The Finance Minister of the northern Indian state Jammu and Kashmir (J&K) has endorsed what he calls a “universal basic income” — which would entail the replacement of existing subsidies with direct cash transfers — for all residents currently in poverty. Haseeb A Drabu, CC BY-ND 2.0 worldsteel
Finance Minister Haseeb Drabu presented the J&K state budget in a speech on Wednesday, January 11. The budget proposals included what was called “universal basic income”, though Drabu also stated that this universal basic income would be distributed only to those living below the poverty line.
As the economist Himanshu (Jawaharlal Nehru […]
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