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Universal Basic Income News
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The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.
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Chief Economic Advisor Arvind Subramanian, on Saturday said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.
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Chief Economic Advisor Arvind Subramanian on Friday said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.
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The Universal Basic Income (UBI) scheme should have a cut off income and people should be encouraged to give it up voluntarily, former World Bank Chief Economist Kaushik Basu has said.
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Even as the Niti Aayog has said that India does not have the necessary financial resources for the project, the government`s Economic Survey 2016-17 presented on Tuesday advocated a Universal Basic Income (UBI) scheme as an alternative poverty reduction mechanism in place of various ongoing social welfare programmes.
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