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
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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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
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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
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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 | ‘Plan mindset must be replaced with development idea’    </title>
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Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show..."/>
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                            <div align="justify">-The Hindu Business Line</div><p align="justify"><em>Chennai: </em>The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI.</p><p align="justify">Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy said it was essential to delink Plan outlays from classifications in Budget documents and accounts. &quot;This will facilitate assessment, scrutiny and approval of all expenditures in a sector or activity or department in a comprehensive manner, and not only incrementally,&quot; he said.</p><p align="justify">The Plan mindset should be replaced with a development mindset, of which government budgets are one element, he said.</p><p align="justify"><em>New paradigm</em></p><p align="justify">The Commission's recommendations are meant to change the fiscal relations between the Centre and States. First, the Constitution does not confer overriding responsibilities to national governments on the economic and fiscal management of State governments, he said.</p><p align="justify">Every tier of government should be regarded as equally accountable and responsible for the functions assigned to it. At the same time, existence of overlapping responsibilities should be recognised and mechanisms put in place for their discharge, said Reddy.</p><p align="justify">Clarity with regard to respective jurisdictions, including overlapping responsibilities, will add to healthy Centre-State relations. He said State governments, being closer to the people, have an increasingly important role to play in view of the greater fiscal freedom that has been accorded to them.</p><p align="justify">The quality and credibility of fiscal management requires to be critically examined, he said. In this regard, the relationships between government, public enterprises and regulators are still treated with a &lsquo;joint family approach', where contributions, burdens and financial linkages are seldom clearly accounted for.</p><p align="justify"><em>Bigger role for States</em></p><p align="justify">On the way forward, it may be appropriate to consider inter-state exchange of information and even expertise on public fiscal management and public expenditure, said the former RBI governor.</p><p align="justify">&quot;States will have a critical role to play in maintaining growth momentum at a time when the Union Government will be focusing on fiscal consolidation.&quot;</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 16 March, 2015, http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">‘Plan mindset must be replaced with development idea’</h1>
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                            <div align="justify">-The Hindu Business Line</div><p align="justify"><em>Chennai: </em>The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI.</p><p align="justify">Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy said it was essential to delink Plan outlays from classifications in Budget documents and accounts. &quot;This will facilitate assessment, scrutiny and approval of all expenditures in a sector or activity or department in a comprehensive manner, and not only incrementally,&quot; he said.</p><p align="justify">The Plan mindset should be replaced with a development mindset, of which government budgets are one element, he said.</p><p align="justify"><em>New paradigm</em></p><p align="justify">The Commission's recommendations are meant to change the fiscal relations between the Centre and States. First, the Constitution does not confer overriding responsibilities to national governments on the economic and fiscal management of State governments, he said.</p><p align="justify">Every tier of government should be regarded as equally accountable and responsible for the functions assigned to it. At the same time, existence of overlapping responsibilities should be recognised and mechanisms put in place for their discharge, said Reddy.</p><p align="justify">Clarity with regard to respective jurisdictions, including overlapping responsibilities, will add to healthy Centre-State relations. He said State governments, being closer to the people, have an increasingly important role to play in view of the greater fiscal freedom that has been accorded to them.</p><p align="justify">The quality and credibility of fiscal management requires to be critically examined, he said. In this regard, the relationships between government, public enterprises and regulators are still treated with a &lsquo;joint family approach', where contributions, burdens and financial linkages are seldom clearly accounted for.</p><p align="justify"><em>Bigger role for States</em></p><p align="justify">On the way forward, it may be appropriate to consider inter-state exchange of information and even expertise on public fiscal management and public expenditure, said the former RBI governor.</p><p align="justify">&quot;States will have a critical role to play in maintaining growth momentum at a time when the Union Government will be focusing on fiscal consolidation.&quot;</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 16 March, 2015, http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">‘Plan mindset must be replaced with development idea’</h1>
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                            <div align="justify">-The Hindu Business Line</div><p align="justify"><em>Chennai: </em>The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI.</p><p align="justify">Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy said it was essential to delink Plan outlays from classifications in Budget documents and accounts. &quot;This will facilitate assessment, scrutiny and approval of all expenditures in a sector or activity or department in a comprehensive manner, and not only incrementally,&quot; he said.</p><p align="justify">The Plan mindset should be replaced with a development mindset, of which government budgets are one element, he said.</p><p align="justify"><em>New paradigm</em></p><p align="justify">The Commission's recommendations are meant to change the fiscal relations between the Centre and States. First, the Constitution does not confer overriding responsibilities to national governments on the economic and fiscal management of State governments, he said.</p><p align="justify">Every tier of government should be regarded as equally accountable and responsible for the functions assigned to it. At the same time, existence of overlapping responsibilities should be recognised and mechanisms put in place for their discharge, said Reddy.</p><p align="justify">Clarity with regard to respective jurisdictions, including overlapping responsibilities, will add to healthy Centre-State relations. He said State governments, being closer to the people, have an increasingly important role to play in view of the greater fiscal freedom that has been accorded to them.</p><p align="justify">The quality and credibility of fiscal management requires to be critically examined, he said. In this regard, the relationships between government, public enterprises and regulators are still treated with a &lsquo;joint family approach', where contributions, burdens and financial linkages are seldom clearly accounted for.</p><p align="justify"><em>Bigger role for States</em></p><p align="justify">On the way forward, it may be appropriate to consider inter-state exchange of information and even expertise on public fiscal management and public expenditure, said the former RBI governor.</p><p align="justify">&quot;States will have a critical role to play in maintaining growth momentum at a time when the Union Government will be focusing on fiscal consolidation.&quot;</p><p align="justify">&nbsp;</p>                                                           
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    <br><a href="http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 16 March, 2015, http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true</a><div class="clear"></div>
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‘Plan mindset must be replaced with development idea’

Published on Mar 17, 2015   Modified on Mar 17, 2015

-The Hindu Business Line Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI. Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy said it was essential to delink Plan outlays from classifications in Budget documents and accounts. "This will facilitate assessment, scrutiny and approval of all expenditures in a sector or activity or department in a comprehensive manner, and not only incrementally," he said. The Plan mindset should be replaced with a development mindset, of which government budgets are one element, he said. New paradigm The Commission's recommendations are meant to change the fiscal relations between the Centre and States. First, the Constitution does not confer overriding responsibilities to national governments on the economic and fiscal management of State governments, he said. Every tier of government should be regarded as equally accountable and responsible for the functions assigned to it. At the same time, existence of overlapping responsibilities should be recognised and mechanisms put in place for their discharge, said Reddy. Clarity with regard to respective jurisdictions, including overlapping responsibilities, will add to healthy Centre-State relations. He said State governments, being closer to the people, have an increasingly important role to play in view of the greater fiscal freedom that has been accorded to them. The quality and credibility of fiscal management requires to be critically examined, he said. In this regard, the relationships between government, public enterprises and regulators are still treated with a ‘joint family approach', where contributions, burdens and financial linkages are seldom clearly accounted for. Bigger role for States On the way forward, it may be appropriate to consider inter-state exchange of information and even expertise on public fiscal management and public expenditure, said the former RBI governor. "States will have a critical role to play in maintaining growth momentum at a time when the Union Government will be focusing on fiscal consolidation."

The Hindu Business Line, 16 March, 2015, http://www.thehindubusinessline.com/economy/policy/plan-mindset-must-be-replaced-with-development-idea/article7000108.ece?homepage=true

Tagged with: 14th Finance Commission Devolution of Tax Revenue

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