Universal Basic Income may not be politically feasible in India: Arun Jaitley

Universal Basic Income may not be politically feasible in India: Arun Jaitley

Finance minister Arun Jaitley. The idea of Universal Basic Income proposed in the Economic Survey 2016-17 framed by chief economic adviser Arvind Subramanian. Photo: HT New Delhi: Finance minister Arun Jaitley on Sunday said the idea of Universal Basic Income proposed in the Economic Survey 2016-17 may not be politically feasible in today’s India.

Inaugurating a one-week teachers’ workshop on Indian economy at the Indian Institute of Technology, Delhi, Jaitley said this year, the survey sparked an important debate on subsidies. “Should we put money into the bank accounts (of the poor) as we are intending to do at the […]

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