THAT the world is thinking actively about the concept of Universal Basic Income (UBI) in a bid to combat poverty is one thing, the Indian version of the idea, as reflected in the campaign promise by the Congress party is nothing but a populist bane that would tear the economic fabric asunder in no time. With an additional burden of subsidy worth Rs. 3.6 lakh crore, the national economy will never be able to support such an idea. Yet, in a bid to return to power somehow, the Congress party has talked of a UBI programme by way of […]
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