On January 28, Congress president Rahul Gandhi announced the party is “committed to a Minimum Income Guarantee for every poor person”. His brief announcement raised more questions than answers. The financial scale of a scheme that gives a monthly income to the poor in India will be huge. Therefore, how will it be funded? If […]
Tag Archives: Income transfers
On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements, […]
