The newly unveiled plan by the Congress Party to provide a minimum income guarantee to the poorest in the country has sparked a controversy as advocates for and against it are voicing their views in no uncertain terms. The proposal has been criticized, by one segment of economic writers for being too expensive, discriminatory and difficult to implement. On the other hand, it is being commended by others as being visionary and achievable without too much strain despite the estimates that it could cost up to Rs. three to four trillion. The fact is, the scheme is modeled loosely […]
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