-The Hindu Business Line It should have considered universal basic income. But sadly, budgets are not seen as a means to meet socio-economic goals The Union Budget attracts considerable media hype and debate. Democracy, if understood as a contract between the state and its citizens, may have to use the budgetary process to ensure not only prosperity for all, but justice or fairness to the most disadvantaged among them as well. A rational...
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Before Universal Basic Income, We Must First Get Social Spending Basics Right -Anjana Thampi and Ishan Anand
-TheWire.in The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It...
More »Low health spend alert
-The Telegraph New Delhi: India's Public Spending on Health is about five times lower than the world average, the Economic Survey released today has said, adding the country lacks good models of health care for replication nationwide. The survey, in a section on social sector expenditure trends, has pointed out that the government's annual expenditure on health was 1.2 per cent of the gross domestic product in 2013-14, 1.1 per cent in...
More »Universal Basic Income For India Suddenly Trendy. Look Out -Jean Dreze
-NDTV A recent headline in Quartz, an otherwise serious media agency, claims that Jammu and Kashmir is the first state in India to "commit to a universal basic income" (UBI). A glance at the original source quickly negates this claim: it is based on nothing more than "seeds of a thought" (sic) from the Finance Minister of J&K about possible cash transfers for a small minority of poor households. This is...
More »Esther Duflo, development economist and a professor at the department of economics at the Massachusetts Institute of Technology (MIT), interviewed by Roshan Kishore and Pramit Bhattacharya (Livemint.com)
-Livemint.com Economist Esther Duflo on demonetisation impact, role of randomized control trials in policymaking, low priority assigned to health and education in India New Delhi: India’s demonetisation of high-value currency notes is a dramatic example of a policy announcement made without any serious thought given to implementation, said Esther Duflo, one of the leading development economists of the world and a professor at the department of economics at the Massachusetts Institute of...
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