Reserve Bank Governor Raghuram Rajan has made what is probably the most cogent case in favour of direct benefit transfers (DBT) to pull the poor out of poverty. He has gone beyond the familiar argument that transferring money into Aadhaar-enabled bank accounts is a less leaky and market-distorting way to help the poor than providing them under-priced grain, fuel and essential public services. In doing so, he has pointed out..........
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