Category: Basic Income

Giving more money to people via schemes such as PM-KISAN, boosting infra spend. The finance ministry will present arguments for and against these suggestions before a decision is taken at the highest level, a government official said. The budget w…

Slab rationalisation as suggested by the direct tax task force could entail a substantial drop in revenues without effective measures to widen the tax net, experts said. NEW DELHI: A flat tax rate without exemptions, new slabs for those earning higher incomes, cuts in personal income tax in line with those in corporate tax — these proposals are […]

Full Post at economictimes.indiatimes.com

The table for calculating child support that a divorced parent pays to the other parent living with their children has been updated by the Supreme Court’s Legal Training and Research Institute for the first time in 16 years. The move was prompted by criticism that the amount of child support paid on the basis of the table used in divorce trials is too low — a factor that leaves many single-parent households mired in poverty.

The update to increase child support will indeed help improve the financial conditions of single-parent families — though not significantly. However, a larger problem is […]

Full Post at www.japantimes.co.jp

Democratic presidential hopeful Andrew Yang. Andrew Yang, a former tech executive, has never held public office. But that hasn’t stopped him from running the most successful dark horse campaign of the election cycle.

His platform centers around creating a universal basic income — giving every American citizen over the age of 18 $1,000 per month. His “Freedom Dividend” proposal has ignited debate and made him a favorite among many, especially young people, looking to shake up the economic status quo.

Yang has no experience in government, which makes figuring out where he stands on Jewish issues more challenging. However, there is […]

Full Post at www.thejewishstar.com

The ongoing separate battles going on between Democratic presidential candidates Andrew Yang and Tulsi Gabbard versus mainstream media have been well documented by multiple publications and video channels. The videa above is just one of many independent journalists who have noticed the media blackout that seems to be victimizing two of the middle tier candidates who may very well be in the top tier if they got media attention.

Before diving into why I believe both are getting the cold shoulder from mainstream media, let’s look at what each of them represents. Andrew Yang is a businessman who is not […]

Full Post at noqreport.com

Ex-CEA Arvind Subramanian at the Idea Exchange programme. (Express Photo)

Arguing against a major restructuring of personal income tax at this juncture to give relief to taxpayers, former Chief Economic Adviser Arvind Subramanian said on Tuesday that instead, the forthcoming Union Budget (2020-21) ought to bring back honest accounting of the Centre’s finances and refrain from rolling out any additional fiscal stimulus. Rather than coming out with any surprises or making dramatic announcements, the Budget should set realistic and modest targets, without any undue stress on fiscal consolidation either, he said at the Indian Express Group’s Idea Exchange programme here.

According […]

Full Post at indianexpress.com