NEW DELHI: The government must allocate a bigger percentage of expenditure towards social services and the social sector to make the most-vulnerable population resilient to sudden shocks and stop their descent into poverty, a study commissioned by the economic advisory council (EAC) to the PM has said.
It also backed universal basic income to reduce the income gap as well as devising an urban MGNREGA to rehabilitate surplus labour. “Raising minimum income and introducing universal basic income are some of the recommendations that can reduce the income gap and equal distribution of earnings in the labour market,” according to the report prepared by the Institute of Competitiveness.
