Arvind Subramanian says a pre-requisite for Universal Basic Income is a functional Jan Dhan, Aadhaar and Mobile system that ensures cash transfers directly to the accounts of beneficiaries. Photo: Pradeep Gaur/Mint Ahmedabad: Chief economic advisor Arvind Subramanian said on Friday that the Universal Basic Income (UBI) advocated by the Economic Survey can be put in place only after the withdrawal of existing welfare schemes.
“The cost of this programme (UBI) is so huge that it cannot be an add-on to the existing programmes as the government cannot afford it and the government’s finances will go bust,” Subramanian told students of […]
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