Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:62:\"Non-static method view::load() should not be called statically\";s:5:\"%file\";s:63:\"/home/themoney/public_html/sites/all/modules/views/views.module\";s:5:\"%line\";i:906;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:109:\"Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options)\";s:5:\"%file\";s:86:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_argument.inc\";s:5:\"%line\";i:744;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:134:\"Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state)\";s:5:\"%file\";s:84:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:607;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state)\";s:5:\"%file\";s:84:\"/home/themoney/public_html/sites/all/modules/views/handlers/views_handler_filter.inc\";s:5:\"%line\";i:607;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:148:\"Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state)\";s:5:\"%file\";s:100:\"/home/themoney/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc\";s:5:\"%line\";i:13;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:62:\"Non-static method view::load() should not be called statically\";s:5:\"%file\";s:63:\"/home/themoney/public_html/sites/all/modules/views/views.module\";s:5:\"%line\";i:906;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:130:\"Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state)\";s:5:\"%file\";s:79:\"/home/themoney/public_html/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:134;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:14:\"strict warning\";s:8:\"%message\";s:126:\"Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state)\";s:5:\"%file\";s:79:\"/home/themoney/public_html/sites/all/modules/views/plugins/views_plugin_row.inc\";s:5:\"%line\";i:134;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987842) in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:7:\"warning\";s:8:\"%message\";s:137:\"Cannot modify header information - headers already sent by (output started at /home/themoney/public_html/includes/database.mysql.inc:135)\";s:5:\"%file\";s:46:\"/home/themoney/public_html/includes/common.inc\";s:5:\"%line\";i:153;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', '', '54.82.59.182', 1454987843) in /home/themoney/public_html/includes/database.mysql.inc on line 135
fiscal deficit http://themoneytimes.com/taxonomy/term/44930/all/feed en Rupee drops further, Sensex dips lower! Economic doldrums for India? http://themoneytimes.com/featured/20130829/rupee-drops-further-sensex-dips-lower-economic-doldrums-india-id-1701713531.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Shock stupefied the Indian economy on Tuesday! After the Food Security Bill was passed in the Lok Sabha on Monday, experts opine that this would strangle the fiscal deficit. The fiscal deficit and the increase in the price of crude oil have led to the plunging of the value of rupee and eventually mercurial fall of the Sensex.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://themoneytimes.com/files/imagecache/picturethumb/rupee%20drops.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="135" /> </div> </div> </div> <p><strong>Economy falls</strong></p> <p>The latest updates say that the price of the crude oil has risen in the West Asia due to some unrest and has thus led to a fall in the value of rupee. The rupee has plunged to cross 66 in comparison to the dollar. And the Stock Exchange at Bombay shows a disappointing Sensex fall of 590 points. The G-Sec yield has shown a rise of 8.5%.</p> <p>India may not be the only loser in this situation; the global markets are shaky on their grounds. But the more concerning factor is this question- "Is this a doomsday for the Indian financial markets?"</p> <p>Maybe this is the reason why the investors got rid of their stocks quickly. They probably read the signs.</p> <p><strong> US markets and MSCI Emerging Market Index </strong></p> <p>All said and done the US markets are improving, and all those countries listed in the MSCI Emerging Market Index are somehow managing in this tough time. India at the moment is losing around 20% whereas the MSCI Emerging Market Index Index shows an upswing of 16.5%. </p> <p>Will the US Federal Reserve taper off quantitative easing? Let’s see, how the stimulus package may just be snapped from under the noses from September onwards, say the experts. The investors are getting lured for the US markets and they have decided to let the emerging markets alone.</p> <p><strong>Global financial fall</strong></p> <p>The global financial fall had started from 2008/2009, and at the moment the US is trading at 2.65-2.75 per cent. The Indian financial markets have to deal with some traumatic moments. </p> <p>Initially, India had a protective shield from the sub-prime crisis due to the regulations and their past strong growth. But with the elections around the corner in the country, there is more to financial burden. The country is plagued by current account deficits, the sky-rocketing fiscals, lower growth trends and the rising inflation.</p> <p>In these 8 months of 2013, we have seen that Indian markets have gained almost $ 12 billion due to the sale of the Indian Equities to the Foreign institutional investors (FIIs). The FII’s have always been a great boon for the Indian Markets as they helped the equity market rise. </p> <p>The concerning fact is that these foreign investors have been selling their purchases rapidly. Then why do we hear that the Indian economy is looking up around 5%? Are these gloomy days of Indian Markets? </p> <p>If we don’t listen to the call of the global rating agencies and if the Indian Government doesn't do something drastic like selling foreign currency bonds, or increase import duty, we may encounter really serious trouble.</p> Crude oil doomsday economic crisis falling rupee fiscal deficit Food security bill Gold India Indian economy Markets Markets Sensex Top Story US markets and MSCI Emerging Market Index Thu, 29 Aug 2013 08:34:10 +0000 Minnie Mahendru 1701713531 at http://themoneytimes.com Government equipped to shoulder Food Security Bill burden http://themoneytimes.com/featured/20130828/government-equipped-shoulder-food-security-bill-burden-id-1701713528.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>India put an important step forward towards ensuring food to the scores of people reeling under the pangs of poverty when the Lok Sabha, the lower house of the parliament, gave the green signal to the Food Security Bill.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://themoneytimes.com/files/imagecache/picturethumb/Government%20equipped%20to%20shoulder%20Food%20Security%20Bill%20burden.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="156" /> </div> </div> </div> <p>While the government claims that the present bill is the antidote to hunger and malnutrition in the country, critics aver that it is a new wine in old bottle. </p> <p><strong>Fiscal Deficit</strong></p> <p>These detractors allege that the Antyodaya programme, which promised to provide wheat at Rs. 2 per kg and rice at 3 per kg, was launched for the benefit of the downtrodden way back in the year 2000. The latest bill does not add any substance to that program.</p> <p>In addition to this, fingers are being pointed at the bill as it is being seen as an instrument to garner a larger vote bank in the upcoming elections in the country. </p> <p>However, the biggest moot point with regard to the bill is the burden that it will put on the exchequer. This aspect has drawn a lot of attention; given the fact that the fiscal deficit is already a cause of concern in the country.</p> <p>"India's fiscal numbers look weak...fiscal slippage could trigger negative rating action," warned Andrew Colquhoun, Fitch's head of Asia-Pacific sovereigns.</p> <p>The bill will purportedly impact the government finances to the tune of Rs 1.3 lakh crore.</p> <p><strong>FM is confident</strong></p> <p>However, the finance minister has assured that the there is nothing to worry about and the government will be able to foot the food subsidy bill that occurs as a result of the implementation of the food security bill.</p> <p>"I have already said fiscal deficit target of 4.8% of GDP and the absolute number indicated in the Budget is a red line. The red line will not be breached. We have done our sums," assured PC Chidambaram.</p> <p>The finance minister promised that the requisite money would be made available as and when required.</p> <p>Experts opine that the government should cut other costs like fuel and fertilizer subsidy. This will enable it to offset some of the additional burden that the Food Security Bill will have on the government’s finances.</p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>The landmark Food Security Bill, which seeks to provide subsidized food grains to 82 crore people in India, was passed by the Lok Sabha on Monday.</p> </div> </div> </div> bill Business fiscal deficit FM food Food security bill India Markets nutrition subsidy Top Story Wed, 28 Aug 2013 06:32:02 +0000 Jamie Anderson 1701713528 at http://themoneytimes.com Euro Debt Crisis: What Led to It? http://themoneytimes.com/blogs/euro-debt-crisis-what-led-it.html <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://themoneytimes.com/files/imagecache/250width/comex-gold-silver-rise.jpg" alt="" title="" class="imagecache imagecache-250width imagecache-default imagecache-250width_default" width="244" height="164" /> </div> </div> </div> <p>The U.S.</p> <p><a href="http://themoneytimes.com/blogs/euro-debt-crisis-what-led-it.html" target="_blank">read more</a></p> euro European banking sector European crisis European Union financial crisis fiscal deficit fragile economy France free trade zone Germany Global downturn Greece Ireland Italy recession Top Story US Sat, 24 Sep 2011 09:38:09 +0000 Manisha Mishra 1701711211 at http://themoneytimes.com Geithner hopeful Europe will tackle debt crisis http://themoneytimes.com/featured/20100516/geithner-hopeful-europe-will-tackle-debt-crisis-id-10113288.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>Offering a positive outlook on the crisis in Europe, the U.S. Treasury Secretary Timothy F. Geithner said Friday that he is confident that Europe has the ability to successfully tackle its financial crisis.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://themoneytimes.com/files/imagecache/picturethumb/geithner-testifying.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="150" /> </div> </div> </div> <p>In an interview to Bloomberg Television, Geithner stated, “They have the capacity to make that program work, I think they're committed to do it. I'm very confident they have the ability to do that and if they handle that well, then we have a very good chance of seeing the world economy continue to show these very promising signs of growth." </p> <p><strong>$1 trillion package to rescue Europe</strong><br /> Last week the European Union, International Monetary Fund, and the central bankers collected $1 trillion as bailout funds to rescue Greece and other countries in the region. </p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>Apart from being confident that Europe will stem the turmoil, Geithner added that he is certain that the crisis will not affect the United States.</p> </div> </div> </div> <p><a href="http://themoneytimes.com/featured/20100516/geithner-hopeful-europe-will-tackle-debt-crisis-id-10113288.html" target="_blank">read more</a></p> http://themoneytimes.com/featured/20100516/geithner-hopeful-europe-will-tackle-debt-crisis-id-10113288.html#comments Business countries country debt crisis devaluing economic downturn Economy economy Europe exchange rate fiscal deficit Greece market forces Markets Timothy F. Geithner U.S. Treasury Secretary Timothy United States Yuan Sun, 16 May 2010 09:55:27 +0000 Jaspreet Virk 113288 at http://themoneytimes.com Greece passes austerity measures; sparks protest http://themoneytimes.com/featured/20100307/greece-passes-austerity-measures-sparks-protest-id-10102736.html <div class="field field-type-text field-field-teaser"> <div class="field-items"> <div class="field-item odd"> <p>In a move to reduce the fiscal deficit, which has been mounting over the past several months, the Greece government Friday passed the austerity measures announced earlier in the week.</p> </div> </div> </div> <div class="field field-type-filefield field-field-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://themoneytimes.com/files/imagecache/picturethumb/george-papandreou-290895263543465e_large_0.jpg" alt="" title="" class="imagecache imagecache-picturethumb imagecache-default imagecache-picturethumb_default" width="180" height="159" /> </div> </div> </div> <p>The measures are aimed at reducing the fiscal deficit by 4.8 billion euros or 6.5 billion dollars by incorporating tax hike and reducing spending in the economy.</p> <p>In a statement Greek Prime Minister George Papandreou said, "The sacrifices will have results.</p> <p>"Three years from now, public finances will be in order and we will have restructured and modernised the administration."</p> <p>Though the measures sound good theoretically, will they reap positive results as planned by the government?</p> <p><strong>Austerity measures draw protest</strong></p> <div class="field field-type-text field-field-imagecaption"> <div class="field-items"> <div class="field-item odd"> <p>In a statement, Greek Prime Minister George Papandreou said, "The sacrifices will have results. Three years from now, public finances will be in order and we will have restructured and modernised the administration."</p> </div> </div> </div> <p><a href="http://themoneytimes.com/featured/20100307/greece-passes-austerity-measures-sparks-protest-id-10102736.html" target="_blank">read more</a></p> http://themoneytimes.com/featured/20100307/greece-passes-austerity-measures-sparks-protest-id-10102736.html#comments austerity measures Business Economy economy fiscal deficit Greece Markets United States Sun, 07 Mar 2010 07:47:41 +0000 Jaspreet Virk 102736 at http://themoneytimes.com
Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

Warning: Table './themoney_2011new/watchdog' is marked as crashed and last (automatic?) repair failed query: INSERT INTO watchdog (uid, type, message, variables, severity, link, location, referer, hostname, timestamp) VALUES (0, 'php', '%message in %file on line %line.', 'a:4:{s:6:\"%error\";s:12:\"user warning\";s:8:\"%message\";s:319:\"Table &#039;themoney_2011new.accesslog&#039; doesn&#039;t exist\nquery: INSERT INTO accesslog (title, path, url, hostname, uid, sid, timer, timestamp) values(&#039;&#039;, &#039;taxonomy/term/44930/all/feed&#039;, &#039;&#039;, &#039;54.82.59.182&#039;, 0, &#039;2a57d0b7eef18495d83bf293aa627fdf&#039;, 1257, 1454987843)\";s:5:\"%file\";s:63:\"/home/themoney/public_html/modules/statistics/statistics.module\";s:5:\"%line\";i:63;}', 3, '', 'http://themoneytimes.com/taxonomy/term/44930/all/feed', &# in /home/themoney/public_html/includes/database.mysql.inc on line 135