Here's one, who should know better than quite a few others. <<The NYAY scheme has a proposed expenditure of Rs 3.6 lakh crore over and above the existing Rs 3.34 lakh crore expenditure outlined by the Modi government in the 2019 budget. Since the Congress announced that the NYAY scheme will not subsume any existing government poverty alleviation schemes, it would mean the government of India would be spending Rs 6.94 lakh crore on subsidies if the Congress comes to power.
According to Raghuram Rajan, if implemented properly the Congress's minimum income guarantee scheme can "revolutionise things". "There are ways of structuring the scheme in a way that it creates growth at the grassroots level. It will allow people to make financial decisions on their own. The question is how it will roll out. Will it add on to existing schemes or will it revolutionise things? We have a chance to target poverty alleviation effectively. If done effectively it [NYAY scheme] can change how things are run" said Raghuram Rajan.>> (Ref.: '(Former RBI Governor) Raghuram Rajan says Rahul Gandhi's NYAY scheme workable, conditions apply' at < https://www.indiatoday.in/elections/lok-sabha-2019/story/raghuram-rajan-congress-nyay-minimum-income-guarantee-scheme-1487080-2019-03-26?fbclid=IwAR2LBXSc6Jh6AbiYwLB5_4HPHq7AWye1bGiPuv3r201Y7jEnk6PaX734h2Q >.) On Tue, 26 Mar 2019 at 14:15, Sukla Sen <sukla....@gmail.com> wrote: > > [While the principal reason why the Modi regime needs be ousted forthwith > is that it is planfully and consistently working for the destruction of the > idea of "India" - the ideal of an inclusivist, egalitarian "democracy" > being its very lynchpin, that had been wrought out in the crucible of the > epic freedom struggle with which it has no whatever historical or emotional > bonding, the mainstream Hindu masses, one suspects, are yet to sufficiently > acknowledge this grave threat. > To win them over, something more tangible is needed to be offered, in a > credible format, as the alternative. > > The details of the "minimum income guarantee scheme" are still awaited. > Hopefully, the "manifesto", to be, reportedly, released on the April 2nd, > wold provide at least the broad outlines. > Whats most crucial is how the resources are going to be raised. > Whether there'd be any pruning of the existing welfare schemes, meant for > the needy. > Also, other complimentary measures, in the field of education and health > and, also, creation of meaningful jobs. > We'll have to wait a bit. > > In the meanwhile, the din kicked up is diverting the focus away from > "teaching Pakistan a lesson". > That's a positive effect. > > The fact that Thomas Piketty, given his all too formidable credentials, is > associated with the manifesto drafting process is a hopeful omen. > > <<French economist Thomas Piketty has confirmed that he is helping the > Congress party with its poll promise of minimum income guarantee scheme, > ThePrint reported on Thursday. In January, Congress President Rahul Gandhi > had said his party would implement such a scheme if voted to power in the > General Elections. > Piketty defended the scheme, saying India’s elite have treated the poor > badly. “It is high time to move from the politics of caste conflict to the > politics of income and wealth distribution,” the Paris School of Economics > professor told ThePrint. > Piketty said he was advising the Congress on the idea along with Professor > Abhijit Banerjee of Massachusetts Institute of Technology. “Yes, we’ve been > exchanging with the Congress together with Abhijit Banerjee about how much > it would cost and how to implement this,” he said. “My view is that a > minimum income scheme would be highly welcome.”>>] > > > https://scroll.in/article/904268/left-liberals-dont-really-understand-right-wing-populism-and-have-no-effective-counter-to-it?fbclid=IwAR0935hZm-lcsVPl_kqpqriv5EaYaT4_fVe5YPna86k_o7vTWd40rEXfskQ > > Minimum income guarantee: Economist Thomas Piketty confirms he is helping > Congress with the scheme > The French economist claimed India’s elite have treated the poor badly and > said the scheme would be highly welcome in the country. > > Minimum income guarantee: Economist Thomas Piketty confirms he is helping > Congress with the scheme > A file photo of French economist Thomas Piketty. | Leon Neal/AFP > > French economist Thomas Piketty has confirmed that he is helping the > Congress party with its poll promise of minimum income guarantee scheme, > ThePrint reported on Thursday. In January, Congress President Rahul Gandhi > had said his party would implement such a scheme if voted to power in the > General Elections. > > Piketty defended the scheme, saying India’s elite have treated the poor > badly. “It is high time to move from the politics of caste conflict to the > politics of income and wealth distribution,” the Paris School of Economics > professor told ThePrint. > > Piketty said he was advising the Congress on the idea along with Professor > Abhijit Banerjee of Massachusetts Institute of Technology. “Yes, we’ve been > exchanging with the Congress together with Abhijit Banerjee about how much > it would cost and how to implement this,” he said. “My view is that a > minimum income scheme would be highly welcome.” > > On January 31, ThePrint had reported that Piketty and Nobel laureate > British economist Angus Deaton were advising the Congress on the scheme. > Deaton has, however, denied the report. > -- > Peace Is Doable > > > -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to greenyouth+unsubscr...@googlegroups.com. To post to this group, send an email to greenyouth@googlegroups.com. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
