Assured income, balance sheet

Assured income, balance sheet

(Source: Indian National Congress) ON MONDAY, the Congress announced announced a minimum basic income guarantee scheme, which envisages providing Rs 72,000 annually to the 20% most poor of the country’s families. That would mean five crore families and 25 crore people will benefit directly, the Congress said.

This one-of-its-kind scheme in the world, announced by party president Rahul Gandhi as a key step towards the eradication of poverty, could come under attack for the fiscal costs involved for ensuring its rollout. But can it be a game-changer? The idea recalls a key precedent in welfare politics.

Midday meal In 1982, […]

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