Politicians need votes to get elected and, once in power, select policies based on political expedience and ideology. Thus policy making, vote getting and ideological considerations are inextricably intertwined. Nonetheless, it is essential to try to assess major policy options on the basis of logic and, if possible, data.
The idea of a ‘basic income scheme’ has surfaced in pronouncements by senior policy makers recently and, surprisingly enough, dissenting voices within the establishment have also been publicly heard.
A scheme of this nature, if adopted, would be a major step in the economic life of modern India. The fundamentals underpinning such […]
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