Universal Basic Income Scheme
The economic survey 2016-17 nominated in parliament today by the Union Finance minister Shri Arun Jaitley has promoted the concept of UBI (Universal Basic Income) scheme as the alternative to numerous social welfare schemes with an effort to decrease poverty. The survey says that UBI will poverty to 0.5% would cost between 4 to 5 percent of GDP, assuming that those in the top 25% income bracket will not take part. Alternatively, the existing middle-class subsides & food, fertilizer, and petroleum subside cost about 3% of GDP. What Is Universal Basic Income Scheme?
In simple […]
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