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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\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: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

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

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

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida    </title>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.

The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows..."/>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.

The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows..." />
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    <h1 class="cat-box-title">The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida</h1>
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		 Published on</span><span class="text-date"> Jan 14, 2021</span>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.</em></p><p style="text-align:justify">The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms for the year. Nominal GDP is expected to contract by 4.2 per cent. The figures continue to have a considerable band of uncertainty as data challenges remain.</p><p style="text-align:justify">The demand side, however, continues to be in a soft spot with private consumption falling by 9.5 per cent and its share in the overall GDP reducing by full 100 basis points. Per capita private consumption has contracted by 10.4 per cent, while capital formation has contracted by 14.5 per cent, with imports and exports also contracting. Only government consumption remains in positive territory.</p><p style="text-align:justify">The deep contraction in manufacturing (9.3 per cent), construction (12.6 per cent) and trade, hotels (21.4 per cent) are the main pain spots. The estimated losses in these three sectors account for 93.5 per cent of the total loss for the whole year. With high employment intensity, the task of rehabilitating displaced business in these sectors will be a long-drawn battle. The financial sector has somehow weathered the storm and the value added by the sector has registered a nominal growth of 1.4 per cent.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/" title="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/" class="re" target="_blank">The Indian Express, 14 January, 2021, https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/</a><div class="clear"></div>
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.

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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.

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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.</em></p><p style="text-align:justify">The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms for the year. Nominal GDP is expected to contract by 4.2 per cent. The figures continue to have a considerable band of uncertainty as data challenges remain.</p><p style="text-align:justify">The demand side, however, continues to be in a soft spot with private consumption falling by 9.5 per cent and its share in the overall GDP reducing by full 100 basis points. Per capita private consumption has contracted by 10.4 per cent, while capital formation has contracted by 14.5 per cent, with imports and exports also contracting. Only government consumption remains in positive territory.</p><p style="text-align:justify">The deep contraction in manufacturing (9.3 per cent), construction (12.6 per cent) and trade, hotels (21.4 per cent) are the main pain spots. The estimated losses in these three sectors account for 93.5 per cent of the total loss for the whole year. With high employment intensity, the task of rehabilitating displaced business in these sectors will be a long-drawn battle. The financial sector has somehow weathered the storm and the value added by the sector has registered a nominal growth of 1.4 per cent.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/" title="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/">click here</a> to read more.</p>                                                           
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The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.

The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows..." />
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    <h1 class="cat-box-title">The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida</h1>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education.</em></p><p style="text-align:justify">The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms for the year. Nominal GDP is expected to contract by 4.2 per cent. The figures continue to have a considerable band of uncertainty as data challenges remain.</p><p style="text-align:justify">The demand side, however, continues to be in a soft spot with private consumption falling by 9.5 per cent and its share in the overall GDP reducing by full 100 basis points. Per capita private consumption has contracted by 10.4 per cent, while capital formation has contracted by 14.5 per cent, with imports and exports also contracting. Only government consumption remains in positive territory.</p><p style="text-align:justify">The deep contraction in manufacturing (9.3 per cent), construction (12.6 per cent) and trade, hotels (21.4 per cent) are the main pain spots. The estimated losses in these three sectors account for 93.5 per cent of the total loss for the whole year. With high employment intensity, the task of rehabilitating displaced business in these sectors will be a long-drawn battle. The financial sector has somehow weathered the storm and the value added by the sector has registered a nominal growth of 1.4 per cent.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/" title="https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/">click here</a> to read more.</p>                                                           
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The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida

Published on Jan 14, 2021   Modified on Jan 14, 2021

-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms for the year. Nominal GDP is expected to contract by 4.2 per cent. The figures continue to have a considerable band of uncertainty as data challenges remain. The demand side, however, continues to be in a soft spot with private consumption falling by 9.5 per cent and its share in the overall GDP reducing by full 100 basis points. Per capita private consumption has contracted by 10.4 per cent, while capital formation has contracted by 14.5 per cent, with imports and exports also contracting. Only government consumption remains in positive territory. The deep contraction in manufacturing (9.3 per cent), construction (12.6 per cent) and trade, hotels (21.4 per cent) are the main pain spots. The estimated losses in these three sectors account for 93.5 per cent of the total loss for the whole year. With high employment intensity, the task of rehabilitating displaced business in these sectors will be a long-drawn battle. The financial sector has somehow weathered the storm and the value added by the sector has registered a nominal growth of 1.4 per cent. Please click here to read more.

The Indian Express, 14 January, 2021, https://indianexpress.com/article/opinion/columns/the-union-budget-should-focus-on-enhancing-credit-flows-to-the-small-and-marginal-farmers-increase-investment-in-health-and-education-7145251/

Tagged with: Union Budget GDP Growth Economic Growth Kisan Credit Cards Pradhan Mantri Kisan Samman Nidhi Yojana PM-KISAN

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