Jaitley said that while he was in favour of a cash payment to the poor in lieu of existing subsidies, he didn’t want a situation where UBI was given in addition to the existing subsidies. (Reuters) Jammu and Kashmir may become India’s first state to implement the universal basic income (UBI) plan that chief economic adviser Arvind Subramanian outlined in this year’s Economic Survey. Confirming this, J&K finance minister Haseeb Drabu said, “We had spoken about it in our budget and I have made a presentation on UBI for the state’s poor people to Union finance minister Arun Jaitley […]
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