Congress President Rahul Gandhi with Sam Pitroda, close aide Ever since the Congress announced their proposed minimum basic income scheme NYAY, there have been speculations that it will mean increased taxes and a strain on India’s economy. Former NITI Ayog vice chairman Arvind Panagariya has even stated that the scheme is fiscally imprudent and will cost more than India’s defence budget .
Abhijit Banerjee , the economist who has been advising Congress in the formulation of the scheme had also stated that NYAY will have to be funded by rising inflation and new taxes.
The NYAY scheme promises a Rs […]
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