NYAY calls for new revenue avenues

NYAY calls for new revenue avenues

For representational purposes (Express Illustrations) HYDERABAD: If it’s one thing that an election season cannot do without, it’s the grand promises of political parties. While the ruling BJP came to power in 2014 offering millions of jobs and greener pastures, this time around, it’s the Congress party that’s dangling the carrot. Its proposed minimum income guarantee scheme, Nyuntam Aay Yojana (NYAY), promises to transfer Rs 6,000 per month to at least 25 crore individuals, but it first needs an eye-popping Rs 3.6 lakh crore every year to punch the air.

While the jury is still out on whether the scheme […]

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