A Discussion on
“NYAY” The Minimum Income Guarantee Scheme – Election Stunt OR Reality?
Saturday, 20th April 2019
Venue: Conference Hall 1, India International Centre – 40, Max Mueller Marg, New Delhi – 110003
Time: 2.00 PM – 5.00 PM
About the theme:
The Congress Party President, Mr. Rahul Gandhi recently announced the ambitious Minimum Income Guarantee Scheme, or Nuyntam Aay Yojana (NYAY) as part of the Election Manifesto of his party. The Scheme basically guarantees ‘Minimum Income’ of Rs. 6000 a month or Rs. 72000 per annum for 20 percent of poorest families in India. The scheme is aimed at being a ‘final assault’ at poverty in India. The concept of Universal Basic Income (UBI) is not new in the world. Often such schemes, where a flat payment is disbursed to the poor; are seen as a way of empowering people and reducing income inequalities. Many programs and schemes based on the idea of UBI have been successful in the past in some countries (Dauphin town in Canada has been a success story, a version of UBI existed in the USA in 1970s) while such schemes have been going on as a pilot in many other countries (Namibia, Brazil and even in Madhya Pradesh in India).
However, the scheme announced by Rahul Gandhi will essentially involve an additional subsidy burden of Rs. 3.6 lakh cr. over and above the existing expenditure of Rs. 3.34 lakh cr. outlined by Modi government’s 2019 budget.
The successful implementation of such a scheme would involve clarity on several issues like – Who is Poor? How the Poor will be reached? What will happen to other subsidies being availed by such families? Etc. Since the scheme has been announced as an election promise to woo voters; the feasibility and need of such a scheme needs to be discussed and pondered upon. With this background, a discussion/ deliberation is proposed on the topic between media personality, economists, academicians and other stakeholders. It will enable us to sensitise people on the idea of Universal Basic Income and be able to give constructive inputs on the agenda.
2.00 PM -2.15 PM Welcome of Guests and Context Setting
2.15 PM – 2.45 PM Mr. Anshuman Tiwari, Editor – India Today
2.45 PM – 3.15 PM Dr. Radhika Pandey- Fellow at National Institute of Public Finance & Policy
3.15 PM – 3.45 PM Mr. Yashwant Deshmukh, CEO & Founder, CVoter
3.45 PM – 4.15 PM Prof.(Dr.) Raj Singh, Hon. V C, Ansal University
4.15 PM – 4.30 PM Discussion and Q/A
4.30 PM – 5.00 PM Vote of Thanks followed by Hi- Tea
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