On Tuesday, Congress president Rahul Gandhi put the idea on the forefront of the political agenda by promising a minimum income guarantee to the poor.(PTI) A particular version of universal basic income (UBI), a welfare benefit that guarantees a certain threshold sum of money for everyone regardless of whether they work or not, is the next big political-economy idea fast catching up in India.
You could call it free money. It is an idea whose origins lie in the so-called Utopian Socialists. In India, UBI first became part of the official discourse when the country’s then chief economic adviser Arvind […]
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