What is a Universal Basic Income?
• A universal basic income (UBI) is an unconditional and universal right. It requires that every person should have a right to a basic income to cover their needs, just by virtue of being citizens.
• The Economic Survey (ES) 2016-17 says the time has come to think of UBI for a number of following reasons
• Social Justice – A UBI promotes many of the basic values of a society which respects all individuals as free and equal.
• Poverty Reduction – Conditional on the presence of a well-functioning fnancial system, […]
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