Explained: What is Universal Basic Income?

Explained: What is Universal Basic Income?

Daily wage labourers who often work in hazardous conditions stand to benefit from the implementation of Universal Basic Income. Credit: Jorge Royan/ Wikimedia Commons . CC BY-SA 3.0

In the 2016-2017 Economic Survey of India, the then Chief Economic Advisor, Arvind Subramanian had floated the idea of a possible Universal Basic Income (UBI) in the near future. In fact, the survey had an entire chapter dedicated to it titled “Universal Basic Income: A Conversation With and Within the Mahatma”. In fact, even as recently as January 2019, the Centre had been mulling some variant of UBI in lieu of the […]

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