Congress’ minimum income guarantee can stop the continuing decline of India’s poor.
Wiping every tear from every eye” is the opening sentence of the chapter on Universal Basic Income (UBI) in the Economic Survey of FY2017, authored by Dr Arvind Subramanian, the former Chief Economic Adviser of India.
On Monday, Congress president Rahul Gandhi announced the promise of a ‘minimum income guarantee’ for every poor Indian household, sans the melodrama of ‘wiping away tears’.The idea of a basic income is so powerful that it has even lured otherwise drab economists to melodramatic descriptions of an economic policy. Why?The simple idea […]
Full Post at theprint.in