The Indian government has endorsed universal basic income (UBI) in an annual report.
UBI is a “powerful idea” and would be more effective at combating poverty than existing state benefits, according to the country’s 2016-2017 Economic Survey.
However if it were implemented now political challenges could "derail" UBI before it got off the ground, the survey found, suggesting the country is not yet ready for the scheme.The introduction of UBI is not expected to be announced in the Union Budget, which will be delivered in Parliament by Finance Minister Arun Jaitley on Wednesday, but it could be tabled for discussion in […]
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