Universal basic income: Definitely seductive, but is it fiscally feasible?

Under this welfare mechanism, all existing subsidies would give way to a single unconditional cash transfer to all citizens; but there are some nagging issues about its implementation

Government, oil firms inflated PAHAL subsidy savings: CAG

Following the drubbing in the recently concluded state assembly elections, there is intense speculation over what the Narendra Modi-led government might announce in order to sway the electorate in the upcoming general elections.  Several possibilities, such as a farm loan waiver or an income transfer along the lines of Telangana’s Rythu Bandhu, are being talked about. Another possibility is that the government may announce a universal or quasi-universal basic income transfer. Former chief economic advisor Arvind Subramanian, who had earlier elaborated on the ...