The coronavirus lockdown has reinforced the merits of a basic income scheme. But apart from alleviating distress, the replacement of wasteful subsidies by a basic income scheme would even be financially prudent. It would make economic reform more viable and the public sector more efficient.
Posts tagged as “lockdown”
Police violence during the ongoing lockdown in India is dangerously undermining India's fight against the coronavirus. Liberia's experience with Ebola shows that community involvement is as important as the role of emergency services during a pandemic.
Across the world, countries have been forced to sacrifice economic activity to contain the spread of coronavirus. In India, lockdowns and restrictions will have an adverse impact across a range of issues, from NPAs in the banking sector, to trade in the chemical sector.