-The Indian Express Congress president Rahul Gandhi said the Nyay scheme will achieve twin objectives of giving money to 20 per cent Poorest families as well as firing up the economy. Days after announcing that the Congress would roll out a minimum income scheme guaranteeing Rs 72,000 a year to the bottom most or Poorest 20 per cent of households if voted to power, party president Rahul Gandhi Thursday said the...
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Wealth tax on top rich could fund Congress's plan for Poor: paper -Seema Chishti
-The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the Poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says...
More »Cong's minimum income scheme based on Amartya Sen's poverty index -Kumar Anshuman
-The Economic Times Congress’ Bhalchandra Mungekar, who is part of the manifesto committee, said: “If BJP can waive off loans to the tune of Rs 3,16,000 crore of 10-15 industralists, our scheme is very much doable.” NEW DELHI: Congress Nyay scheme is based on Amartya Sen Index of poverty. As per the index, among the Poor there are several categories of very Poor, Poor and others. So the party is planning to...
More »Income plan: Economists consulted, says Rahul; uphill task, feel experts
-PTI NEW DELHI: Congress president Rahul Gandhi on Tuesday said his party consulted several economists including former RBI governor Raghuram Rajan on its minimum income plan for the Poor even as leading experts said that implementing such a scheme would be an uphill task. In a mega poll promise, Gandhi on Monday announced that under 'Nyay' - an acronym for Nyuntam Aay Yojana - Rs 72,000 will be given to the Poorest...
More »Minimum income guarantee Congress' surgical strike on poverty: Rahul Gandhi
-The Hindu Congress chief promises a “real GST”; the party asks Modi to spell out stand Congress president Rahul Gandhi on Tuesday described the minimum income guarantee scheme, a promise he made to electors on Monday, as a surgical strike on poverty. Separately, the Congress asked Prime Minister Narendra Modi and the BJP to spell out whether or not they supported the plan. “They did Demonetisation and Gabbar Singh Tax. We will give...
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