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INDIA: Ajit Ranade, “From NREGA to universal basic income”

(Credit to: THe Freepress Journal)

(Credit to: The Freepress Journal)

Anjit Ranade, senior economist based in Mumbai, writes in The Free Press Journal that a direct universal cash benefit “can replace ill-targeted subsidies on cooking gas, fertiliser and food grain,” under India’s current welfare system.

4.2% of India’s Gross Domestic Product (GDP) is spent on subsidies: electricity, fertilizer, food, oil, rail, and water. Many of the subsidies do not make their way to the purported beneficiaries because they are untargeted. Ranade reports, targeted subsidies can use the subsidies better.

Vijay Roshi, Reader in Economics at Oxford University, is an early supporter of UBI for India. With all considered, Roshi sees UBI as a possibility with 3.5% of India’s GDP. Ranada said, “UBI is based on a Gandhian principle: societal welfare is determined by how we treat our worst off.”

Read the full article here:

Ajit Ranade, “From NREGA to universal basic income“, The Free Press Journal, December 12th, 2016

About Scott Douglas Jacobsen

Scott Jacobsen has written 26 articles.

Scott Douglas Jacobsen researches with varied research labs and groups, and works part-time in landscaping. He founded In-Sight: Independent Interview-Based Journal and In-Sight Publishing. He authored/co-authored some e-books, free or low-cost. If you want to contact Scott, you may inquire or comment through e-mail: Scott.D.Jacobsen@Gmail.com. He is a Tobis Fellow (Fall, 2016) at the UCI Interdisciplinary Center for the Scientific Study of Ethics and Morality (Ethics Center), weekly interview columnist for Conatus News, writer and Executive Administrator for Trusted Clothes, the Vice President of Outreach for the Almas Jiwani Foundation, Councilor for the Athabasca University Student Union, member of the Learning Analytics Research Group, writer for The Voice Magazine, Your Political Party of BC, Progressive Party of BC, Marijuana Party of Canada, BC Refederation Party, and Little Footprints Big Steps International Development Organization, Community Journalist/Blogger for Gordon Neighbourhood House, member-at-large and writer for Canadian Students for Sensible Drug Policy, and member of the Lifespan Cognition Psychology Lab and IMAGe Psychology Lab.

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