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\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
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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

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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        LATEST NEWS UPDATES | Explained: What ails the credibility of India&#039;s Budget numbers -Udit Misra    </title>
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-The Indian Express

Advancing the Union Budget by a month has not helped fiscal marksmanship

In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods..."/>
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-The Indian Express

Advancing the Union Budget by a month has not helped fiscal marksmanship

In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>Advancing the Union Budget by a month has not helped fiscal marksmanship<br /></em><br />In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget.<br /><br />In short, the nominal GDP for the current year is used by the government to first arrive at the likely nominal GDP for the next financial year (that is, the year for which the Budget is being presented). On the basis of the next year&rsquo;s likely nominal GDP, the government then calculates the maximum amount of fiscal deficit (or the money that the government can borrow from the market) it can have if it has to honour the FRBM Act. After this the government calculates the revenues it is likely to get and, finally, decides on the total expenditure it wants to make given the constraints of the maximum fiscal deficit allowable and the revenues that are likely to be available with it in the coming year.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg" title="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg">click here</a> to read more. <br /></div>                                                           
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Advancing the Union Budget by a month has not helped fiscal marksmanship

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    <h1 class="cat-box-title">Explained: What ails the credibility of India&#039;s Budget numbers -Udit Misra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Advancing the Union Budget by a month has not helped fiscal marksmanship<br /></em><br />In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget.<br /><br />In short, the nominal GDP for the current year is used by the government to first arrive at the likely nominal GDP for the next financial year (that is, the year for which the Budget is being presented). On the basis of the next year&rsquo;s likely nominal GDP, the government then calculates the maximum amount of fiscal deficit (or the money that the government can borrow from the market) it can have if it has to honour the FRBM Act. After this the government calculates the revenues it is likely to get and, finally, decides on the total expenditure it wants to make given the constraints of the maximum fiscal deficit allowable and the revenues that are likely to be available with it in the coming year.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg" title="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg">click here</a> to read more. <br /></div>                                                           
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Advancing the Union Budget by a month has not helped fiscal marksmanship

In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods..."/>
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Advancing the Union Budget by a month has not helped fiscal marksmanship

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    <h1 class="cat-box-title">Explained: What ails the credibility of India&#039;s Budget numbers -Udit Misra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Advancing the Union Budget by a month has not helped fiscal marksmanship<br /></em><br />In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget.<br /><br />In short, the nominal GDP for the current year is used by the government to first arrive at the likely nominal GDP for the next financial year (that is, the year for which the Budget is being presented). On the basis of the next year&rsquo;s likely nominal GDP, the government then calculates the maximum amount of fiscal deficit (or the money that the government can borrow from the market) it can have if it has to honour the FRBM Act. After this the government calculates the revenues it is likely to get and, finally, decides on the total expenditure it wants to make given the constraints of the maximum fiscal deficit allowable and the revenues that are likely to be available with it in the coming year.<br /><br />Please <a href="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg" title="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G-VP_Sx2LbUHlDqyOyAHuIViJg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G" class="re" target="_blank">The Indian Express, 1 February, 2020, https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G</a><div class="clear"></div>
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Explained: What ails the credibility of India's Budget numbers -Udit Misra

Published on Feb 5, 2020   Modified on Feb 5, 2020

-The Indian Express Advancing the Union Budget by a month has not helped fiscal marksmanship In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget. In short, the nominal GDP for the current year is used by the government to first arrive at the likely nominal GDP for the next financial year (that is, the year for which the Budget is being presented). On the basis of the next year’s likely nominal GDP, the government then calculates the maximum amount of fiscal deficit (or the money that the government can borrow from the market) it can have if it has to honour the FRBM Act. After this the government calculates the revenues it is likely to get and, finally, decides on the total expenditure it wants to make given the constraints of the maximum fiscal deficit allowable and the revenues that are likely to be available with it in the coming year. Please click here to read more.

The Indian Express, 1 February, 2020, https://indianexpress.com/article/explained/explained-what-ails-with-the-credibility-of-indias-budget-numbers-6239577/?fbclid=IwAR2ZDiYmnbQJI8UU0JVhi4l-wk1AzUZC5G

Tagged with: Fiscal Responsibility and Budget Management Act FRBM Act Union Budget Economic Growth Union Budget 2020-21

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