The Universal Basic Income (UBI) as proposed in the latest Economic Survey, cannot be an add-on benefits like the existing welfare schemes and can be only introduced when no other welfare programmes are in existence, the government’s chief economic advisor Arvind Subramanian said today. For UBI to be put in place, all other existing welfare projects have to be withdrawn as the cost of this programme will exceed the combined cost of all existing welfare programmes, he said. "The cost of this programme (UBI) is so huge that it cannot be an add-on to the existing programmes as the […]
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