Chief Economic Advisor Arvind Subramanian and NITI Aayog Vice Chairman Arvind Panagariya aren't on the same page on the issue of Universal Basic Income scheme, a proposal being advocated by Subramanian. Subramanian may explore the possibilities of such a scheme in the Economic Survey which, if accepted by the government, could be an unprecedented decision anywhere in the world. Panagariya said, "At the current level of income and our needs for investment in health, education, infrastructure and defense, we simply do not have the necessary fiscal resources to transfer a reasonable basic income to 130 crore Indians."
Readers' Choice
The Bengal Fracture: How BJP Scripts Making Mamata Politically Redundant
FIR lodged against ex-Rera chief Baldi on former CS Gupta’s complaint
L K Atheeq appointed Financial Advisor to Karnataka CM; T G Nath Add CS
Former Himachal Pradesh CS Appointed Chairperson of PSERC
K K Pant gets additional charge of Himachal Chief Secretary
UBI: Subramanian and Panagariya not on same page
By IndianMandarins - 2017-01-25 11:30:40
Chief Economic Advisor Arvind Subramanian and NITI Aayog Vice Chairman Arvind Panagariya aren't on the same page on the issue of Universal Basic Income scheme, a proposal being advocated by Subramanian. Subramanian may explore the possibilities of such a scheme in the Economic Survey which, if accepted by the government, could be an unprecedented decision anywhere in the world. Panagariya said, "At the current level of income and our needs for investment in health, education, infrastructure and defense, we simply do not have the necessary fiscal resources to transfer a reasonable basic income to 130 crore Indians."
