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
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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
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
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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

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 | Why Centre’s Stance on GST Compensation is Utterly Bizarre -Prabhat Patnaik    </title>
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Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.

When the Goods and Services Tax (GST) was introduced, and states virtually gave up the..."/>
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Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.

When the Goods and Services Tax (GST) was introduced, and states virtually gave up the..." />
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    <h1 class="cat-box-title">Why Centre’s Stance on GST Compensation is Utterly Bizarre -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.</em></p><p style="text-align:justify">When the Goods and Services Tax (GST) was introduced, and states virtually gave up the power to levy indirect taxes which they had enjoyed under the Constitution, the Centre had solemnly promised that it would compensate them for five years for any revenue shortfall arising from the shift to GST.</p><p style="text-align:justify">The shortfall was to be assessed relative to what revenue should have been, assuming a 14% rate of growth. It is this promise which had persuaded many states to fall in line behind the GST. And Parliament had enacted the GST (Compensation to States) Act 2017 to legalise this promise.</p><p style="text-align:justify">The, GST, however has been singularly unsuccessful in garnering revenue, partly because of its own infirmities and partly because of the slowing down of GDP (gross domestic product) growth. Likewise, the GST cess, which is supposed to finance the compensation payment to states, has also failed to garner adequate revenue. While the states&rsquo; revenue growth, therefore, has been sluggish and hence the need for compensation, particularly large and urgent, the fund out of which such compensation is to be paid has also shown sluggish growth.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI" title="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI">click here</a> to read more.</p>                                                           
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Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.

When the Goods and Services Tax (GST) was introduced, and states virtually gave up the..."/>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.</em></p><p style="text-align:justify">When the Goods and Services Tax (GST) was introduced, and states virtually gave up the power to levy indirect taxes which they had enjoyed under the Constitution, the Centre had solemnly promised that it would compensate them for five years for any revenue shortfall arising from the shift to GST.</p><p style="text-align:justify">The shortfall was to be assessed relative to what revenue should have been, assuming a 14% rate of growth. It is this promise which had persuaded many states to fall in line behind the GST. And Parliament had enacted the GST (Compensation to States) Act 2017 to legalise this promise.</p><p style="text-align:justify">The, GST, however has been singularly unsuccessful in garnering revenue, partly because of its own infirmities and partly because of the slowing down of GDP (gross domestic product) growth. Likewise, the GST cess, which is supposed to finance the compensation payment to states, has also failed to garner adequate revenue. While the states&rsquo; revenue growth, therefore, has been sluggish and hence the need for compensation, particularly large and urgent, the fund out of which such compensation is to be paid has also shown sluggish growth.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI" title="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI">click here</a> to read more.</p>                                                           
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Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.

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    <h1 class="cat-box-title">Why Centre’s Stance on GST Compensation is Utterly Bizarre -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>Finance Minister Nirmala Sitharaman invoking &lsquo;Act of God&rsquo; to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic.</em></p><p style="text-align:justify">When the Goods and Services Tax (GST) was introduced, and states virtually gave up the power to levy indirect taxes which they had enjoyed under the Constitution, the Centre had solemnly promised that it would compensate them for five years for any revenue shortfall arising from the shift to GST.</p><p style="text-align:justify">The shortfall was to be assessed relative to what revenue should have been, assuming a 14% rate of growth. It is this promise which had persuaded many states to fall in line behind the GST. And Parliament had enacted the GST (Compensation to States) Act 2017 to legalise this promise.</p><p style="text-align:justify">The, GST, however has been singularly unsuccessful in garnering revenue, partly because of its own infirmities and partly because of the slowing down of GDP (gross domestic product) growth. Likewise, the GST cess, which is supposed to finance the compensation payment to states, has also failed to garner adequate revenue. While the states&rsquo; revenue growth, therefore, has been sluggish and hence the need for compensation, particularly large and urgent, the fund out of which such compensation is to be paid has also shown sluggish growth.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI" title="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI" class="re" target="_blank">Newsclick.in, 4 September, 2020, https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI</a><div class="clear"></div>
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Why Centre’s Stance on GST Compensation is Utterly Bizarre -Prabhat Patnaik

Published on Sep 4, 2020   Modified on Sep 7, 2020

-Newsclick.in Finance Minister Nirmala Sitharaman invoking ‘Act of God’ to deny states their promised dues, not only violates an Act of Parliament but also defies economic logic. When the Goods and Services Tax (GST) was introduced, and states virtually gave up the power to levy indirect taxes which they had enjoyed under the Constitution, the Centre had solemnly promised that it would compensate them for five years for any revenue shortfall arising from the shift to GST. The shortfall was to be assessed relative to what revenue should have been, assuming a 14% rate of growth. It is this promise which had persuaded many states to fall in line behind the GST. And Parliament had enacted the GST (Compensation to States) Act 2017 to legalise this promise. The, GST, however has been singularly unsuccessful in garnering revenue, partly because of its own infirmities and partly because of the slowing down of GDP (gross domestic product) growth. Likewise, the GST cess, which is supposed to finance the compensation payment to states, has also failed to garner adequate revenue. While the states’ revenue growth, therefore, has been sluggish and hence the need for compensation, particularly large and urgent, the fund out of which such compensation is to be paid has also shown sluggish growth. Please click here to read more.

Newsclick.in, 4 September, 2020, https://www.newsclick.in/Centre-Stance-GST-Compensation-Utterly-Bizarre?fbclid=IwAR16pzng9gZNrev_rGjTmZM5-V5l9lmUQ6_OmP7CRmC0Wz1fELsiVvKRisI

Tagged with: GST Compensation Goods and Services Tax GST Revenue Repo Rate Reserve Bank of India Monetisation of Deficit Cooperative Federalism

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