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LATEST NEWS UPDATES | Minimum Rs 6000 a month to 20% of India's poorest: Congress pollitics -Manoj CG

Minimum Rs 6000 a month to 20% of India's poorest: Congress pollitics -Manoj CG

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published Published on Mar 26, 2019   modified Modified on Mar 26, 2019
-The Indian Express

After a meeting of the Congress Working Committee which approved the draft manifesto, Rahul said the Nyunatam Aay Yojana (Nyay) scheme was a “ground breaking idea’ and would mark the beginning of the final assault on poverty.

CONGRESS PRESIDENT Rahul Gandhi Monday said if his party was voted to power, its government would roll out a minimum income scheme guaranteeing Rs 72,000 a year to the bottom most or poorest 20 per cent of households. The scheme will likely entail an expenditure of Rs 3,60,000 crore a year given that there are roughly 25 crore households, with five crore in the ‘poorest’ category.

After a meeting of the Congress Working Committee which approved the draft manifesto, Rahul said the Nyunatam Aay Yojana (Nyay) scheme was a “ground breaking idea’ and would mark the beginning of the final assault on poverty.

“Five crore families and 25 crore people will directly benefit (from Nyay). No family in India should earn below Rs 12,000 a month. That, we believe, should be the line of minimum income,” Rahul said. It would be a “fiscally prudent” scheme, he added.

Former Finance Minister and head of the Manifesto Committee P Chidambaram said the party had consulted economists. “…this is doable, and we will adhere to fiscal discipline.” To a question on the cost — estimated to be 1.5 per cent of GDP — Nyay would impose on the exchequer, he said, “This is a manifesto promise. Details will be in the scheme approved by government.”

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The Indian Express, 26 March, 2019, https://indianexpress.com/elections/universal-basic-income-congress-lok-sabha-elections-rahul-gandhi-bjp-5642613/


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