UNIVERSAL BASIC INCOME: Hidden agenda of benevolence?

http://www.thehindu.com/opinion/lead/The-hidden-agenda-of-benevolence/article17117821.ece

Excerpts:
"Back in 2008, in an influential paper in the Economic and Political Weekly titled ‘The case for direct cash transfers to the poor’, Arvind Subramanian, the present Chief Economic Adviser of the government, along with economists Devesh Kapur and Partha Mukhopadhyay, argued that the ₹1,80,000 crore spent annually on centrally sponsored schemes and assorted subsidies should instead be distributed as cash directly to 70 million households below the poverty line. Put simply, the UBI in India is nothing but the old wine of direct cash transfer in a fancy new bottle."


Comments

Unknown said…
UBI may seem folly in India where over a quarter of the world’s truly poor to give people money for nothing...

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