J&K finance minister Haseeb Drabu (left) ahead of the state budget presentation on Wednesday. Photo: PTI New Delhi: Jammu and Kashmir (J&K) became the first to commit to a “Universal Basic Income” to all citizens living below poverty line by providing direct benefit transfers.
Presenting his third budget and the first by any state for 2017-18, J&K finance minister Haseeb Drabu said a UBI instead of a plethora of social sector schemes will not only eliminate leakages but also dramatically reduce the cost of delivery.
The idea is consistent with the finance minister’s plans to recast the state budget to focus […]
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