By Sayali Mahashur and Soumitra Pathare As machines take over the world, the need for Universal Basic Income (UBI) is a ubiquitous opinion backed by eminent economists like Nobel laureates Peter Diamond and Christopher Pissarides, among others. Even usually bickering Mark Zuckerberg and Elon Musk both agree on the matter of Universal Basic Income.
Although India is still far away from UBI, some low- and middle-income countries, (LMICs) like Brazil, Indonesia, and Kenya have experimented with a modified version of UBI, ‘conditional cash transfer (CCT) programs’. CCT programs are considered an effective anti-poverty measure as they are designed to give […]
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