Image source The blue Diamond New Delhi, Universal basic Income : Also termed as UBI, A Universal basic income if implemented it will be one of the biggest change India would have ever imagined, however implementing this would mean a cost of 4 to 5 percent of the GDP, which is not expected to be present in the Union Budget, but if implemented this would reduce poverty by upto 0.5 percent.
Not to forget the existing middle class subsidies and food, petroleum and fertilizer subsidies cost about 3 percent. Apart from this around 950 Central Government schemes cost around 5 […]
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