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Top economists decode Rahul Gandhi's NYAY scheme

On March 25, Congress chief Rahul Gandhi announced that Rs 72,000 per year will be given as minimum income to poor families, benefiting around 25 crore people, if his party is voted to power in Lok Sabha polls.

The name of the proposed scheme is 'Nyuntam Aay Yojana' or NYAY. The word 'Nyay' stands for justice in Hindi.

While Raghuram Rajan agreed that the NYAY scheme announced by Congress will promote growth at the grassroots level, he remained skeptical about whether the Indian economy can afford such a scheme.

So, can the NYAY scheme be implemented without taking the country to economic ruin? Watch the special episode where top economists decode Rahul Gandhi's NYAY scheme.

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Video: Vijay swears in as Tamil Nadu CM amid roars, chants of frenzied crowd

TVK leader C Joseph Vijay on Sunday took oath as the Chief Minister of Tamil Nadu amid a sea of supporters, his friends and family, and several political leaders. Eight other TVK leaders were sworn in besides him, as ministers in the new government. Congress leader Rahul Gandhi also attended the ceremony. The TVK managed to secure the Governor's nod to form the government after the Congress, the CPI, the CPI(M), the VCK, and IUML extended their support to the Vijay-led party for a colaition government.