Washington: The IMF on Sunday shot down media reports speculating that it was pushing for the Public Distribution System (PDS) to be replaced by the Universal Basic Income (UBI) in India.
The reports emerged in a section of media after the International Monetary Fund (IMF), in its annual Fiscal Monitor report, said the UBI will outperform the PDS in terms of coverage, progressivity, and generosity.
The IMF’s observation was based on the results of a microsimulation analysis of a policy reform that replaces food and fuel subsidies in India with a UBI.Director of Fiscal Affairs Department of the IMF, Vitor Gaspar, […]
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