The MNREGA natural experiment shows how corruption and mis-targeting of social security programmes may distort the labour markets, and reduce the employment assurance programs to providing a free basic money for a large section of rural populace. (Reuters) The recent announcement by Guy Standing, that India would soon endorse a universal basic income (UBI) comes as a big shocker. The Independent, further reports that Standing who has worked on several UBI pilot projects in India is very confident of its success, especially since the Scandinavian nation, Finland has already started the experiment with 2,000 unemployed people, each receiving 560 […]
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