Universal basic income (UBI) is an old idea that is gaining traction as governments look to revamp their social safety nets. India is the most serious new aspirant. India is actively weighing the idea and the main opposition Congress party has already promised that it will implement a variation of a universal basic income (UBI) targeted at 50 milion families if it wins the country’s upcoming national election.
In a UBI system, the government gives citizens a regular infusion of free cash with no strings attached. If implemented, India would join Finland in providing free money to its citizens. However, […]
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