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\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
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')) {

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        LATEST NEWS UPDATES | With savings rate falling, phasing out exemptions may hit it harder -Udit Misra    </title>
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                            <div align="justify">-The Indian Express<br /><br /><em>The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes.<br /></em><br />The government&rsquo;s plan to gradually get rid of all exemptions and deductions under the personal income tax regime &mdash; in a bid to provide lower taxes and a simplified tax architecture as well as to boost consumption &mdash; will almost certainly hurt the already falling rate of savings rate in the Indian economy.<br /><br />What&rsquo;s more, several sectors such as the cash-strapped real estate sector, as well as insurance sector, are also likely to feel an adverse impact of the move in which Union Finance Minister Nirmala Sitharaman offered an alternative income tax regime bereft of all exemptions and deductions but with lower income tax rates.<br /><br />Please <a href="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw" title="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes.<br /></em><br />The government&rsquo;s plan to gradually get rid of all exemptions and deductions under the personal income tax regime &mdash; in a bid to provide lower taxes and a simplified tax architecture as well as to boost consumption &mdash; will almost certainly hurt the already falling rate of savings rate in the Indian economy.<br /><br />What&rsquo;s more, several sectors such as the cash-strapped real estate sector, as well as insurance sector, are also likely to feel an adverse impact of the move in which Union Finance Minister Nirmala Sitharaman offered an alternative income tax regime bereft of all exemptions and deductions but with lower income tax rates.<br /><br />Please <a href="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw" title="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes.<br /></em><br />The government&rsquo;s plan to gradually get rid of all exemptions and deductions under the personal income tax regime &mdash; in a bid to provide lower taxes and a simplified tax architecture as well as to boost consumption &mdash; will almost certainly hurt the already falling rate of savings rate in the Indian economy.<br /><br />What&rsquo;s more, several sectors such as the cash-strapped real estate sector, as well as insurance sector, are also likely to feel an adverse impact of the move in which Union Finance Minister Nirmala Sitharaman offered an alternative income tax regime bereft of all exemptions and deductions but with lower income tax rates.<br /><br />Please <a href="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw" title="https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18VaS8qUiiH7R2bg81f5x93c52QMlvJW1kVb0hYA93rlV1JaIhnSbQ5pw">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

With savings rate falling, phasing out exemptions may hit it harder -Udit Misra

Published on Feb 5, 2020   Modified on Feb 5, 2020

-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as to boost consumption — will almost certainly hurt the already falling rate of savings rate in the Indian economy. What’s more, several sectors such as the cash-strapped real estate sector, as well as insurance sector, are also likely to feel an adverse impact of the move in which Union Finance Minister Nirmala Sitharaman offered an alternative income tax regime bereft of all exemptions and deductions but with lower income tax rates. Please click here to read more.

The Indian Express, 4 February, 2020, https://indianexpress.com/article/business/budget/budget-2020-income-tax-with-savings-rate-falling-phasing-out-exemptions-may-hit-it-harder6249704/?fbclid=IwAR18V

Tagged with: Savings rate Economic Growth Union Budget Union Budget 2020-21

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