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\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\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 | Explained: What&#039;s the difference between a full Budget and an interim Budget? -Shaji Vikraman    </title>
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Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left..."/>
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    <h1 class="cat-box-title">Explained: What&#039;s the difference between a full Budget and an interim Budget? -Shaji Vikraman</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. <br /><br />Chennai: </em>On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term has gone in for a vote on account rather than a full Budget. How are these different?<br /><br /><em>What is a vote on account?<br /></em><br />A vote on account, also known as interim Budget, essentially means that the government seeks the approval of Parliament for meeting expenditure for the first four months of the fiscal year (April-March) &mdash; paying salaries, ongoing programmes in various sectors etc &mdash; with no changes in the taxation structure, until a new government takes over and presents a full Budget that is revised for the full fiscal. Over the years, some governments have made policy announcements or tweaked tax rates in the vote on account. Such practices are now being recalled, amid indications that the government may present more than a vote on account on February 1.<br /><br /><em>Why present a vote on account?<br /></em><br />The reasoning is that there is little time to get approvals from Parliament for various grants to ministries and departments, and to debate these as well as any provisions for changes in taxation. More importantly, the reasoning is that it would be the prerogative of the new government to signal its policy direction, which is often reflected in the Budget. So, starting 1948, when Finance Minister R K Shanmukham Chetty presented a vote on account and followed it up with Independent India&rsquo;s first regular budget, most governments have followed this convention.<br /><br />Many Finance Ministers, including two who went on to become President, R Venkataraman and Pranab Mukherjee, noted in their interim Budgets how constitutional propriety calls for the new government to formulate the tax and expenditure policies for the next fiscal year. But a distinction is sought to be made between a government that is expected to continue in office and a scenario where polls are to follow.<br /><br />Please <a href="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0" title="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0" class="re" target="_blank">The Indian Express, 28 January, 2019, https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0</a><div class="clear"></div>
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    <h1 class="cat-box-title">Explained: What&#039;s the difference between a full Budget and an interim Budget? -Shaji Vikraman</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. <br /><br />Chennai: </em>On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term has gone in for a vote on account rather than a full Budget. How are these different?<br /><br /><em>What is a vote on account?<br /></em><br />A vote on account, also known as interim Budget, essentially means that the government seeks the approval of Parliament for meeting expenditure for the first four months of the fiscal year (April-March) &mdash; paying salaries, ongoing programmes in various sectors etc &mdash; with no changes in the taxation structure, until a new government takes over and presents a full Budget that is revised for the full fiscal. Over the years, some governments have made policy announcements or tweaked tax rates in the vote on account. Such practices are now being recalled, amid indications that the government may present more than a vote on account on February 1.<br /><br /><em>Why present a vote on account?<br /></em><br />The reasoning is that there is little time to get approvals from Parliament for various grants to ministries and departments, and to debate these as well as any provisions for changes in taxation. More importantly, the reasoning is that it would be the prerogative of the new government to signal its policy direction, which is often reflected in the Budget. So, starting 1948, when Finance Minister R K Shanmukham Chetty presented a vote on account and followed it up with Independent India&rsquo;s first regular budget, most governments have followed this convention.<br /><br />Many Finance Ministers, including two who went on to become President, R Venkataraman and Pranab Mukherjee, noted in their interim Budgets how constitutional propriety calls for the new government to formulate the tax and expenditure policies for the next fiscal year. But a distinction is sought to be made between a government that is expected to continue in office and a scenario where polls are to follow.<br /><br />Please <a href="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0" title="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0" class="re" target="_blank">The Indian Express, 28 January, 2019, https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0</a><div class="clear"></div>
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    <h1 class="cat-box-title">Explained: What&#039;s the difference between a full Budget and an interim Budget? -Shaji Vikraman</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. <br /><br />Chennai: </em>On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term has gone in for a vote on account rather than a full Budget. How are these different?<br /><br /><em>What is a vote on account?<br /></em><br />A vote on account, also known as interim Budget, essentially means that the government seeks the approval of Parliament for meeting expenditure for the first four months of the fiscal year (April-March) &mdash; paying salaries, ongoing programmes in various sectors etc &mdash; with no changes in the taxation structure, until a new government takes over and presents a full Budget that is revised for the full fiscal. Over the years, some governments have made policy announcements or tweaked tax rates in the vote on account. Such practices are now being recalled, amid indications that the government may present more than a vote on account on February 1.<br /><br /><em>Why present a vote on account?<br /></em><br />The reasoning is that there is little time to get approvals from Parliament for various grants to ministries and departments, and to debate these as well as any provisions for changes in taxation. More importantly, the reasoning is that it would be the prerogative of the new government to signal its policy direction, which is often reflected in the Budget. So, starting 1948, when Finance Minister R K Shanmukham Chetty presented a vote on account and followed it up with Independent India&rsquo;s first regular budget, most governments have followed this convention.<br /><br />Many Finance Ministers, including two who went on to become President, R Venkataraman and Pranab Mukherjee, noted in their interim Budgets how constitutional propriety calls for the new government to formulate the tax and expenditure policies for the next fiscal year. But a distinction is sought to be made between a government that is expected to continue in office and a scenario where polls are to follow.<br /><br />Please <a href="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0" title="https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0Emcw92xa_a79ey6fexJ-L_2E_TQWO9Eg8vAt_sIMIclaEEtd2yV4zdZ0">click here</a> to read more. <br /></div>                                                           
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Explained: What's the difference between a full Budget and an interim Budget? -Shaji Vikraman

Published on Jan 28, 2019   Modified on Jan 28, 2019

-The Indian Express Budget 2019: At the end of its term, a government usually presents a vote on account rather than a full Budget. What is the difference? A look at what interim Budgets have covered over the years, or left for the next government. Chennai: On February 1, the government is set to present its last Budget ahead of the elections. Conventionally, a government at the end of its term has gone in for a vote on account rather than a full Budget. How are these different? What is a vote on account? A vote on account, also known as interim Budget, essentially means that the government seeks the approval of Parliament for meeting expenditure for the first four months of the fiscal year (April-March) — paying salaries, ongoing programmes in various sectors etc — with no changes in the taxation structure, until a new government takes over and presents a full Budget that is revised for the full fiscal. Over the years, some governments have made policy announcements or tweaked tax rates in the vote on account. Such practices are now being recalled, amid indications that the government may present more than a vote on account on February 1. Why present a vote on account? The reasoning is that there is little time to get approvals from Parliament for various grants to ministries and departments, and to debate these as well as any provisions for changes in taxation. More importantly, the reasoning is that it would be the prerogative of the new government to signal its policy direction, which is often reflected in the Budget. So, starting 1948, when Finance Minister R K Shanmukham Chetty presented a vote on account and followed it up with Independent India’s first regular budget, most governments have followed this convention. Many Finance Ministers, including two who went on to become President, R Venkataraman and Pranab Mukherjee, noted in their interim Budgets how constitutional propriety calls for the new government to formulate the tax and expenditure policies for the next fiscal year. But a distinction is sought to be made between a government that is expected to continue in office and a scenario where polls are to follow. Please click here to read more.

The Indian Express, 28 January, 2019, https://indianexpress.com/article/explained/simply-put-full-budget-interim-budget-p-chidambaram-arun-jaitley-yashwant-sinha-pranab-mukherjee-5557243/?fbclid=IwAR0

Tagged with: Vote-on-account finance bill Interim Budget Union Budget

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