Former Chief Economic Adviser Arvind Subramanian. In order to tackle agrarian distress effectively, the Central government and the states should launch a basic income scheme which guarantees minimum cash transfers to all except the well-off in rural areas, former Chief Economic Adviser Arvind Subramanian said. Terming it as the Quasi-universal basic rural income (QUBRI) scheme, he said it should not be funded out of the reserves of Reserve Bank of India but through replacement of existing farm and fertilizer subsidies.
Illustratively, an annual transfer of about Rs 18,000 or Rs 1,500 per month per household would cover 75 per cent […]
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