From penury to affluence

The Congress manifesto for 2019 elections announced with elan an ambitious Nyuntam Aay Yojana (NYAY) that guarantees a cash transfer of Rs 72,000 a year to the poorest 20 per cent of the families without compromising fiscal prudence. This is inspired by Rawlsian difference principle that “...social and economic inequalities are to be arranged so that they are... to the greatest benefit of the least advantaged”.  The spate of recent commentary is largely ill-informed, hostile, and ideological, and occasionally favourable but with serious fiscal concerns. Some are even con.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Outbrain