Can we afford NYAY, and is it practical?

Can we afford NYAY, and is it practical?

congress 1 The Congress party announced that if elected to form the next government, it would implement a Nyuntam Aay Yojana (NYAY), which will transfer Rs 72,000 as cash income annually to the bottom fifth of the poorest families. The acronym NYAY means justice. The implication is that this “injustice” called acute poverty will be tackled, possibly for the first time by promising a direct transfer of cash.

It is true that direct benefit transfer (DBT) has been implemented for more than two dozen schemes in the past five years. This includes subsidy payment for cooking gas, pensions, scholarships and […]

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