-The Telegraph New Delhi: The Centre today proposed its highest ever budget allocation for the rural job guarantee scheme but critics rued that the increase was just Rs 500 crore over the revised allocation last year. Finance minister Arun Jaitley announced Rs 48,000 crore for projects and payment under the Mahatma Gandhi National Rural Employment Guarantee Act, flagging the hike from the Rs 38,500 crore allocated last year (See chart). Social activists, however,...
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Cash-for-all worth a debate: Economic Survey
-The Times of India NEW DELHI: Universal Basic Income (UBI) or direct cash transfer is a powerful idea that mandates serious discussion, the Economic Survey said on Tuesday as it presented scenarios both for and against the scheme — which is aimed at eradicating poverty. It said that a UBI that reduces poverty to 0.5% would cost between 4-5% of GDP, assuming that those in the top 25% income bracket do...
More »Why I fear Union Budget 2017 -Yogendra Yadav
-Firstpost.com I fear this budget. I fear that Finance Minister Arun Jaitley MIGht announce an idea that I have liked and advocated: The idea of a Universal Basic Income. I fear it because Jaitley may use this label to justify something quite the opposite. In the process, he MIGht ruin a good idea. Straws in the wind indicate that he MIGht try something to this effect. Demonetisation was part of a grand...
More »Case for targeted basic income -Puja Mehra
-The Hindu The idea of a basic income is not new. The first known suggestion on an unconditional universal basic income for all adults regardless of other income sources was from Thomas More. Centuries later, in 1918, Bertrand Russell discussed a basic income sufficient for necessities as central to the social model combining the advantages of anarchism and socialism that he argued for in Proposed Roads to Freedom. “A certain small...
More »The majority at the margins -Jayati Ghosh
-The Indian Express Protests by the people against inequality are producing governments that move exactly in the opposite direction We all know that the world is an unequal place, both across and within countries. We also know that across the world, people are expressing their anger and disgust at this inequality. This is increasingly revealed in extreme and often paradoxical political results. In the US, a vote against the establishment has just...
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