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: 73 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);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 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 88 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: 74 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);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 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 88 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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-trace').style.display = (document.getElementById('cakeErr68035b066a519-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68035b066a519-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-code').style.display = (document.getElementById('cakeErr68035b066a519-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-context').style.display = (document.getElementById('cakeErr68035b066a519-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68035b066a519-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr68035b066a519-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 39681, 'metaTitle' => 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'metaKeywords' => 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn', 'metaDesc' => ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 39681 $metaTitle = 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer' $metaKeywords = 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn' $metaDesc = ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer | Im4change.org</title> <meta name="description" content=" -The Indian Express The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />“The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /><br />“There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68035b066a519-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-code').style.display = (document.getElementById('cakeErr68035b066a519-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-context').style.display = (document.getElementById('cakeErr68035b066a519-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68035b066a519-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr68035b066a519-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 39681, 'metaTitle' => 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'metaKeywords' => 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn', 'metaDesc' => ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 39681 $metaTitle = 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer' $metaKeywords = 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn' $metaDesc = ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer | Im4change.org</title> <meta name="description" content=" -The Indian Express The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />“The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /><br />“There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68035b066a519-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-code').style.display = (document.getElementById('cakeErr68035b066a519-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68035b066a519-context').style.display = (document.getElementById('cakeErr68035b066a519-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68035b066a519-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr68035b066a519-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 39681, 'metaTitle' => 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'metaKeywords' => 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn', 'metaDesc' => ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> &ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /> <br /> &ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 39681 $metaTitle = 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer' $metaKeywords = 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn' $metaDesc = ' -The Indian Express The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister&rsquo;s...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister&rsquo;s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />&ldquo;The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,&rdquo; Debroy told The Indian Express in an interview last week. The Prime Minister&rsquo;s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, &ldquo;This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.&rdquo;<br /><br />&ldquo;There are questions within the PM EAC on whether the slowdown is &lsquo;cyclical&rsquo; or &lsquo;structural&rsquo; in nature,&rdquo; Debroy said, but advised against widening the fiscal deficit. &ldquo;If I just look at it from an academic point of view, I&rsquo;d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.&rdquo;<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. &ldquo;A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,&rdquo; Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer | Im4change.org</title> <meta name="description" content=" -The Indian Express The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />“The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /><br />“There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /> <br /> “There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. 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The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /><br />“There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 39681, 'title' => 'PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /> </em><br /> With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /> <br /> “The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /> <br /> Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /> <br /> “There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /> <br /> Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /> <br /> Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /> <br /> Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 19 August, 2019, https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-p-vaidyanathan-iyer-4687813', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4687813, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 39681 $metaTitle = 'LATEST NEWS UPDATES | PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer' $metaKeywords = 'fiscal deficit,Goods and Services Tax,GST,GST rates,Economic Slowdown,Economic Downturn' $metaDesc = ' -The Indian Express The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. <br /></em><br />With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact.<br /><br />“The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now.<br /><br />Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.”<br /><br />“There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.”<br /><br />Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said.<br /><br />Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/" title="https://indianexpress.com/article/business/economy/pm-economic-advisory-council-need-to-set-up-gst-council-like-body-for-public-spending-5915850/">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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PM Economic Advisory Council: Need to set up GST Council-like body for public spending -P Vaidyanathan Iyer |
-The Indian Express
The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. With the economy on a continuous slide, the Prime Minister’s Economic Advisory Council Chairman Bibek Debroy said it is high time the government focused on expenditure and recommended a GST Council-like mechanism for the Centre and states to strategise on public expenditure for maximum impact. “The key question today is whether we are on a 7% GDP growth rate trend, or a 6% trend,” Debroy told The Indian Express in an interview last week. The Prime Minister’s Office and the Finance Minister have been meeting various stakeholders over the last week to discuss the slowdown which is adversely impacting various sectors now. Pointing to the phenomenal success of the GST Council as a decision-making body, he said, “This (GST Council) was about indirect taxes. Time has now come for a similar body on public expenditure to do exactly what the GST Council did for taxes. This body should decide on what should be public expenditure.” “There are questions within the PM EAC on whether the slowdown is ‘cyclical’ or ‘structural’ in nature,” Debroy said, but advised against widening the fiscal deficit. “If I just look at it from an academic point of view, I’d probably say, yes, to expanding the fisc. But looking at the past, the moment you open the tap, there is no controlling it.” Elaborating on government expenditure, Debroy said there are limits to public expenditure because there are fiscal consolidation issues. But focused and strategic expenditure by the Centre and states together could yield efficiency gains, he said. Some aspects the government can address on the tax side include streamlining and harmonisation of GST rates, and reduction in direct tax rates, the PM EAC Chairman said. “A lot can be done on GST. As an economist, I would argue, there should be a single GST rate. In practice, it is impossible. No country in the world has a single GST rate. From a pragmatic point of view, we must have three GST rates. For illustrative purposes, say 6%, 12% and 18%. Everyone wants the 24% to come down to 18%, but no one wants the items under 0% to come under 6%,” Debroy said. Please click here to read more. |