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NEW DELHI – The economic fallout of the coronavirus pandemic and the ensuing lockdown has underscored the need for a wide compass social security net, like the Universal Basic Income, for the most vulnerable sections. The government’s Chief Economic Adviser Krishnamurthy Subramanian feels the scheme can become a possibility only if all subsidies provided by the government are eliminated.
"It (Universal Basic Income) is a theoretical idea. Unless, we ensure that all the other subsidies are removed, that idea cannot be actually be implemented," Krishnamurthy Subramanian told Cogencis in an interview.The Universal Basic Income scheme was mooted by the […]
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