Economic Survey 2016-17 talks about the need to introduce Universal Basic Income (UBI) scheme in the country. This would replace the existing subsidy-based poverty alleviation programmes of the country. Justifying the need for UBI, the Economic Survey 2016-17 says, "India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them." Union Finance Minister Arun Jaitley tabled the Economic Survey 2016-17 in Parliament today. The survey listed some of the challenges that might impede India?s progress. These were: "ambivalence about property rights and […]
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