Sunday, February 28, 2021
Home News Reports Nobel Laureate Abhijit Banerjee brushes aside responsibility for Congress party’s NYAY, says it was...

Nobel Laureate Abhijit Banerjee brushes aside responsibility for Congress party’s NYAY, says it was not a well-designed scheme

Banerjee's comments contradict the comments made by the Congress party and its leaders crediting him for the NYAY scheme

In an interview with CNN News18, this year’s winner of Nobel prize in Economics Abhijit Banerjee shrugged off the responsibility of NYAY, claiming that it was not “necessarily a well-designed scheme”. Banerjee said that he only provided information and had no say in the design of the scheme.

Banerjee seemed taken aback when asked if he believed that NYAY was an idea whose time was yet to come. Fumbling while responding to the question, Banerjee said, “I don’t take the responsibility of NYAY, nobody asked me if that is how it should be designed and I don’t think it was necessarily well designed.”

Banerjee further added, “Even if the idea was politically supported, it may not have been the best design scheme, maybe afterwards if the UPA had won, they would have had to adjust the scheme because there would be political and economical pressures to change the scheme. My role in the all of that was not to design the scheme but to provide information that you could use to make choices.”

Also Read: Where is the money? Rahul Gandhi’s promise is going to cost a whopping Rs 3.60 lakh crore a year, 13% of union budget

Banerjee’s comments contradict the comments made by the Congress party and its leaders crediting him for the NYAY scheme. While congratulating him for winning the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, Congress party had said that he was a key consultant for the NYAY programme. Former Congress president Rahul Gandhi had also tweeted that Abhijit Banerjee had helped conceptualise NYAY.

Banerjee is under intense fire for being a proponent of Congress’ ill-conceived Universal Basic Income scheme- NYAY. Recently, Union Minister Piyush Goyal slammed Abhijit Banerjee saying that his thinking is totally “left-leaning” and that his thinking was rejected by the Indian voters.

Abhijit Banerjee was one of the economists who was consulted by the Congress party before the announcement of their ambitious social welfare programme-NYAY (Nyutam Aay Yojana). Earlier this year, in his interview with Business Today, Banerjee defended himself stating that he had suggested a minimum income guarantee of Rs 2,500 per month, keeping in mind the fiscal discipline. However, the Congress announced a more extensive and ambitious Rs 6,000 a month with an outlay of Rs 3.60 lakh crore.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Searched termseconomist
OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Naushad, who was caught spitting while cooking tandoori rotis in viral wedding video, to be booked under NSA

Earlier this month, a video of Naushad who appears to be spitting on the tandoori rotis before putting them inside the tandoor for cooking, while at a wedding function, had gone viral.

Delhi Police arrests 2 men who were plotting to assassinate Kashmiri activist Sushil Pandit against payment

Sukhvinder Singh and Lakhan said they were paid Rs 10 lakh each by one Prince to kill Kashmiri activist Sushil Pandit

Hindu Mahasabha asks Rahul Gandhi to change Congress’ name to ‘Godsevadi Congress’ after Godse follower joined party: Read why

Hindu Mahasabha has advised Congress leader Rahul Gandhi to change the name of the Congress party to Godsevadi Congress.

As desperate Pakistan welcomes the Indo-Pak ceasefire with much fanfare, India takes it with a caution

The latest ceasefire agreement between India and Pakistan comes nearly 17 years after such an agreement was first signed

Encryption vs Compliance: The new IT Act guidelines put messaging services like WhatsApp in a tight situation

To comply with the new IT Act guidelines, services like WhatsApp will have to break its famous end-to-end encryption

Is Yogendra Yadav now an anti-election activist?

“We should have an outcome very soon, we do not have a mandate.” These were the words of Yogendra Yadav after Bihar elections

Recently Popular

Did Aamir Khan’s daughter Ira Khan elope with her Hindu servant? Here is the truth

The image that is being used to claim that Iran Khan has 'eloped with her Hindu servant' was originally shared by Nupur Shikare, her fitness trainer. The two were posing on the occasion of Diwali.

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Father of Richa Bharti, the girl who had refused to distribute Quran to secure bail, shot dead in native Bihar village: Read details

The father of the daring Bihar girl Richa Bharti has been shot down by assailants in her native village of Nalanda district in Bihar.

“A contest between my ball and your ball”: Netizens in splits after comments of Harsha Bhogle go viral

Harsha Bhohgle said that a cricket contest should be between bat and ball, not between bat and bat or ball and ball

Spokesperson of Samajwadi Party resigns after workers abuse his wife for sharing anti-Akhilesh Facebook post: Details

Anil Yadav of Samajwadi Party has resigned from the party after his wife, Pankhuri Pathak, was abused by SP workers.

Father of 6, Mehtab Rana, abducts minor by shrouding her in Burqa, had abducted the girl twice in 2018, role of in-laws, family suspected

Kidnapping of a 17-year-old girl in Agra, where accused made her wear a 'burqa', has sent shockwaves and resulted in outrage
- Advertisement -

 

Connect with us

253,132FansLike
520,759FollowersFollow
23,800SubscribersSubscribe