Universal Basic Income: The big idea takes tiny steps

Universal Basic Income: The big idea takes tiny steps

(Photos: Sneh Singh) Sarath Davala has a strong opinion about public welfare. “The public welfare regime in India,” he says, “is an exercise in futility.” Some $20 billion (or about Rs 1.3 trillion) goes into the PDS for providing grain to the needy, and some Rs 50,000 crore into NREGA, a scheme that guarantees 100 days of work in rural areas. That’s Rs 1.35 trillion in all, of which he estimates that at least 40 percent is “lost in transmission”. That’s more than half a trillion rupees defalcated by the ‘system’. It’s far better, Davala thinks, if the government […]

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