Higher taxes or bonds can help the next government deliver on universal basic income (UBI) promises, a foreign brokerage has said. The study comes amid a rash of UBI-like promises being made ahead of the general elections beginning April 11 through May 19, including the Opposition Congress’ promise of supplementing incomes to every poor family Rs 72,000 a year or the ruling BJP’s already introduced cash support to small farmers of Rs 6,000 a year.
While the BJPs’ scheme will cost around Rs 75,000 crore per annum to the national exchequer, the Congress plan can cost up to Rs 3.6 […]
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