The unwieldy subsidy regime can be done away with and the savings thus made can be directly passed on to the needy in the form of cash
#GDP #Arvind Subramanian #income #UBI #economic survey
Universal basic income (UBI) has been the talk of the town in policy circles for a while, more so in the aftermath of the global downturn. In India, Arvind Subramanian, former chief economic adviser to the finance ministry, championed the idea and devoted a full chapter to it in the Economic Survey of 2016-17. UBI is considered the mother of all social welfare schemes, and […]
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