Congress president Rahul Gandhi announced plans for a minimum income guarantee if voted to power in the Lok Sa… NEW DELHI: A minimum guaranteed income to one member each of the country’s 25% poorest households could cost over Rs 7 lakh crore, initial estimates by the government showed.
The calculation was based on a minimum wage payment of Rs 321 a day, translating into Rs 9,630 a month, mandated by the Centre for unskilled farm workers. The cost was expected to be over Rs 5 lakh crore if 18-20% of the households were targeted, as was indicated by former finance […]
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