It is the Budget season. The good, bad and ugly (ideas) will be on display. One idea that is in the realm of speculation is Universal Basic Income (UBI). The Chief Economic Adviser has promised a detailed analysis of the subject in the Economic Survey that will be presented to Parliament on the eve of the Budget. However, there is no word yet from the government. Usually voluble ministers have been careful not to utter a word on the subject.
UBI is not a novel idea. Countries that have a comprehensive social security scheme provide a cash payment as well […]
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