Top economist favours universal basic income for all

PANAJI: While the Congress’ plan of giving income guarantee of Rs 6,000 a month to five crore poor families is raising all kinds of doubts, the proposal seems to be receiving tacit support from a mainstream economist at the London School of Economics (LSE).

On Wednesday, Prof Maitreesh Ghatak, a senior professor at the prestigious international institute and a Fellow of the British Academy, said that he advocates the concept of a universal basic income (UBI) for all, whether rich or poor and to all segments of the population.

Ghatak explained that the concept of UBI is specifically important since categorising […]

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