Vitor Gaspar, Director of Fiscal Affairs at the IMF Says it will be a better alternative to current subsidy schemes
Washington DC, October 11:
As policy-makers in New Delhi debate the concept of the Universal Basic Income (UBI) that would do away with current government benefits, the International Monetary Fund has come out in support of such a move on the grounds that it would perform better than current fuel and food subsidies.“A UBI would outperform the PDS and energy subsidies along three key dimensions of coverage, progress and generosity,” said the IMF in its Fiscal Monitor that was released on […]
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