Minimum Income Guarantee: How, what, when?
A guaranteed basic income through direct cash transfer could be more effective in supporting low income households when existing support programs like the Public Distribution System have not proved very effective.
- Jan 30, 2019,
- Updated Feb 8, 2019 3:50 PM IST
'Nothing is more powerful than an idea whose time has come,' said Victor Hugo. Minimum Income Guarantee is one such idea in a developing country like India with huge inequality in distribution of wealth - where large numbers of billionaires co-exist with large poor populace in the world.
The International Monetary Fund (IMF) in its 'Universal Basic Income - Debate and Impact Assessment', which released in December 2018, dwelt upon may critical aspects. A guaranteed basic income through direct cash transfer could be more effective in supporting low income households when existing support programs like the Public Distribution System have not proved very effective.
Four critical aspects dealt in the above referred paper are pertinent to introspect.
1. Why? What Goals2. Who?
3. What? How Much?
4.When?
'Nothing is more powerful than an idea whose time has come,' said Victor Hugo. Minimum Income Guarantee is one such idea in a developing country like India with huge inequality in distribution of wealth - where large numbers of billionaires co-exist with large poor populace in the world.
The International Monetary Fund (IMF) in its 'Universal Basic Income - Debate and Impact Assessment', which released in December 2018, dwelt upon may critical aspects. A guaranteed basic income through direct cash transfer could be more effective in supporting low income households when existing support programs like the Public Distribution System have not proved very effective.
Four critical aspects dealt in the above referred paper are pertinent to introspect.
1. Why? What Goals2. Who?
3. What? How Much?
4.When?