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 “ 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.....

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