After the Congress party announced its plan to implement a quasi universal basic income (UBI) scheme for the 5 crore poorest families if elected to power, a Pune based think tank headed by economist Vijay Kelkar charting out the public policy agenda for the next government has cautioned that implementation of such a scheme may hamper fiscal soundness and advocated for more emphasis on better delivery of public goods and services.
“There is always the risk of an unpopular government raising the payment per person. The introduction of the UBI is, thus, likely to hamper fiscal soundness, even if it […]
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