Residents walk in an alley in Dharavi, one of Asia’s largest slums, in Mumbai. The world’s second most populous country is considering cash handouts to people in an effort to eliminate poverty. India’s initiative comes in the middle of a cash crisis caused by the government’s crackdown on "black money."
The Ministry of Finance said it could replace the country’s welfare programs with the so-called ‘universal basic income’ which guarantees everyone enough money to cover their basic needs.
The "radical option" of universal basic income "may simply be the fastest way of reducing poverty," said the ministry. The assistance program will […]
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