Moneycontrol News
The International Monetary Fund (IMF) has pushed for introducing unconditional Universal Basic Income to Indian citizens by eliminating both food and fuel subsidies.
Under Universal Basic Income, every citizen of a country receives a basic amount of money as minimum guaranteed income regardless of their economic status. It is a kind of social security for citizens and the money is transferred directly to their bank accounts.The uniform UBI for every person is calculated for 2011-12 at Rs 2,600 annually, which is equivalent to about 20 percent of median per capita consumption in that year. IMF reached the estimation […]
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