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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\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 {
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        LATEST NEWS UPDATES | Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar    </title>
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-The Indian Express

To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to..."/>
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To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states&rsquo; fiscal deficits. <br /></em><br />There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax devolution, are likely to fall well short of their budget estimates for 2019-20. This may result in large fiscal slippages or cutbacks in expenditure at the state level towards the end of this financial year. The latter is a risk for the economic growth outlook of the country, and for the liquidity position of corporates that are engaged in projects at the state level.<br /><br />Tax revenues earned by state governments are classified as own tax revenues and devolution of central taxes. Own tax revenues of the states are now dominated by SGST, which is budgeted to account for over 40 per cent of the states&rsquo; own tax revenues in FY20, while tax devolution to states is governed by the formulae prescribed by successive Finance Commissions, and takes its cue from the actual collections of the central government.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg" title="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-O" class="re" target="_blank">The Indian Express, 4 October, 2019, https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-O</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states&rsquo; fiscal deficits. <br /></em><br />There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax devolution, are likely to fall well short of their budget estimates for 2019-20. This may result in large fiscal slippages or cutbacks in expenditure at the state level towards the end of this financial year. The latter is a risk for the economic growth outlook of the country, and for the liquidity position of corporates that are engaged in projects at the state level.<br /><br />Tax revenues earned by state governments are classified as own tax revenues and devolution of central taxes. Own tax revenues of the states are now dominated by SGST, which is budgeted to account for over 40 per cent of the states&rsquo; own tax revenues in FY20, while tax devolution to states is governed by the formulae prescribed by successive Finance Commissions, and takes its cue from the actual collections of the central government.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg" title="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states&rsquo; fiscal deficits. <br /></em><br />There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax devolution, are likely to fall well short of their budget estimates for 2019-20. This may result in large fiscal slippages or cutbacks in expenditure at the state level towards the end of this financial year. The latter is a risk for the economic growth outlook of the country, and for the liquidity position of corporates that are engaged in projects at the state level.<br /><br />Tax revenues earned by state governments are classified as own tax revenues and devolution of central taxes. Own tax revenues of the states are now dominated by SGST, which is budgeted to account for over 40 per cent of the states&rsquo; own tax revenues in FY20, while tax devolution to states is governed by the formulae prescribed by successive Finance Commissions, and takes its cue from the actual collections of the central government.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg" title="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-OctvLgnKGaBHH_NH6wRPj9tmg">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-O" class="re" target="_blank">The Indian Express, 4 October, 2019, https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-O</a><div class="clear"></div>
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Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar

Published on Oct 5, 2019   Modified on Oct 5, 2019

-The Indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax devolution, are likely to fall well short of their budget estimates for 2019-20. This may result in large fiscal slippages or cutbacks in expenditure at the state level towards the end of this financial year. The latter is a risk for the economic growth outlook of the country, and for the liquidity position of corporates that are engaged in projects at the state level. Tax revenues earned by state governments are classified as own tax revenues and devolution of central taxes. Own tax revenues of the states are now dominated by SGST, which is budgeted to account for over 40 per cent of the states’ own tax revenues in FY20, while tax devolution to states is governed by the formulae prescribed by successive Finance Commissions, and takes its cue from the actual collections of the central government. Please click here to read more.

The Indian Express, 4 October, 2019, https://indianexpress.com/article/opinion/columns/gst-collections-nirmala-sitharaman-gst-fruad-indian-economy-6052417/?fbclid=IwAR3uuCFwUBY3IUVbCrTmrrI9YBwrEpHRY-O

Tagged with: Goods and Services Tax fiscal deficit GST SGST State Goods and Services Tax

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