New Delhi: Providing a cash allowance rather than cheap food or guaranteed jobs would nearly eradicate poverty, but at a cost of 4 to 5 per cent of gross domestic product, a government report said on Tuesday.
Universal basic income (UBI) , a radical idea that is gaining attention in countries such as Finland and France, proposes giving every citizen an income to cover their basic needs.
Several economists advocate cash transfers in India, Asia’s third-largest economy, where despite rapid economic growth, one in three of the world’s extreme poor reside. An emergency medical payment or bad harvest risks a […]
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