The Indian Universal Basic Income, or UBI, is an idea that is now being discussed across the world, with Finland becoming the first large economy to contemplate it. Indeed, Kela, Finland’s social security agency started a pilot programme that would provide 2,000 citizens a basic income of 560 euros every month. This income is in lieu of all other social schemes. What is interesting is that these selected people would retain this income even if they were to find a job.
The scheme has had its advocates and its detractors. The latter are not just fiscally conservative politicians but […]
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