Universal basic income (UBI) will guarantee all citizens enough income to cover their basic needs and would be easier to administer than the current anti-poverty schemes, which are plagued by waste, corruption, and abuse. (Reuters) 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 or a uniform stipend paid to every adult and child, poor or rich, in the annual […]
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