After farm loan waiver and then universal cash transfer to farmers announced by the Centre (PM-KISAN Scheme) and several states, comes the call for Universal Basic Income (UBI) in some form. For instance, Rahul Gandhi has already promised a minimum income for all, if elected. Has the time for UBI really come in India?
What is UBI? Basically, it is an unconditional cash transfer (unlike in-kind benefits like subsidised food or freebies like bicycles or TV sets distributed by political parties) for all people (or at least all people below some income threshold). In less developed countries, it is being […]
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