IMF not endorsing Universal Basic Income in India: Official

IMF not endorsing Universal Basic Income in India: Official

By: PTI | Washington |
Published:October 15, 2017 8:00 am Director of Fiscal Affairs Department of the IMF, Vitor Gaspar said the IMF opted for India as a case study mainly because the UBI is particularly attractive when it replaces inefficient and inequitable public spending programs.

The IMF on Saturday 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 […]

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