Former prime minister Manmohan Singh Saturday claimed the Congress' 'Nyay' minimum income guarantee scheme will not result in any new taxes and help restart the "economic engine" which has come to a "stop". "Nyay scheme will cost between 1.2-1.5 per cent of GDP at its peak. The economic stimulus it will provide will further help in fiscal discipline," he said. In remarks aimed at the Narendra Modi government, he said 'Nyay' will help restart "our economic engine that has come to a stop today". "At a time when private investment and industrial production are low, Nyay can help bring our economy back to life and create new factories and jobs," Singh said.

Source: dna April 21, 2019 07:07 UTC