Minimum income guarantee could cost Rs 7 lakh crore

A minimum guaranteed income to one member each of the country’s 25% poorest households could cost over Rs 7 lakh cr. The calculation was based on a minimum wage payment of Rs 321 a day, translating into Rs 9,630 a month. The cost was expected to be over Rs 5 lakh crore if 18-20% of the households were targeted, as was indicated by P Chidambaram.

from Economy-News-Economic Times http://bit.ly/2DKf8Nb