Once implemented, the scheme might provide direct cash transfers to beneficiaries, to the tune of Rs 10,000 per annum The Economic Survey 2016-17 presented by Finance Minister Arun Jaitley advocates for a Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty, according to a Finance Ministry release.
Addressing reporters, the Chief Economic Adviser to the government, Arvind Subramanian said, “Universal Basic Income is a radical new idea; an idea whose time is right for deliberation, not necessarily for immediate implementation,” after saying “There was a pilot project in Madhya Pradesh. […]
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