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| Last week, the Rajasthan state Assembly passed “The Minimum Guaranteed Income Bill”. Those who supported this Bill have called it “revolutionary” and “historic” while its opponents have accused the government of “misleading” people and “fooling” them on the eve of Assembly elections. Some argue that this Bill (as indeed the other such initiatives) might end up being counter-productive for the state’s economy as it might undermine the process of normal economic growth because such laws rob people of their need to work and thus raise the labour costs. In other words, if people already have free electricity, free food, and easy income guarantees, why would they work at all? Some even argue that such initiatives make the relatively poorer Indians lazy. The supporters of such initiatives, on the other hand, argue that these are bare essentials and much needed at a time when there is widespread economic distress. | | | |
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