Is the beginning of direct benefit transfer of funds to India’s most marginalised citizens which the country’s Budget for the financial year starting 1 April unveiled in terms of a massive handout for small farmers the holy grail in the fight against debilitating and widespread poverty? Is it, as the Wall Street Journal asked in a recent article, a possible prelude to implementing a universal basic income in India?
The emerging political consensus in India seems to indicate that the answer to both questions is in the affirmative.
The government of Prime Minister Narendra Modi, in its last Budget before […]
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