Representative Image
In a country where 21% of the population lives below the poverty line (of Rs 816 per capita per month in rural areas, and Rs 1,000 in urban areas), where the top 10% of the population own 53% of its wealth, with worsening inequality over the last two decades, a basic income could empower millions, even as the government said the programme might not be politically or economically feasible.
“A basic income’s emancipatory value is greater than its actual value," said Guy Standing, a professor at the School of Oriental and African Studies, University of London, who also implemented […]
Full Post at smartinvestor.business-standard.com