Rahul Gandhi has finally promised Rs 72,000 yearly to 20 per cent of the poorest people in the country if Congress comes to power. BJP’s Arun Jaitley, the Union Finance Minister, called it a bluff and termed Rahul’s announcing the basic minimum income scheme ‘a bid to cheat poor’. Supporters of the idea of Universal Basic Income (UBI) hailed the announcement. Sceptics, being worried about fiscal costs, raised a probing finger as to how the required money would come?
However, the two recently published papers of the IMF, one published as Finance and Development article in December 2018 and the […]
Full Post at www.millenniumpost.in