Finance minister Arun Jaitley on Thursday signalled that the government had not ruled out implementation of universal basic income but acknowledged that it could not happen until the existing subsidy regime was overhauled.
Replying to a debate on the budget in the Lok Sabha, Jaitley said the concept of a universal basic income had found mention in the budget speech of Jammu and Kashmir finance minister Haseeb Drabu. The Economic Survey 2016-17 also spoke about universal basic income, saying that the time had come to start a debate on the concept.
Jaitley said that the Economic Survey typically floats ideas for […]
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