Modi’s Universal Basic Income Gambit

According to the MSN news, the Modi government is preparing to introduce a universal basic income (UBI) scheme before next year’s general election. The government will transfer a certain amount into the bank accounts of citizens who are unable to earn an income. The Centre has been facing a relentless Opposition onslaught over a slew […]

Hard to Solve Job Issue?

A couple a days ago the chief economic advisor of Modi government Mr. Arvind Subramanian said that India’s current employment challenge is particularly difficult as sectors that did well in generating jobs in the country’s previous economic boom years — information technology (IT), construction and agriculture – are in trouble now. The IT sector that […]

Indian Companies Continue to Fire Workers

The Indian companies are trapped between the Scylla of worsening economic condition world over – e.g., rising nationalism and its corollary protectionism, slowing world economy amidst the huge government, corporate and household debt overhang, increasing trend of automation amidst socialist economic policies etc., – and the Charybdis of increasing government interference, in the form of […]