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Income plan: Economists consulted, says Rahul; uphill task, feel experts

Monday announced that under 'Nyay' - an acronym for Nyuntam Aay Yojana - Rs 72,000 will be given to the poorest families every year if his party returns to power, while calling it a final assault on Poverty. "We were engaged in this work for six months. Take the list of all big economists of the world, we consulted them ... Raghuram Rajan ... one by one," Rahul said today. Meanwhile, experts said that while the scheme reflects a comm

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Minimum income guarantee Congress' surgical strike on Poverty: Rahul Gandhi

;; the party asks Modi to spell out stand Congress president Rahul Gandhi on Tuesday described the minimum income guarantee scheme, a promise he made to electors on Monday, as a surgical strike on Poverty. Separately, the Congress asked Prime Minister Narendra Modi and the BJP to spell out whether or not they supported the plan. “They did Demonetisation and Gabbar Singh Tax. We will give NYAY and a real GST. NYAY = Surgical Strike on More »

Minimum Rs 6000 a month to 20% of India's poorest: Congress pollitics -Manoj CG

ss Working Committee which approved the draft manifesto, Rahul said the Nyunatam Aay Yojana (Nyay) scheme was a “ground breaking idea’ and would mark the beginning of the final assault on Poverty. CONGRESS PRESIDENT Rahul Gandhi Monday said if his party was voted to power, its government would roll out a minimum income scheme guaranteeing Rs 72,000 a year to the bottom most or poorest 20 per cent of households. The scheme will likely e

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Few details, Rs 3.6 lakh crore-question: Will it be a top-up or subsidy tweak? -Aanchal Magazine

then Chief Economic Adviser Arvind Subramanian had proposed a Universal Basic Income (UBI) of Rs 7,620 per year. As per the estimates in the Survey based on NSS 2011-12 consumption data, at a target Poverty level of 0.45 per cent, the income needed to take a person above Rs 893 per month — the Poverty line in 2011-12 – works out to Rs 5,400 per year, which when adjusted to inflation for 2016-17

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Rural distress: Last year of Govt saw highest demand for MNREGA jobs in 8 yrs -Shalini Nair

-The Indian Express In 2014-15, the first year under of the NDA government when Prime Minister Narendra Modi had dismissed MGNREGA as “the living monument of UPA’s failure’, the person-days generated was just 166 crore. In an indicator of rural distress, the last year of the NDA government shows a marked increase in the demand for jobs under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Official data show that in 2018-19, the demand for work inc

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'Final assault on Poverty': Rahul Gandhi on Rs 12K minimum income plan for poor

scheme would cover 5 crore families and benefit nearly 25 crore people, said Gandhi after the Congress Working Committee cleared the plan that party president described as the “final assault on Poverty”. This is about justice for the poor, said Gandhi at a press conference to announce the contours of the guarantee scheme that will make its way to the Congress manifesto ahead of the 2019 Lok Sabha elections. “We are going to giv

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'Access to formal credit increases income of farmers' -TV Jayan

re (MCE) by 10 per cent compared to those without formal credit facility. The per capita MCE is a proxy for household income and, therefore, an increase in household expenditure reflects a decline in Poverty, said Anjani Kumar, Research Fellow at the International Food Policy Research Institute (IFPRI), New Delhi Office. “The government has been making efforts to enhance the flow of credit to the agriculture sector and they are bearing fruits

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A meaningful safety net for the poor -Kirit Parikh

-The Indian Express Government’s scheme to pay Rs 6,000 every year to poor rural households will increase their expenditure, reduce Poverty by 10 to 20 per cent in many states. In the last week of February, the government launched a scheme to pay Rs 6,000 every year to poor rural households who own less than 2 hectares of land. The scheme will have an annual outlay of Rs 75,000 crore. The beneficiaries received the first installment of

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