The IMF has said that universal basic income ‘looks good’ when it substitutes inequitable and inefficient public spending. The IMF has said that universal basic income "looks good" when it substitutes inequitable and inefficient public spending. (File Photo/Representational) Washington: Citing an Indian case study, the IMF has said that universal basic income "looks good" when it substitutes inequitable and inefficient public spending.
With several countries discussing the option of universal basic income (UBI) for their unemployed population, the International Monetary Fund carried out a simulation exercise of various subsidy schemes with UBI.
A UBI is equal cash transfer to all individuals […]
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