Minimum income guarantee scheme: Full report

In an age when fiscal profligacy is out and fiscal prudence is the norm, Congress President Rahul Gandhi on Monday resorted to apparent populism and announced minimum income guarantee scheme 'Nyay' that is expected to cost the exchequer Rs 3.6 lakh crore annually.
The expenditure entailed on the scheme, announced ahead of the coming Lok Sabha elections, is likely to alter the precarious fiscal equilibrium of the government.