The rational response to a cash transfer scheme for families below Rs 72,000 will be for all families near that level or somewhat above it to report that their incomes are lower than they actually are(ANI) Rahul Gandhi’s promise of a minimum basic income, the biggest income transfer programme to be announced, is fraught with challenges.
There is a fundamental problem in the proposition that only the bottom 20% poorest households can be targeted. The average income of the bottom 40% of the population is below Rs 1.44 lakh per year. A scheme in which half of them will be […]
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