Stephen Grenville
Indian proposal makes sense of demonetization in moves to alleviate extreme poverty A child rag-picker in Mumbai, the most populous city in India (Photo by Yuji Kuronuma) The idea of providing a guaranteed minimum basic income for all citizens goes back centuries, but it has always come up against the harsh reality that governments cannot collect enough revenue to fund such schemes. The Indian Finance Ministry has, however, devoted a whole chapter of its recent Economic Report to just such a proposal.
This might seem like unrealistic "pie in the sky" musing, especially as the cost would equal nearly […]
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