New Delhi: Former Chief Economic Adviser Arvind Subramanian has proposed a quasi-universal basic rural income (QUBRI) of Rs 18,000 per year to each rural household, except those which are "demonstrably well-off", at an estimated cost of Rs. 2.64 lakh crore to tackle agrarian distress.
A per-household annual transfer of about Rs 18,000, or Rs 1,500 per month, encompassing 75 per cent of the rural population, can be covered at a total fiscal cost of about 1.3 per cent of the GDP, or Rs 2.64 lakh crore (at 2019-20 prices), he says in a paper that he co-authored with Director […]
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