Can we lift the poor out of their poverty by paying them Rs 21 per day? The CEA and the FM think so

Can we lift the poor out of their poverty by paying them Rs 21 per day? The CEA and the FM think so

Finance Minister Arun Jaitley, for the first time, came upfront to share his views last Sunday on the hotly-debated topic of the Universal Basic Income (UBI) broached by the Chief Economic Adviser (CEA) Arvind Subramanian in the Economic Survey on 31 January this year.

While inaugurating a workshop on “Contemporary Themes in India’s Economic Development and the Economic Survey” at IIT-Delhi, Jaitley said: “I am fully supportive of his (Arvind Subramanian’s) idea of Universal Basic Income but realise the limitations of Indian politics.”

Jaitley went on to add: “This year, the survey has initiated a very important idea as to how […]

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