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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...

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Most vulnerable farmers are left out as states across India start money transfers to farmland owners -Mridula Chari

-Scroll.in Landless farmers are left out of Telangana’s Rythu Bandhu, but nominally included in Odisha’s Kalia. For two decades, Chinthanna Linganna, 55, has cultivated agricultural land leased from others in Talamadugu village in Telangana’s Adilabad district. He currently rents 20 acres of land to grow cotton. Since May, the people who own this land have received cheques of up to Rs 1.6 lakh from the state government as agricultural investment support. Linganna...

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Is farmer income support a sustainable solution? -Sanjiv Phansalkar

-VillageSquare.in Income support to smallholder farmers is similar to palliative measures like minimum support prices or loan waivers that do not address the problem of an unsustainable population living on a fixed resource base The government in the budget for this year has announced an allocation of Rs 75,000 crore for direct income transfer of Rs 6,000 annually for every farmer who owns less than 2 hectares of land. This amount...

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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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Will Congress's NYAY Really Mean Justice for the Poor? -Anjana Thampi and Ishan Anand

-TheWire.in Any policy that seriously intends to reduce poverty and deprivation should increase social sector spending and look to universalise basic services. On Monday, Congress president Rahul Gandhi promised a minimum income guarantee scheme or Nyuntam Aay Yojana (NYAY) if voted to power in the upcoming Lok Sabha elections. The proposal involves a transfer of Rs 72,000 per year to 20% of the poorest families in India. He claimed that this “is...

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