Raghuram Rajan to be Finance Minister if Cong voted to power

Former Reserve Bank governor Raghuram Rajan on Wednesday admitted that he has offered his views to the Congress leadership on the Nyay scheme, wherein the main Opposition party is promising to ensure a minimum monthly income of Rs 12,000 per family if voted to power. Rajan also said that the scheme is a doable and "well worth" to think about provided we make it more than just a handout. He also said both the BJP, through its cash transfers to small farmers, and the Congress, through its Nyay scheme promise, have shown that cash transfers are the way forward to alleviate poverty.