The Survey estimated that a UBI that reduces poverty to 0.5 per cent would cost 4-5 per cent of GDP, assuming that those in the top 25 per cent income bracket are not part of the loop. nvoking Mahatma Gandhi’s vision of "wiping every tear from every eye", the Economic Survey today made a strong pitch for implementing Universal Basic Income (UBI) that stipulates a certain income for the poor. I
"UBI is a powerful idea whose time, even if not ripe for implementation, is ripe for serious discussion," said the Economic Survey for 2016-17, which was tabled in Parliament […]
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