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Universal basic income can boost consumption instead of I-T cut: Arvind Subramanian -Gireesh Chandra Prasad * 'If you want to boost consumption, it has to be a direct benefits transfer or a universal basic income, not a personal income tax cut,' the former CEA said in New Delhi * Subramanian said that India has infused quite a bit of capital into stressed state-run banks and any further capital infusion should be linked to reforms New Delhi: A universal basic income, rather than a cut in the tax...

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Arvind Subramanian, ex-Chief Economic Advisor (CEA), interviewed by Prashant Jha

-Hindustan Times Subramanian says due to less suitable global economic scene, reaching double-digit growth will need more hard work The announcement that Arvind Subramanian, India’s Chief Economic Advisor (CEA), is quitting for personal reasons to return to the United States has generated considerable attention. The CEA spoke to Prashant Jha about his time in government and the state of the economy: * As you look back, what are the key highlights and the...

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