Union Finance Minister on his way to present the Budget 2017-18. Source-www.pib.nic.in The Economy Survey 2016-17 talks about a big and important idea called the ‘Universal Basic Income’ or UBI, a minimum income which every individual can count on. This is important for India where a majority of people rely on seasonal employment through unorganised and unskilled jobs. UBI aims to give individuals choice and responsibility of spending an income according to their need. It is a shift of focus of beneficiaries, from households to individuals. UBI will involve direct cash transfers to bank accounts of beneficiaries. This is […]
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