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.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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