In his first ever interaction with the public through Facebook Live, Arvind Subramanian, the chief economic advisor to the Finance Ministry, discussed the idea of Universal Basic Income (UBI) again and said it will bring the people out of poverty, if implemented. The idea of UBI was recently proposed in the Economic Survey for 2016-17 presented ahead of the Union Budget.
The Survey described UBI, a form of social security in which everyone is allotted a basic allowance, as "a powerful idea" but one that’s "not ready for implementation".
"The amount that is given (under UBI) will be enough to guarantee […]
Full Post at profit.ndtv.com