Incidentally, it's the day when PM Narendra Modi met Abhijit Banerjee, this year's joint winner of the prize.
Bharatiya Shikshan Mandal, an RSS affiliate, has denounced how the Nobel Prize in Economics is awarded. Mukul Kanitkar, BSM's national organising secretary, said that the award was accorded "on basis of theory which has failed time and again".
Incidentally, it's the day when PM Narendra Modi met Abhijit Banerjee, this year's joint winner of the prize.
Kanitkar also asked Congress to implement Nyuntam Aay Yojana or NYAY, a scheme that promised to give 20% families in the poorest of the poor category Rs 72,000 each annually.
The Congress had consulted Banerjee for formulating NYAY, a key promise for the 2019 General Elections.
"The policy that Banerjee is advocating has already failed. Yet it is being advocated and authenticated by conferring (him) the Nobel Prize. This is more dangerous. There's a reason why Obamacare no longer exists in the US because it was putting pressure on the economy," Kanitkar told ANI.
"Greece too collapsed as it preferred doling out food tickets rather than encouraging people to work," he added Kanitkar.
Kanitkar further suggested that Congress should implement its 'NYAY' (Nyuntam Aay Yojana) scheme in one of the party-ruled states like Rajasthan, Madhya Pradesh or Punjab.
"If they believe in Banerjee's politics, they should implement it, " Kanitkar said. He claimed that Banerjee is "the right candidate who can be used as part of an international conspiracy".
Those critical of government policies such as Amartya Sen, Arundhati Roy have received international awards, he said. "That's why the suspicion, " he added.
Prime Minister Narendra Modi on Tuesday met Abhijit Banerjee who has won the Nobel Prize in Economic Sciences, becoming the tenth Indian or a person of Indian origin to win the prestigious global award.
Banerjee, his French-American wife Esther Duflo and the US' Michael Kremer on Monday were awarded the Nobel Prize for Economic Sciences "for their experimental approach to alleviating global poverty".
The 58-year-old Kolkata-born economist is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology.
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