The study is a step in the right direction to answer some of the big questions about universal basic income, which just might be an ideal policy tool for recessions.
Supporters say it would reduce inequality and improve well-being, while opponents argue it would be too expensive and discourage people from going to work.
If no effort is made to consider how a minimum income guarantee is financed, then the expenditure would lead to cuts in public investment & higher borrowing.
If practicalities dictate that India’s tenuous social protection framework be sacrificed at the altar of a basic income, then it can actively undermine the social contract.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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