Universal Basic Income is a radical idea, but has to be implemented gradually: CEA

Universal Basic Income is a radical idea, but has to be implemented gradually: CEA

Making a point Chief Economic Advisor Arvind Subramanian addressing a press conference after tabling the Survey in Parliament on Tuesday ‘The proposal is an alternative to subsidies for poverty alleviation’

New Delhi, January 31:

Terming the proposal for a Universal Basic Income (UBI) as a “radical idea”, Chief Economic Advisor to the Finance Ministry Arvind Subramanian said the Survey is not advocating its immediate implementation. However, he was not averse to a pilot study being conducted.“The Survey is saying that UBI is a very new compelling idea. It has a lot of challenges. But, it is an idea whose time is […]

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