-TheWire.in
The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It argues that winding up existing subsidies and welfare schemes could generate enough resources to institute UBI. To make this argument, the survey includes a table which lists the subsidies […]
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