After Congress President Rahul Gandhi proposed his new freebie scheme Nyuntam Aay Yojana, economists around the world have expressed their skepticism over the fiscal prudence of the scheme. Arvind Panagariya, a noted Economist and former Vice-Chairman of NITI Aayog, has viewed that the promise of the Congress party to implement a minimum income guarantee scheme would be “almost impossible”. Panagariya …
Arvind Panagariya said the scheme is difficult to implement and unlikely to achieve its intended objective New Delhi: Former NITI Aayog vice chairman Arvind Panagariya has said the implementation of the Congress Party’s ambitious Nyay scheme not only poses a “fiscal challenge” to India’s economy but also has a “serious incentive problem”. Congress President Rahul Gandhi on 26 March said …
)