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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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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
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole    </title>
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The trend across developing countries is to give State governments as much discretion as possible

India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India..."/>
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The trend across developing countries is to give State governments as much discretion as possible

India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India..." />
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    <h1 class="cat-box-title">India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The trend across developing countries is to give State governments as much discretion as possible</em></p><p style="text-align:justify">India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP.</p><p style="text-align:justify">While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief adds around 0.2%, making the total 1% of GDP. Indonesia, Bangladesh, Pakistan, and Vietnam have spent much more.</p><p style="text-align:justify">Things are moving fast. Only a week ago, India was in the same range as Bangladesh and Vietnam. While there are important differences across countries, including historical and political-economic factors, mode of fiscal policy, as well as the extent of COVID-19 spread, a comparison of fiscal responses helps illustrate lessons that can be shared across developing countries. Here, we compare support extended to informal workers, small enterprises and specifically affected sectors. We also look at modes of financing at the national and sub-national levels.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece" title="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The trend across developing countries is to give State governments as much discretion as possible</em></p><p style="text-align:justify">India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP.</p><p style="text-align:justify">While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief adds around 0.2%, making the total 1% of GDP. Indonesia, Bangladesh, Pakistan, and Vietnam have spent much more.</p><p style="text-align:justify">Things are moving fast. Only a week ago, India was in the same range as Bangladesh and Vietnam. While there are important differences across countries, including historical and political-economic factors, mode of fiscal policy, as well as the extent of COVID-19 spread, a comparison of fiscal responses helps illustrate lessons that can be shared across developing countries. Here, we compare support extended to informal workers, small enterprises and specifically affected sectors. We also look at modes of financing at the national and sub-national levels.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece" title="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole    </title>
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The trend across developing countries is to give State governments as much discretion as possible

India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India..."/>
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The trend across developing countries is to give State governments as much discretion as possible

India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India..." />
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    <h1 class="cat-box-title">India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The trend across developing countries is to give State governments as much discretion as possible</em></p><p style="text-align:justify">India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP.</p><p style="text-align:justify">While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief adds around 0.2%, making the total 1% of GDP. Indonesia, Bangladesh, Pakistan, and Vietnam have spent much more.</p><p style="text-align:justify">Things are moving fast. Only a week ago, India was in the same range as Bangladesh and Vietnam. While there are important differences across countries, including historical and political-economic factors, mode of fiscal policy, as well as the extent of COVID-19 spread, a comparison of fiscal responses helps illustrate lessons that can be shared across developing countries. Here, we compare support extended to informal workers, small enterprises and specifically affected sectors. We also look at modes of financing at the national and sub-national levels.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece" title="https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece">click here</a> to read more.</p>                                                           
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Home हिन्दी

India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole

Published on Apr 18, 2020   Modified on Jul 22, 2020

-The Hindu The trend across developing countries is to give State governments as much discretion as possible India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP. While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief adds around 0.2%, making the total 1% of GDP. Indonesia, Bangladesh, Pakistan, and Vietnam have spent much more. Things are moving fast. Only a week ago, India was in the same range as Bangladesh and Vietnam. While there are important differences across countries, including historical and political-economic factors, mode of fiscal policy, as well as the extent of COVID-19 spread, a comparison of fiscal responses helps illustrate lessons that can be shared across developing countries. Here, we compare support extended to informal workers, small enterprises and specifically affected sectors. We also look at modes of financing at the national and sub-national levels. Please click here to read more.

The Hindu, 18 April, 2020, https://www.thehindu.com/opinion/op-ed/comment-india-must-enhance-fiscal-support-for-covid-19-relief-and-rebuilding/article31373123.ece

Tagged with: Economic Stimulus Fiscal Stimulus Lockdown Covid-19 MSMEs Micros Small and Medium Enterprises Fiscal Responsibility and Budget Management Act FRBM Act Debt-to-GDP Ratio

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