Economic Survey Moots Universal Basic Income To Replace Existing Subsidies

Economic Survey Moots Universal Basic Income To Replace Existing Subsidies

The Survey advocated the concept of UBI, positing it as an alternative to various social welfare schemes currently running in the country. The survey analysed the costs and benefits of such a scheme and said that it is a “conceptually appealing idea” but with a number of implementation challenges.

The Survey said that UBI should be based on the principles of universality, unconditionality and agency.

It concluded that a more efficient way to help the poor would be to provide them with resources directly through UBI as opposed to allocating resources to various Centre- and state-run schemes where misallocation is a […]

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