Vital to provide unconditional cash grants to sectors of society

Vital to provide unconditional cash grants to sectors of society

Move aims at reviving weak private sector

KUWAIT CITY, March 21: Kuwait, which relies heavily on public sector wages and energy subsidies, must make radical changes like the provision of unconditional cash grants to sectors of society if it intends to revive its weak private sector, reports Al-Rai daily quoting an article published by The Banker Magazine recently. The article said the comprehensive basic income initiatives, which are intended to provide governments with regular and unconditional cash grants to segments of society, have reverberated frequently in recent years in countries such as Kenya, Brazil, Iran and Finland; while interest […]

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