Piyush Goyal on Abhijit Banerjee: People rejected NYAY, its ideology

Piyush Goyal on Abhijit Banerjee: People rejected NYAY, its ideology

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

Union Minister Piyush Goyal said on Friday (October 18) that Nobel victor Abhijit Banerjee is "totally Left-leaning" and his theories have been rejected by the people of India "I congratulate Abhijit Banerjee the victor of Nobel prize in Economics". Banerjee, an Indian-American who has been critical of the Narendra Modi government's economic policies, won the 2019 Nobel Prize for Economic Sciences.

Goyal on Friday, while congratulating Banerjee on winning the Nobel at a press conference, said: "You all know what his understanding is".

"I congratulate Abhijit Banerjee for winning the Nobel prize. He sang praises of NYAY, but the people of India totally rejected the scheme and his ideology", the Minister said.

On October 14, Gandhi tweeted, "Congratulations to #AbhijitBanerjee on winning the Nobel Prize in Economics". 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 had recently said that Indian economy was on shaky ground, adding the data now available does not hold any assurance for economic revival anytime soon. However, the Congress announced a more extensive and ambitious Rs 6,000 a month with an outlay of Rs 3.60 lakh crore. "I have studied it in detail", he said, adding there is no goal to have such a high reserves.

The Congress had promised that the Nyuntam Aay Yojana (NYAY) or the Minimum Income Guarantee Scheme (MIGS) will cover 20 per cent of the poorest families.

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