Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Punjab: High debt level, at Rs 1.25L crore, a major challenge for new government    </title>
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-The Indian Express

One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such..."/>
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-The Indian Express

One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such..." />
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                            <div align="justify">-The Indian Express<br /><br />One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time.<br /><br />Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab&rsquo;s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state&rsquo;s borrowings have steadily risen over the years.<br /><br />According to the RBI report on study of state government budgets, Punjab&rsquo;s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16.<br /><br />The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure.<br /><br />Please <a href="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/" title="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br />One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time.<br /><br />Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab&rsquo;s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state&rsquo;s borrowings have steadily risen over the years.<br /><br />According to the RBI report on study of state government budgets, Punjab&rsquo;s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16.<br /><br />The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure.<br /><br />Please <a href="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/" title="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Punjab: High debt level, at Rs 1.25L crore, a major challenge for new government</h1>
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                            <div align="justify">-The Indian Express<br /><br />One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time.<br /><br />Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab&rsquo;s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state&rsquo;s borrowings have steadily risen over the years.<br /><br />According to the RBI report on study of state government budgets, Punjab&rsquo;s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16.<br /><br />The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure.<br /><br />Please <a href="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/" title="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/">click here</a> to read more. <br /></div>                                                           
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Punjab: High debt level, at Rs 1.25L crore, a major challenge for new government

Published on Mar 13, 2017   Modified on Mar 13, 2017

-The Indian Express One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year’s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time. Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab’s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state’s borrowings have steadily risen over the years. According to the RBI report on study of state government budgets, Punjab’s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16. The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure. Please click here to read more.

The Indian Express, 13 March, 2017, http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/

Tagged with: Debt-to-GSDP ratio Public Debt punjab

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