3d7edd43c-context').style.display = (document.getElementById('cakeErr67fe3d7edd43c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fe3d7edd43c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;&lt;br /&gt;He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot; title=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik..."/>
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                <strong>Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu</strong></h1>
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                <div align="justify">-PTI<br /><br /><em>India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.<br /></em><br /><em>Mumbai: </em>Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &ldquo;such as demonetisation&rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.<br /><br />&ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&hellip; is of the kind that disappoints me while sitting in America,&rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.<br /><br />&ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&rdquo; he said.<br /><br />India is a society that is poor, but is respected for its scientific temper and research, and &ldquo;we should not backtrack on that,&rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.<br /><br />&ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&rdquo; he said.<br /><br />He said one should take pride in one&rsquo;s literature and culture, but at the same time, should also be pragmatic.<br /><br />&ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.<br /><br />&ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&rsquo;s economy,&rdquo; Basu said.<br /><br />He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &ldquo;It&rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.<br /><br />&ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/" title="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/">click here</a> to read more.</div><div align="justify">&nbsp;</div>               </font>
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;&lt;br /&gt;He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot; title=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;&lt;br /&gt;He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot; title=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik..."/>
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                <strong>Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu</strong></h1>
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                <div align="justify">-PTI<br /><br /><em>India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.<br /></em><br /><em>Mumbai: </em>Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &ldquo;such as demonetisation&rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.<br /><br />&ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&hellip; is of the kind that disappoints me while sitting in America,&rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.<br /><br />&ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&rdquo; he said.<br /><br />India is a society that is poor, but is respected for its scientific temper and research, and &ldquo;we should not backtrack on that,&rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.<br /><br />&ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&rdquo; he said.<br /><br />He said one should take pride in one&rsquo;s literature and culture, but at the same time, should also be pragmatic.<br /><br />&ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.<br /><br />&ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&rsquo;s economy,&rdquo; Basu said.<br /><br />He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &ldquo;It&rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.<br /><br />&ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/" title="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/">click here</a> to read more.</div><div align="justify">&nbsp;</div>               </font>
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;&lt;br /&gt;He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot; title=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 34370,
	&#039;title&#039; =&gt; &#039;Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
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-PTI&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;
&lt;br /&gt;
He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;
&lt;br /&gt;
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 5 August, 2017, http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&#039;,
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-PTI&lt;br /&gt;&lt;br /&gt;&lt;em&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;quot;we should not backtrack on that,&amp;quot; the former World Bank chief economist said.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;Mumbai: &lt;/em&gt;Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &amp;ldquo;such as demonetisation&amp;rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&amp;hellip; is of the kind that disappoints me while sitting in America,&amp;rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;India is a society that is poor, but is respected for its scientific temper and research, and &amp;ldquo;we should not backtrack on that,&amp;rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&amp;rdquo; he said.&lt;br /&gt;&lt;br /&gt;He said one should take pride in one&amp;rsquo;s literature and culture, but at the same time, should also be pragmatic.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&amp;rsquo;s economy,&amp;rdquo; Basu said.&lt;br /&gt;&lt;br /&gt;He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &amp;ldquo;It&amp;rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot; title=&quot;http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/&quot;&gt;click here&lt;/a&gt; to read more.&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;
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India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik..."/>
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                <strong>Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu</strong></h1>
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                <div align="justify">-PTI<br /><br /><em>India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.<br /></em><br /><em>Mumbai: </em>Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &ldquo;such as demonetisation&rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.<br /><br />&ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&hellip; is of the kind that disappoints me while sitting in America,&rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.<br /><br />&ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&rdquo; he said.<br /><br />India is a society that is poor, but is respected for its scientific temper and research, and &ldquo;we should not backtrack on that,&rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.<br /><br />&ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&rdquo; he said.<br /><br />He said one should take pride in one&rsquo;s literature and culture, but at the same time, should also be pragmatic.<br /><br />&ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.<br /><br />&ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&rsquo;s economy,&rdquo; Basu said.<br /><br />He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &ldquo;It&rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.<br /><br />&ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/" title="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/">click here</a> to read more.</div><div align="justify">&nbsp;</div>               </font>
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-PTI<br />
<br />
<em>India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.<br />
</em><br />
<em>Mumbai: </em>Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &ldquo;such as demonetisation&rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.<br />
<br />
&ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&hellip; is of the kind that disappoints me while sitting in America,&rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.<br />
<br />
&ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&rdquo; he said.<br />
<br />
India is a society that is poor, but is respected for its scientific temper and research, and &ldquo;we should not backtrack on that,&rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.<br />
<br />
&ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&rdquo; he said.<br />
<br />
He said one should take pride in one&rsquo;s literature and culture, but at the same time, should also be pragmatic.<br />
<br />
&ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.<br />
<br />
&ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&rsquo;s economy,&rdquo; Basu said.<br />
<br />
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &ldquo;It&rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.<br />
<br />
&ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&rdquo;<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/">click here</a> to read more.
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...',
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-PTI<br />
<br />
<em>India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.<br />
</em><br />
<em>Mumbai: </em>Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, &ldquo;such as demonetisation&rdquo;. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country.<br />
<br />
&ldquo;I have a concern on the social side in our country. It does worry me. The lynching news&hellip; is of the kind that disappoints me while sitting in America,&rdquo; Basu, the C Marks professor of economics at Cornell University of the US, said here.<br />
<br />
&ldquo;Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,&rdquo; he said.<br />
<br />
India is a society that is poor, but is respected for its scientific temper and research, and &ldquo;we should not backtrack on that,&rdquo; the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture.<br />
<br />
&ldquo;We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,&rdquo; he said.<br />
<br />
He said one should take pride in one&rsquo;s literature and culture, but at the same time, should also be pragmatic.<br />
<br />
&ldquo;One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching.<br />
<br />
&ldquo;This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal&rsquo;s economy,&rdquo; Basu said.<br />
<br />
He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, &ldquo;It&rsquo;s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad.<br />
<br />
&ldquo;If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.&rdquo;<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/social-damages-might-have-more-lasting-impact-on-economy-than-wrong-policies-economist-kaushik-basu/">click here</a> to read more.
</div>
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&nbsp;
</div>',
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-PTI

India is a society that is poor, but is respected for its scientific temper and research, and &quot;we should not backtrack on that,&quot; the former World Bank chief economist said.

Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik...'
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Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu

-PTI India is a society that is poor, but is respected for its scientific temper and research, and "we should not backtrack on that," the former World Bank chief economist said. Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, “such as demonetisation”. Delivering the 23rd Lalit Doshi memorial lecture here yesterday, he stressed on the need to have open debates and discussions on issues facing the country. “I have a concern on the social side in our country. It does worry me. The lynching news… is of the kind that disappoints me while sitting in America,” Basu, the C Marks professor of economics at Cornell University of the US, said here. “Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected,” he said. India is a society that is poor, but is respected for its scientific temper and research, and “we should not backtrack on that,” the former World Bank chief economist said. The former chief economic advisor said in every society there will be people who destabilise its harmony while talking about the culture and make efforts to go back to that culture. “We should be proud of our heritage, but we do not want to retreat (to the past). If we do so, that can have a long-lasting effect, not only on the quality of social life, but even on the economy,” he said. He said one should take pride in one’s literature and culture, but at the same time, should also be pragmatic. “One example that hurts me as a Bengali from Kolkata is a 1983 decision on easing out English from primary school and making Bengali the primary language of teaching. “This cultural attempt to reclaim your history by not picking up an instrument, which is a vital instrument for engagement with the modern world, has done huge damages to Bengal’s economy,” Basu said. He said people at the top level of the government are concerned about this but there is a need to make an effort to translate these concerns into policy on the ground. Stressing the need to have open debates and discussions on issues, he said, “It’s very important that in a country like ours, you can do serious debates and discuss. You can say that these two policies are good policies and these two are bad. “If you do not get into these discussions, you will make mistakes and that would really be very unfortunate for the country and the economy in the long run. I just like to believe that we will keep it open.” Please click here to read more.