Praxeology: My Reflexions on India

The Indian Parliamentary election for the next five years is on. The present Indian prime minister Narendra Modi is battling hard for his reelection. All opposition parties are united against his government to combat the kind of polarization that Modi and Shah (BJP national president) are spreading in India with the support of their ideological backers RSS (Rashtriya Swayamsevak Sangh). The main opposition party Congress is resurgent, winning three major Hindi heartland states in recent state elections, after touching its nadir in 2014 parliamentary election. Narendra Modi has to battle a hard reelection bid because of dismal performance of his government in last five years on all the fronts, especially on the economic front. His immature half baked policies like demonetization and GST have devastated the economy. Unemployment is highest in last 45 years. Just after demonetization 5 million people lost their jobs. The informal sector, which is the backbone of the In...

The main opposition party of India, Indian National Congress, has announced a new scheme, NYAY (Nyuntam Aay Yojana), as a political promise to the poor people of India. According to the announcement from the Congress party president Rahul Gandhi, this minimum income guarantee scheme will assure a payment of Rs. 72,000 a year for India’s poorest families if the Congress came to power. The money will be directly transferred to the bank accounts of 20 per cent of the poorest in the country. The scheme would lift five crore families or 25 crore people out of poverty . Rahul Gandhi further said, It is not acceptable to the Congress that there is poverty in India in the 21 st century. The final assault on poverty has begun. He further said, that if the incumbent Modi government can give thousands of crores of rupees to few rich people of India then Congress party can definitely give this 72000 crore to the poor Indians. So, is this scheme really a final assault on pove...