a special fund has also been set up to compensate for layoffs in sectors undergoing capacity reduction as a remarkable step towards universal health coverage a health insurance scheme was introduced to cover one third of the population when people have to make hospitalization expenditures and a universal basic income scheme is under consideration india ministry of finance a to accommodate such ambitious programmes the government is reprioritizing expenditures by phasing out fuel subsides for instance enhancing expenditure efficiency such as by reducing leakages through direct benefit transfers and pursuing tax reforms to boost revenues by curbing tax evasion for example through demonetization reducing distortions by imposing a nationwide goods and services tax for example and enhandng progressivity such as by adding a surcharge on top incomes