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
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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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        LATEST NEWS UPDATES | Falling far short of the goal -CP Chandrasekhar    </title>
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-The Hindu

The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing

The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour..."/>
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-The Hindu

The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing

The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour..." />
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                            <div align="justify">-The Hindu<br /><br /><em>The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing<br /></em><br />The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman&rsquo;s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented her role as one of expanding and strengthening the many achievements of Prime Minister Narendra Modi&rsquo;s first government. To underline that, she flagged the 10 points earlier presented as a vision for the decade in the interim Budget speech.<br /><br />This raises two questions. First, how far has Ms. Sitharaman gone in actually extending and strengthening the initiatives that make it possible to realise the goals deriving from that vision? And, second, how does she intend to finance that effort to build on and take forward a legacy she claimed has laid out the agenda?<br /><br />Ambition is not lacking. India, which was an approximately $1.85 trillion economy when the previous government took over (2014), and has grown to become a $2.7 trillion economy today will, the Prime Minister promises, grow to be a $5 trillion economy by 2024. Allowing for an inflation rate of 5%, that requires a real growth rate of 8% or more per annum. If GDP has to grow at that rate, investment must rise sharply. The Budget is clear on the government&rsquo;s role in this process. It cannot invest too much, but it must ensure huge investments in infrastructure and elsewhere by attracting and incentivising private investors. Optimistically leaving this to the private sector, the government focusses on taking the benefits of growth to the rural areas, the Micro, Small and Medium Enterprises and the marginalised.<br /><br /><em>A shortfall</em><br /><br />However, one striking feature of the figures that make up the Budget is that the allocations to match this ambition are significantly short of requirement. Going by the nominal GDP figures implicit in the fiscal deficit ratios provided, total expenditure of the Central government which rose from 12.7% of GDP in 2017-18 to 13.2% of GDP in 2018-19, would remain at 13.1% of GDP in 2019-20. Spending to &ldquo;kick-start&rdquo; growth is absent. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" title="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" class="re" target="_blank">The Hindu, 6 July, 2019, https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Falling far short of the goal -CP Chandrasekhar    </title>
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The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing

The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour..."/>
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    <h1 class="cat-box-title">Falling far short of the goal -CP Chandrasekhar</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing<br /></em><br />The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman&rsquo;s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented her role as one of expanding and strengthening the many achievements of Prime Minister Narendra Modi&rsquo;s first government. To underline that, she flagged the 10 points earlier presented as a vision for the decade in the interim Budget speech.<br /><br />This raises two questions. First, how far has Ms. Sitharaman gone in actually extending and strengthening the initiatives that make it possible to realise the goals deriving from that vision? And, second, how does she intend to finance that effort to build on and take forward a legacy she claimed has laid out the agenda?<br /><br />Ambition is not lacking. India, which was an approximately $1.85 trillion economy when the previous government took over (2014), and has grown to become a $2.7 trillion economy today will, the Prime Minister promises, grow to be a $5 trillion economy by 2024. Allowing for an inflation rate of 5%, that requires a real growth rate of 8% or more per annum. If GDP has to grow at that rate, investment must rise sharply. The Budget is clear on the government&rsquo;s role in this process. It cannot invest too much, but it must ensure huge investments in infrastructure and elsewhere by attracting and incentivising private investors. Optimistically leaving this to the private sector, the government focusses on taking the benefits of growth to the rural areas, the Micro, Small and Medium Enterprises and the marginalised.<br /><br /><em>A shortfall</em><br /><br />However, one striking feature of the figures that make up the Budget is that the allocations to match this ambition are significantly short of requirement. Going by the nominal GDP figures implicit in the fiscal deficit ratios provided, total expenditure of the Central government which rose from 12.7% of GDP in 2017-18 to 13.2% of GDP in 2018-19, would remain at 13.1% of GDP in 2019-20. Spending to &ldquo;kick-start&rdquo; growth is absent. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" title="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" class="re" target="_blank">The Hindu, 6 July, 2019, https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Falling far short of the goal -CP Chandrasekhar    </title>
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The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing

The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour..."/>
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    <h1 class="cat-box-title">Falling far short of the goal -CP Chandrasekhar</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing<br /></em><br />The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman&rsquo;s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented her role as one of expanding and strengthening the many achievements of Prime Minister Narendra Modi&rsquo;s first government. To underline that, she flagged the 10 points earlier presented as a vision for the decade in the interim Budget speech.<br /><br />This raises two questions. First, how far has Ms. Sitharaman gone in actually extending and strengthening the initiatives that make it possible to realise the goals deriving from that vision? And, second, how does she intend to finance that effort to build on and take forward a legacy she claimed has laid out the agenda?<br /><br />Ambition is not lacking. India, which was an approximately $1.85 trillion economy when the previous government took over (2014), and has grown to become a $2.7 trillion economy today will, the Prime Minister promises, grow to be a $5 trillion economy by 2024. Allowing for an inflation rate of 5%, that requires a real growth rate of 8% or more per annum. If GDP has to grow at that rate, investment must rise sharply. The Budget is clear on the government&rsquo;s role in this process. It cannot invest too much, but it must ensure huge investments in infrastructure and elsewhere by attracting and incentivising private investors. Optimistically leaving this to the private sector, the government focusses on taking the benefits of growth to the rural areas, the Micro, Small and Medium Enterprises and the marginalised.<br /><br /><em>A shortfall</em><br /><br />However, one striking feature of the figures that make up the Budget is that the allocations to match this ambition are significantly short of requirement. Going by the nominal GDP figures implicit in the fiscal deficit ratios provided, total expenditure of the Central government which rose from 12.7% of GDP in 2017-18 to 13.2% of GDP in 2018-19, would remain at 13.1% of GDP in 2019-20. Spending to &ldquo;kick-start&rdquo; growth is absent. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" title="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI" class="re" target="_blank">The Hindu, 6 July, 2019, https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI</a><div class="clear"></div>
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Falling far short of the goal -CP Chandrasekhar

Published on Jul 6, 2019   Modified on Jul 6, 2019

-The Hindu The rhetoric in the Budget of accelerated, inclusive and sustainable development receives only limited financial backing The general election is over and a new government has been formed. But the campaign does not seem to end. More than an hour of Finance Minister Nirmala Sitharaman’s maiden Budget speech was largely devoted to underlining what she claimed were the remarkable economic achievements of the previous government. Given that legacy, she presented her role as one of expanding and strengthening the many achievements of Prime Minister Narendra Modi’s first government. To underline that, she flagged the 10 points earlier presented as a vision for the decade in the interim Budget speech. This raises two questions. First, how far has Ms. Sitharaman gone in actually extending and strengthening the initiatives that make it possible to realise the goals deriving from that vision? And, second, how does she intend to finance that effort to build on and take forward a legacy she claimed has laid out the agenda? Ambition is not lacking. India, which was an approximately $1.85 trillion economy when the previous government took over (2014), and has grown to become a $2.7 trillion economy today will, the Prime Minister promises, grow to be a $5 trillion economy by 2024. Allowing for an inflation rate of 5%, that requires a real growth rate of 8% or more per annum. If GDP has to grow at that rate, investment must rise sharply. The Budget is clear on the government’s role in this process. It cannot invest too much, but it must ensure huge investments in infrastructure and elsewhere by attracting and incentivising private investors. Optimistically leaving this to the private sector, the government focusses on taking the benefits of growth to the rural areas, the Micro, Small and Medium Enterprises and the marginalised. A shortfall However, one striking feature of the figures that make up the Budget is that the allocations to match this ambition are significantly short of requirement. Going by the nominal GDP figures implicit in the fiscal deficit ratios provided, total expenditure of the Central government which rose from 12.7% of GDP in 2017-18 to 13.2% of GDP in 2018-19, would remain at 13.1% of GDP in 2019-20. Spending to “kick-start” growth is absent. Please click here to read more.

The Hindu, 6 July, 2019, https://www.thehindu.com/opinion/lead/falling-far-short-of-the-goal/article28299107.ece?fbclid=IwAR0Yw73yl45feH5l2qUUm9KoJdPC54WG-SJrxDAKg1XcTspdw-iogyk4aZI

Tagged with: Union Budget GDP growth Economic Growth mgnrega

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