NYAY scheme poses ‘fiscal challenge’

PTI Updated - March 28, 2019 at 09:53 PM.

Arvind Panagariya

 

Former NITI Aayog Vice-Chairman Arvind Panagariya has said the implementation of the Congress Party’s ambitious ‘NYAY’ scheme not only poses a “fiscal challenge” to India’s economy but also has a “serious incentive problem”. Panagariya, who served as the first Vice-Chairman of NITI Aayog for two years from 2015 to 2017, said NYAY is difficult to implement and unlikely to achieve its intended objective.“It raises three major questions — the incentive compatibility issue, the fairness issue and fiscal challenge,” Panagariya said.

 

 

Published on March 28, 2019 16:23