Tuesday, April 9, 2019

Income transfers meet Gandhian and Rawlsian ideals

OPINION: There is much debate about the Nyuntam Aay Yojana (NYAY), the minimum income scheme announced by the Congress party as part of its manifesto for national elections. It is only slightly different from a universal basic income, an idea to which a full chapter was devoted in the Economic Survey of 2017. In concept, it is also similar to—but also much more generous in scope and magnitude—than the Prime Minister Kisan Samman Nidhi (PM Kisan), which was announced in the Union Budget for 2019-20 and is already being implemented. Read More