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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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                            <div align="justify">-Financial Express<br /><br /><em>Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? <br /></em><br />Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation?<br /><br />Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in this newspaper, economist Surjit Bhalla, a part-time member of the prime minister&rsquo;s economic advisory council, defended demonetisation exactly on these grounds (bit.ly/2Pr07az). In an interview, Bhalla claimed &ldquo;tax payments went up by an enormous amount&rdquo;, due to demonetisation (bit.ly/2qHOnS1).<br /><br />Do the facts support these claims? Let&rsquo;s start with tax buoyancy. In macroeconomics, this is the elasticity of tax revenues with respect to nominal GDP, or in other words, the percentage change in tax revenues divided by the percentage change in nominal GDP. Greater tax compliance, caused say, by demonetisation, should show up as higher tax buoyancy.<br /><br />In the two financial years preceding demonetisation, direct tax buoyancy was 0.8 and 0.7 respectively. In 2016-17, the year of demonetisation, this increased to 1.3, and it was 1.4 in 2017-18, the last full financial year for which we have data. Sounds impressive, right? Yes, if we cherry-pick dates to suit our agenda, as defenders of demonetisation often do.<br /><br />Please <a href="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ" title="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya</h1>
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                            <div align="justify">-Financial Express<br /><br /><em>Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? <br /></em><br />Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation?<br /><br />Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in this newspaper, economist Surjit Bhalla, a part-time member of the prime minister&rsquo;s economic advisory council, defended demonetisation exactly on these grounds (bit.ly/2Pr07az). In an interview, Bhalla claimed &ldquo;tax payments went up by an enormous amount&rdquo;, due to demonetisation (bit.ly/2qHOnS1).<br /><br />Do the facts support these claims? Let&rsquo;s start with tax buoyancy. In macroeconomics, this is the elasticity of tax revenues with respect to nominal GDP, or in other words, the percentage change in tax revenues divided by the percentage change in nominal GDP. Greater tax compliance, caused say, by demonetisation, should show up as higher tax buoyancy.<br /><br />In the two financial years preceding demonetisation, direct tax buoyancy was 0.8 and 0.7 respectively. In 2016-17, the year of demonetisation, this increased to 1.3, and it was 1.4 in 2017-18, the last full financial year for which we have data. Sounds impressive, right? Yes, if we cherry-pick dates to suit our agenda, as defenders of demonetisation often do.<br /><br />Please <a href="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ" title="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduue" class="re" target="_blank">Financial Express, 14 November, 2018, https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduue</a><div class="clear"></div>
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    <h1 class="cat-box-title">Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya</h1>
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                            <div align="justify">-Financial Express<br /><br /><em>Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? <br /></em><br />Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation?<br /><br />Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in this newspaper, economist Surjit Bhalla, a part-time member of the prime minister&rsquo;s economic advisory council, defended demonetisation exactly on these grounds (bit.ly/2Pr07az). In an interview, Bhalla claimed &ldquo;tax payments went up by an enormous amount&rdquo;, due to demonetisation (bit.ly/2qHOnS1).<br /><br />Do the facts support these claims? Let&rsquo;s start with tax buoyancy. In macroeconomics, this is the elasticity of tax revenues with respect to nominal GDP, or in other words, the percentage change in tax revenues divided by the percentage change in nominal GDP. Greater tax compliance, caused say, by demonetisation, should show up as higher tax buoyancy.<br /><br />In the two financial years preceding demonetisation, direct tax buoyancy was 0.8 and 0.7 respectively. In 2016-17, the year of demonetisation, this increased to 1.3, and it was 1.4 in 2017-18, the last full financial year for which we have data. Sounds impressive, right? Yes, if we cherry-pick dates to suit our agenda, as defenders of demonetisation often do.<br /><br />Please <a href="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ" title="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduueInQE7ExBwcTlUWrlTpbeEZGWKQ">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduue" class="re" target="_blank">Financial Express, 14 November, 2018, https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduue</a><div class="clear"></div>
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Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya

Published on Nov 14, 2018   Modified on Nov 14, 2018

-Financial Express Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation? Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in this newspaper, economist Surjit Bhalla, a part-time member of the prime minister’s economic advisory council, defended demonetisation exactly on these grounds (bit.ly/2Pr07az). In an interview, Bhalla claimed “tax payments went up by an enormous amount”, due to demonetisation (bit.ly/2qHOnS1). Do the facts support these claims? Let’s start with tax buoyancy. In macroeconomics, this is the elasticity of tax revenues with respect to nominal GDP, or in other words, the percentage change in tax revenues divided by the percentage change in nominal GDP. Greater tax compliance, caused say, by demonetisation, should show up as higher tax buoyancy. In the two financial years preceding demonetisation, direct tax buoyancy was 0.8 and 0.7 respectively. In 2016-17, the year of demonetisation, this increased to 1.3, and it was 1.4 in 2017-18, the last full financial year for which we have data. Sounds impressive, right? Yes, if we cherry-pick dates to suit our agenda, as defenders of demonetisation often do. Please click here to read more.

Financial Express, 14 November, 2018, https://www.financialexpress.com/opinion/demonetisation-is-data-being-cherry-picked-to-show-note-ban-delivered/1380960/?fbclid=IwAR2EDEBAVrRUbMYHg9jRVnDJ5-wNsduue

Tagged with: Tax Revenue Tax/GDP ratio tax buoyancy Demonetisation

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• Would the government have brushed aside the Reserve Bank of India if it had objected to demonetisation, Supreme Court asks Centre
• What Centre Told Supreme Court On Pleas Challenging Demonetisation

 

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