Finance minister Arun Jaitley says for universal basic income to come into practice, the existing set of subsidies will have to go.
Edited excerpts:
Before you give the budget there was a lot of discussion on a scheme called universal basic income. Even your Chief Economic Adviser had an entire chapter devoted to the need for universal basic income. Is that idea still in the table or what are your thoughts on that? I think Arvind Subramanian’s idea which of course is now being globally discussed is a wonderful idea. Mahatma Gandhi also liked it. And in the economic survey […]
Full Post at pcmctimes.com