The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Arun Jaitley has finally made it clear where it stands on the concept of Universal Basic Income. Advocating the concept as an alternative to the various social welfare schemes in an effort to reduce poverty, the survey has listed out the benefits and costs of the UBI scheme.
The survey points out that while it is a conceptually appealing idea, there are several implementation challenges. One big risk it points out is of the scheme becoming an add-on rather than a replacement of current anti-poverty and social […]
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