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Economic Survey: UBI scheme an alternative to state subsidies for the poor

JAM and Centre-state cost sharing prerequisite for a successful Universal Basic Income

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BS Web Team New Delhi
The Economic Survey 2016-17 tabled in Parliament today by the Finance Minister Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty, the government said in a release. 

The survey juxtaposes the benefits and costs of the UBI scheme in the context of the philosophy of the Father of the Nation, Mahatma Gandhi.

The Survey states that the Mahatma as an astute political observer, would have anxieties about UBI as being just another add-on Government program, but on balance, he may have given the go-ahead