-NDTV The scheme, announced during the budget in February promises Rs. 6,000 to 12 crore small and marginal farmer households each, at a total cost of Rs. 75,000 crore. As the government races to roll out PM KISAN, its flagship farmer cash handout scheme ahead of the elections, multiple challenges lie ahead. The scheme, announced during the budget in February promises Rs. 6,000 to 12 crore small and marginal farmer households each,...
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No shortcuts to income guarantee -Harsh Mander
-The Indian Express Rahul Gandhi’s proposed scheme will do more harm than good if it comes at the cost of existing subsidies for the poor. Congress president Rahul Gandhi signaled the earnestness of his party’s resolve to end poverty and hunger by announcing an untried policy instrument — a Minimum Income Guarantee for the poor. “Millions of our brothers and sisters” could not be allowed to “suffer the scourge of poverty”...
More »The great Budget "Cash for Votes" Scam - and other Cash Transfer Schemes -Jayati Ghosh
-Macroscan.org Jayati Ghosh argues that a combination of universal basic services, universal employment guarantee and universal pensions to ensure a minimum income is more workable and desirable rather than cash transfers to individual households. Please click here to access the article. ...
More »The pitfalls of a cash income support scheme -Prabhat Patnaik
-The Telegraph For starters, it would alter the prices at which such support was calculated for ensuring a basic real income With Rahul Gandhi’s announcement of the Congress’s “historic decision” to adopt an income guarantee scheme, the idea of a universal basic income, mooted in the Economic Survey two years ago, has suddenly got a fillip. It appears attractive at first sight: its universality avoids the discrimination, exclusion and jockeying that typically...
More »Upper caste Hindus richest in India, own 41% of total assets; STs own 3.7%, says study on wealth distribution -Anjali Marar
-The Indian Express A two-year-long study jointly undertaken by the SPPU, JNU and Indian Institute of Dalit Studies has revealed that only 22.3 per cent of the country’s higher caste Hindus own 41 per cent of the country’s total wealth Pune: Caste continues to play a significant role in the educational and professional choices available to an individual, and the resultant income and assets, reveals a two-year-long study jointly undertaken by...
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