Tag: cash transfers

 

Reducing Poverty in India with the Power of Digital Payments and UBI

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Demonetization is yesterday’s news. The India of today is going full steam ahead towards a digital economy powered by financial inclusion, the mobile revolution, and Aadhaar—the biometric ID system that now covers 90 percent of its 1.3 billion population. And the social compact of the future will restructure subsidies and provide a basic income for the poor.

Two Views on Fighting World Poverty

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Yesterday, Lant Pritchett expressed his bewilderment at my open letter to Bill Gates advocating cash for the poor rather than chickens. I think Lant’s right and he’s wrong. We have to focus on the big picture and economic growth as a society, but I think there’s a strong argument for directly tackling the worst poverty now.

Getting Kinky with Chickens

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“Chickens versus cash” might be the “best investment” for a very narrow question, but I argue it probably isn’t in the top 100 value for money research questions in development economics.

Universal Basic Income: What Would Mahatma Gandhi Do?

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Should India go for Universal Basic Income or not? This year's Economic Survey includes a thoughtful, cogent, and thorough discussion of the potential to replace India’s vast complex of subsidies and targeted in-kind benefits to the poor with a guaranteed cash transfer to all citizens.

A Cash Bailout for Zimbabweans that Deserves Support

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For once, some good economic news out of Zimbabwe: a recent humanitarian cash transfer pilot is showing promising results. While I’ve adamantly opposed a bailout for the Mugabe regime, a bailout for the population—if the cash is delivered directly to citizens—is something all friends of Zimbabwe should get behind.

How Can Digital Payments Strengthen State Capacity? Four Areas with High Potential

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These recent developments in identification, combined with rising mobile phone ownership, broadening Internet access, and innovative payment delivery mechanisms, can be harnessed to transform the way states implement poverty-reduction programs and improve the lives of their citizens. Digital payments promise faster, more transparent, and lower-cost delivery for existing cash-based government transfers, and can also transform the way governments deliver subsidies. In a new background paper, Dan Radcliffe reviews the evidence on the gains from digital payments and pinpoints four ways in which they can improve development outcomes.

Aadhaar-Based Cash Transfers: Promising Reform, but More Data Needed

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India’s shift towards direct benefit transfers (DBTs) is on the fast track. According to official statements, in the 2015-16 fiscal year the central government deposited nearly $5 billion of subsidy and welfare payments directly into the bank accounts of 300 million beneficiaries. It has also set an ambitious target to transfer all payments to the Aadhaar-based biometric DBT platform by the end of 2017. This will surely be the greatest subsidy reform in the world, but we need more data to accurately evaluate its impact.

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