Subsidies must give way to a universal basic income: Pranab Bardhan9 min read 13 Dec 2014, 12:32 AM IST
The development economist on the Modi government's initiatives and his stand on them, and MGNREGS
Mumbai: The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), says the programme is better targeted towards the poor than many other government welfare programmes.
Select your Category