Universal Basic Income an alternative to subsidies for poverty alleviation: Economic Survey

Universal Basic Income an alternative to subsidies for poverty alleviation: Economic Survey

A labourer sits on sacks of food grains while waiting for customers at a wholesale market in Ahmedabad, December 14, 2016. | Reuters NEW DELHI: Positioning Universal Basic Income as an alternative to various social welfare schemes in a bid to reduce poverty, the Economic Survey today said UBI is a "powerful idea" whose time has come for serious discussion.

"The UBI is a powerful idea whose time even if not ripe for implementation is ripe for serious discussion," said the Economic Survey for 2016-17, which was tabled in Parliament by Finance Minister Arun Jaitley.

Stating that the Mahatma would have […]

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