In the recent past, there has been a lot of talk around the government providing a universal basic income(UBI) to every Indian. If UBI becomes the order of the day, then the central government will carry out an unconditional income transfer to every Indian, rich or poor, on a periodic basis (perhaps monthly).
The question is can we afford it? The answer seems to be no. This becomes clear from a remark made by the NITI Aayog Vice Chairman Arvind Panagariya, in a recent interview to The Indian Express: "The Tendulkar urban poverty line at 2011-12 prices is Rs 1,000 […]
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