Releasing the Congress manifesto at the party headquarters on April 2, former finance minister P. Chidambaram, who led the committee that prepared the document, promised that should the party form the next government, it will “deliver wealth and welfare”.
The Bharatiya Janata Party (BJP) dismissed the manifesto as unworkable. But given Prime Minister Narendra Modi’s own reputation for indulging in poll hyperbole, it does seem a bit rich that the Congress stands accused of making promises it can’t keep. The Congress’s big idea is NYAY (Nyuntam Aay Yojana), a guarantee that no household in the country will have an income of less than Rs 6,000 per calendar month. Some 50 million households will thus become eligible for cash transfers of about Rs 72,000 a year, at a cost to the exchequer of some Rs 3.6 lakh crore, which is about two per cent of India’s current GDP.
How the Congress intends to pay for it is not fully explained in the manifesto, though it must be said a manifesto is not the same thing as a budget. The Congress has also sketched out its road map, claiming it will take about a year, including the time required for the designing, testing and piloting of the scheme, before NYAY is rolled out and implemented in phases.
Denne historien er fra April 15, 2019-utgaven av India Today.
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Denne historien er fra April 15, 2019-utgaven av India Today.
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LOW-COST AIRLINES, 2003 - NO-FRILLS TAKES OFF
Air Deccan shattered the myth that flying was an elite pursuit. With no-frills service and ultra-low fares, it transformed Indian aviation, inspiring a booming budget airline segment
THE GENERIC BREAKTHROUGH - Pharmacy to the World
India's pharmaceutical industry has evolved from dependency on foreign firms to global dominance. Driven by generics, biopharma breakthroughs and innovation, it has cemented the country's status as the planet's drug factory
THE SOFTWARE BOOM FROM BYTES TO BILLIONS
From a $100-million fledgling in 1991 to a $250-billion powerhouse today, India's IT industry capitalised on visionary policies, pioneering companies and the Y2K opportunity to become a global leader in outsourcing and innovation
ECONOMIC LIBERALISATION, 1991- BREAKING THE SHACKLES
In 1990, India faced economic collapse with dwindling forex reserves and mounting debt. The next year, the Narasimha Rao government, with Manmohan Singh as finance minister, launched transformative reforms, dismantling protectionism and reshaping the economy
THE MARUTI 800, 1983- The Aam Aadmi Car
The small car that made a big difference by democratising car ownership in the country and changing the face of India's automotive industry
RELIANCE INITIAL PUBLIC OFFERING, 1977 - The Emperor of Equities
With his novel idea of raising funds from the public in the late '70s, Dhirubhai Ambani awoke the sleeping giant that was India's capital market, giving the ordinary investor a chance to own a small piece of big business and be part of an equity revolution
WEAVE A STORY
Saree plays muse and material in this modern iteration
SIMPLE LIVING
Spatial planning meets spirituality, and up-cyling meets unconventional design practices, in this Gurgaon home
HARMONY IN DESIGN
Using principles of vaastu coupled with a creative interplay of open and closed spaces, this home in Vadodara is a welcome sight
THE NEW ECO CHIC
This home in Kerala is designed on the principles of climate responsive architecture
