Lucknow, Jun 9 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday dismissed the idea of Universal Social Security, saying it will create a ground for “perverse incentives” for people and dissuade them from seeking income generating opportunities.
He said the concept of Universal Social Security is not favourable for developing countries like India which need to focus on economic growth to take care of aspirations of its people.
For a developed country, which doesn’t have income generating opportunities and employment generating opportunities, he said the State may have to step in and provide the universal basic income kind of […]
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