PM Modi's BJP led NDA government will be presenting Union Budget for the fiscal year 2017-2018 tomorrow. Expectations are increasing from all quarters and now speculation is on what Telangana government and people of the state expect from Finance Minister Arun Jaitley post demonetisation.
Telangana CM KCR introduced many development schemes and programs for the poor and now TRS government expects Union Government to make big announcement of Universal Basic Income scheme for those people living below the poverty line through a direct cash transfer scheme in the place of existing welfare schemes.
Telangana government is planning to bring all the welfare programs under UBI ambit if the decision is announced. Speculation is increasing that Union Government may announce Uniersal Basic Income scheme to make people happy and at the same time to check leakages in delivery of welfare schemes like public distribution system and social security pensions among others.
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This will enable people spend the amount for their necessity in case of emergency. Telaganana state already completed the seeding of Aadhaar data of beneficiaries with their bank accounts and with the welfare schemes almost completed TRS government feels it is apt time to implement UBI.
Telangana Finance Minister Eetela Rajender says “The implementation of welfare schemes involves 30 per cent of operational costs. This expenditure can be saved through direct cash transfer. Besides, the leakages and irregularities in the implementation and delivery process could be curbed,”
