poverty in india This year’s Economic Survey talked about rolling out a Universal Basic Income (UBI).That is a radical idea for tackling poverty. The Survey says that the scheme would nearly wipe out poverty although there are “considerable implementation challenges”. The report calls for pilot trials before rolling out UBI nationally. The idea behind universal basic income is simple: a regular state payment to all citizens, regardless of working status.
According to the chief economic adviser Arvind Subramanian, UBI would promote social justice, and empower the country’s poor. He estimates that the scheme would reduce nationwide poverty to 0.5%, and […]
Full Post at www.economylead.com