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
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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 style="text-align: justify">-Reuters</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>NEW DELHI: </em>The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. </p><p style="text-align: justify">Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and save Rs 250 billion ($4 billion) in borrowing. </p><p style="text-align: justify">They said the proposal, to be presented to the country's next finance minister, would create room to narrow the deficit by up to 0.3 percentage points from the 4.1% of gross domestic product now budgeted. </p><p style="text-align: justify">Investors and ratings agencies have given Modi's pro-growth agenda a vote of confidence, but have expressed concerns that sluggish growth could cause the fiscal arithmetic in the previous government's interim budget to unravel. </p><p style="text-align: justify">The view from the permanent staff at the finance ministry is, however, that there is actually scope to trim the deficit and no need to let it slip - a risky move that could put India at the risk of a cut in its investment-grade sovereign rating. </p><p style="text-align: justify">&quot;The fiscal deficit can surely be brought down to at least 3.8 or 3.9% as there is enough scope to cut down wasteful expenditure,&quot; one senior official directly involved in drafting the budget told Reuters. </p><p style="text-align: justify">Modi will be sworn in on Monday, and is widely expected to name close ally Arun Jaitely as finance minister. The revised budget is due to be presented to parliament in early July. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Officials-shape-plan-to-cut-spending-deficit-Sources/articleshow/35474788.cms" class="re" target="_blank">The Times of India, 22 May, 2014, http://timesofindia.indiatimes.com/business/india-business/Officials-shape-plan-to-cut-spending-deficit-Sources/articleshow/35474788.cms</a><div class="clear"></div>
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                            <div style="text-align: justify">-Reuters</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>NEW DELHI: </em>The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. </p><p style="text-align: justify">Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and save Rs 250 billion ($4 billion) in borrowing. </p><p style="text-align: justify">They said the proposal, to be presented to the country's next finance minister, would create room to narrow the deficit by up to 0.3 percentage points from the 4.1% of gross domestic product now budgeted. </p><p style="text-align: justify">Investors and ratings agencies have given Modi's pro-growth agenda a vote of confidence, but have expressed concerns that sluggish growth could cause the fiscal arithmetic in the previous government's interim budget to unravel. </p><p style="text-align: justify">The view from the permanent staff at the finance ministry is, however, that there is actually scope to trim the deficit and no need to let it slip - a risky move that could put India at the risk of a cut in its investment-grade sovereign rating. </p><p style="text-align: justify">&quot;The fiscal deficit can surely be brought down to at least 3.8 or 3.9% as there is enough scope to cut down wasteful expenditure,&quot; one senior official directly involved in drafting the budget told Reuters. </p><p style="text-align: justify">Modi will be sworn in on Monday, and is widely expected to name close ally Arun Jaitely as finance minister. The revised budget is due to be presented to parliament in early July. </p>                                                           
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                            <div style="text-align: justify">-Reuters</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>NEW DELHI: </em>The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. </p><p style="text-align: justify">Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and save Rs 250 billion ($4 billion) in borrowing. </p><p style="text-align: justify">They said the proposal, to be presented to the country's next finance minister, would create room to narrow the deficit by up to 0.3 percentage points from the 4.1% of gross domestic product now budgeted. </p><p style="text-align: justify">Investors and ratings agencies have given Modi's pro-growth agenda a vote of confidence, but have expressed concerns that sluggish growth could cause the fiscal arithmetic in the previous government's interim budget to unravel. </p><p style="text-align: justify">The view from the permanent staff at the finance ministry is, however, that there is actually scope to trim the deficit and no need to let it slip - a risky move that could put India at the risk of a cut in its investment-grade sovereign rating. </p><p style="text-align: justify">&quot;The fiscal deficit can surely be brought down to at least 3.8 or 3.9% as there is enough scope to cut down wasteful expenditure,&quot; one senior official directly involved in drafting the budget told Reuters. </p><p style="text-align: justify">Modi will be sworn in on Monday, and is widely expected to name close ally Arun Jaitely as finance minister. The revised budget is due to be presented to parliament in early July. </p>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/Officials-shape-plan-to-cut-spending-deficit-Sources/articleshow/35474788.cms" class="re" target="_blank">The Times of India, 22 May, 2014, http://timesofindia.indiatimes.com/business/india-business/Officials-shape-plan-to-cut-spending-deficit-Sources/articleshow/35474788.cms</a><div class="clear"></div>
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Home हिन्दी

Officials shape plan to cut spending, deficit: Sources

Published on May 22, 2014   Modified on May 22, 2014

-Reuters   NEW DELHI: The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and save Rs 250 billion ($4 billion) in borrowing. They said the proposal, to be presented to the country's next finance minister, would create room to narrow the deficit by up to 0.3 percentage points from the 4.1% of gross domestic product now budgeted. Investors and ratings agencies have given Modi's pro-growth agenda a vote of confidence, but have expressed concerns that sluggish growth could cause the fiscal arithmetic in the previous government's interim budget to unravel. The view from the permanent staff at the finance ministry is, however, that there is actually scope to trim the deficit and no need to let it slip - a risky move that could put India at the risk of a cut in its investment-grade sovereign rating. "The fiscal deficit can surely be brought down to at least 3.8 or 3.9% as there is enough scope to cut down wasteful expenditure," one senior official directly involved in drafting the budget told Reuters. Modi will be sworn in on Monday, and is widely expected to name close ally Arun Jaitely as finance minister. The revised budget is due to be presented to parliament in early July.

The Times of India, 22 May, 2014, http://timesofindia.indiatimes.com/business/india-business/Officials-shape-plan-to-cut-spending-deficit-Sources/articleshow/35474788.cms

Tagged with: fiscal deficit Budget Social Welfare

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