By Barendra Kumar Bhoi
In the Economic Survey 2016-17, Arvind Subramanian, the former Chief Economic Adviser, for the first time initiated a debate on Universal Basic Income (UBI) in India. In western countries, UBI is prevalent as existing social security measures are often inadequate to sustain the minimum standard of living by the poor people. In the West, UBI is not a permanent feature of public policy, as young people get jobs, at least in the upswing of the business cycle, while old and disabled manage their affairs with the available social security measures.
While presenting the Interim Budget, the […]
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