Subramanian — who had mooted the idea of universal basic income or a uniform stipend paid to every adult and child, poor or rich, in the annual survey of the economy this year — said such a move will have to be completely financed from within and implemented at a mass scale.
The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.
Subramanian — who had mooted the idea of universal basic income […]
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