The Economic Survey is not advocating universal basic income for immediate implementation but the time is ripe for deliberation, says chief economic adviser Arvind Subramanian. Photo: Pradeep Gaur/MintNew Delhi: The Economic Survey 2017 made out a strong case for Universal Basic Income (UBI), presenting it as a radical solution to alleviating abject poverty. The report said Universal Basic Income is a powerful idea that should at the least be debated seriously. “The survey is not advocating universal basic income for immediate implementation but the time is ripe for deliberation. The economic survey argued that a prerequisite for the success of Universal Basic Income is JAM (Jan Dhan accounts, Aadhaar and Mobile); the government would also have to address the key question of centre-state shares in funding of Universal Basic Income.

Source: Mint January 31, 2017 16:50 UTC