Universal Basic Income not feasible in near run, says Madan Sabnavis

There are essentially five sources of taxes for the union government which matters

While government’s push to infrastructure and tax concessions to households in Budget 2017 may propel the economy to some extent, reduction in corporate tax would have hastened the process even more, noted Madan Sabnavis, Chief Economist at CARE Ratings. He also said that Universal Basic Income is a long process and won’t see the light of the day any time soon. Edited Excerpts:

Finance Minister Arun Jaitley intends to set up mini labs in Krishi Vigyan Kendras. What is it all about?

The government is earnest in its endeavour to make farming more resilient. Mini labs are those which can