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
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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 | The Mystery Of The &#039;Missing&#039; Rs. 1.7 Lakh Crore In India&#039;s Budget -Sreenivasan Jain    </title>
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-NDTV

Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts.

The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory..."/>
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Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts.

The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory..." />
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    <h1 class="cat-box-title">The Mystery Of The &#039;Missing&#039; Rs. 1.7 Lakh Crore In India&#039;s Budget -Sreenivasan Jain</h1>
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                            <div align="justify">-NDTV<br /><br />Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts.<br /><br />The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government has earned, is a percentage point lower in the Survey than cited in the Budget.<br /><br />That percentage point amounts to a whopping Rs. 1.7 lakh crore, a massive shortfall in earnings.<br /><br />The Budget uses what is called the Revised Estimates (RE), a projection of how much the government was expected to earn, while the Economic Survey uses what is known as provisional actuals (PA), an updated, more accurate estimate of government accounts.<br /><br />The Revised Estimates used in the Budget show earnings of Rs. 17.3 lakh crore in 2018-19, while the updated, provisional accounts in the Economic Survey show that the government has earned far less, Rs. 15.6 lakh crore, a shortfall of Rs. 1.7 lakh crore.<br /><br />In percentage terms (total revenue as percentage of GDP), the Revised Estimate in the Budget pegs the figure at 9.2 per cent, while the updated number in the Economic Survey shows this as a whole percentage point lower at 8.2 per cent.<br /><br />Please <a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" title="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" class="re" target="_blank">NDTV, 9 July, 2019, https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524</a><div class="clear"></div>
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    <h1 class="cat-box-title">The Mystery Of The &#039;Missing&#039; Rs. 1.7 Lakh Crore In India&#039;s Budget -Sreenivasan Jain</h1>
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                            <div align="justify">-NDTV<br /><br />Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts.<br /><br />The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government has earned, is a percentage point lower in the Survey than cited in the Budget.<br /><br />That percentage point amounts to a whopping Rs. 1.7 lakh crore, a massive shortfall in earnings.<br /><br />The Budget uses what is called the Revised Estimates (RE), a projection of how much the government was expected to earn, while the Economic Survey uses what is known as provisional actuals (PA), an updated, more accurate estimate of government accounts.<br /><br />The Revised Estimates used in the Budget show earnings of Rs. 17.3 lakh crore in 2018-19, while the updated, provisional accounts in the Economic Survey show that the government has earned far less, Rs. 15.6 lakh crore, a shortfall of Rs. 1.7 lakh crore.<br /><br />In percentage terms (total revenue as percentage of GDP), the Revised Estimate in the Budget pegs the figure at 9.2 per cent, while the updated number in the Economic Survey shows this as a whole percentage point lower at 8.2 per cent.<br /><br />Please <a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" title="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" class="re" target="_blank">NDTV, 9 July, 2019, https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524</a><div class="clear"></div>
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    <h1 class="cat-box-title">The Mystery Of The &#039;Missing&#039; Rs. 1.7 Lakh Crore In India&#039;s Budget -Sreenivasan Jain</h1>
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                            <div align="justify">-NDTV<br /><br />Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts.<br /><br />The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government has earned, is a percentage point lower in the Survey than cited in the Budget.<br /><br />That percentage point amounts to a whopping Rs. 1.7 lakh crore, a massive shortfall in earnings.<br /><br />The Budget uses what is called the Revised Estimates (RE), a projection of how much the government was expected to earn, while the Economic Survey uses what is known as provisional actuals (PA), an updated, more accurate estimate of government accounts.<br /><br />The Revised Estimates used in the Budget show earnings of Rs. 17.3 lakh crore in 2018-19, while the updated, provisional accounts in the Economic Survey show that the government has earned far less, Rs. 15.6 lakh crore, a shortfall of Rs. 1.7 lakh crore.<br /><br />In percentage terms (total revenue as percentage of GDP), the Revised Estimate in the Budget pegs the figure at 9.2 per cent, while the updated number in the Economic Survey shows this as a whole percentage point lower at 8.2 per cent.<br /><br />Please <a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" title="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524" class="re" target="_blank">NDTV, 9 July, 2019, https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524</a><div class="clear"></div>
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The Mystery Of The 'Missing' Rs. 1.7 Lakh Crore In India's Budget -Sreenivasan Jain

Published on Jul 10, 2019   Modified on Jul 10, 2019

-NDTV Three days after the Union Budget was presented, questions have surfaced over a nearly Rs. 2 lakh crore 'fiscal hole' in India's financial accounts. The anomaly was first picked up by Rathin Roy, a member of the Prime Minister's Economic Advisory Council. Writing in the Business Standard, he studied both the Economic Survey and the Budget and found that the revenue estimates for 2018-19, in other words how much the government has earned, is a percentage point lower in the Survey than cited in the Budget. That percentage point amounts to a whopping Rs. 1.7 lakh crore, a massive shortfall in earnings. The Budget uses what is called the Revised Estimates (RE), a projection of how much the government was expected to earn, while the Economic Survey uses what is known as provisional actuals (PA), an updated, more accurate estimate of government accounts. The Revised Estimates used in the Budget show earnings of Rs. 17.3 lakh crore in 2018-19, while the updated, provisional accounts in the Economic Survey show that the government has earned far less, Rs. 15.6 lakh crore, a shortfall of Rs. 1.7 lakh crore. In percentage terms (total revenue as percentage of GDP), the Revised Estimate in the Budget pegs the figure at 9.2 per cent, while the updated number in the Economic Survey shows this as a whole percentage point lower at 8.2 per cent. Please click here to read more.

NDTV, 9 July, 2019, https://www.ndtv.com/business/the-mystery-of-the-missing-rs-1-7-lakh-crore-in-indias-budget-2066524

Tagged with: Union Budget economic survey fiscal deficit

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