Will budget announce an income transfer scheme? Govt debating pros and cons, says report

Will budget announce an income transfer scheme? Govt debating pros and cons, says report

Ever since the demonetisation of Rs 500 and Rs 1,000 notes happened, there has been speculation that Prime Minister Narendra Modi may be looking at ways to fulfill one of his high profile poll promises in 2014 – that once he comes to power he will get hold of the black money and transfer Rs 15 lakh into each Indian’s account. Media reports now say the government is discussing some thing of this sort, but definitely not the Robin Hood style fund transfer.

According to a report in The Economic Times today, the government is considering an income transfer scheme […]

US: Stanford University offers graduate course on Basic Income

US: Stanford University offers graduate course on Basic Income

Juliana Bidadanure , Assistant Professor of Philosophy at Stanford University, has designed a graduate seminar on the philosophy of basic income, which she is currently teaching for the winter quarter.

According to the official course description , the seminar will address questions such as the following: “[I]s giving people cash no strings attached desirable and just? Would basic income promote a more gender equal society through the remuneration of care-work, or would it risk further entrenching the position of women as caregivers? Would alternative policies be more successful (such as job guarantees, stakeholder grants, or a negative income tax)? […]

The Dangers of a “Universal Basic Income”

The Dangers of a

0 Comments Finland has announced that it is conducting a social policy “experiment” which deserves closer examination. Through 2017 and 2018, Finland will provide a guaranteed basic income of 560 euros to 2,000 randomly selected welfare recipients. This benefit will be subtracted from other, currently existing welfare benefits that participants may be receiving, and, crucially, the payments will continue regardless of any other income that is earned. If a participant of this program finds a job, the government will continue to pay them the 560 euros in addition to any other income.

The Finnish government hopes — and many believe […]

Budget 2017: Narendra Modi govt planning Rs 1,500 allowance for poor, unemployed

Budget 2017: Narendra Modi govt planning Rs 1,500 allowance for poor, unemployed

Budget 2017: Narendra Modi govt planning Rs 1,500 allowance for poor, unemployed Narendra Modi offer prayers at the Sri Venkateswara Swamy Temple in Tirupati, see pics

BHIM app launched: Here is everything about the app

10 times when PM Narendra Modi surprised Indians with his unexpected moves! Narendra Modi in Dehradun: PM addresses Parivartan rally in Dehradun, pays tribute to victims of Uttarakhand floods Narendra Modi in Varanasi: Demonetization, Rahul Gandhi, Smriti Irani—5 things the PM spoke about New Delhi, Jan 17: Prime Minister Narendra Modi led government could announce a national social security […]

Martin Luther King Jr. Was Way Ahead of the Curve on This Radical Economic Idea

Martin Luther King Jr. Was Way Ahead of the Curve on This Radical Economic Idea

Dr. Martin Luther King, Jr. spent the last years of his life fighting poverty in America — stressing that racial struggles cannot be separated from economic ones. In his final book, "Where Do We Go From Here: Chaos or Community?" King put forward a radical economic argument, asserting the government should provide all Americans with guaranteed basic income. Martin Luther King Jr. The idea of providing basic income to eliminate poverty spread among economists in the decades after King’s death. It has been re-popularized in recent years as American workers wrestle with income inequality and the rise of technology […]

Council votes to send basic income delegation to ask questions, lobby province

Council votes to send basic income delegation to ask questions, lobby province

Basic income delegation going before province. Smiths Falls Record News

And just when we thought the basic income pilot issue was dead before council — it was resurrected by Mayor Shawn Pankow.

In a surprise amendment put forward by Pankow at council’s special committee of the whole meeting on Jan. 16., the topic of the the provincially-led basic income pilot was allowed to be brought before council for the third time — again for the purpose of requesting council’s approval to send a delegation to lobby the province at the Rural Ontario Municipal Association (ROMA) being held at the end of […]

Martin Luther King Jr. Had Another Dream: A Universal Basic Income for All Americans

Martin Luther King Jr. Had Another Dream: A Universal Basic Income for All Americans

The editorial board at The Washington Post rankled some on Sunday night when they published a short essay making the questionable assertion that Martin Luther King, Jr. was a “conservative.” However, in the last year of his life, Dr. King advocated for the very “non-conservative” prospect of a guaranteed annual income for all Americans.

From Quartz : In 1967, the year before he was assassinated, King published a book titled, Where Do We Go from Here: Chaos or Community? In it, King held up a basic income as a solution to the poverty that afflicted people of all races in […]

Budget 2017: Govt mulling unemployment allowance scheme for poor

Budget 2017: Govt mulling unemployment allowance scheme for poor

The idea is being discussed as a means of addressing poverty and if a decision is reached, it could be announced in the February 1 budget by FM Arun Jaitley. NEW DELHI: The government is considering an ambitious income transfer scheme that could form the basis of a national social security system though opinion is divided over whether it should be a universal basic income or more focused support limited to the most vulnerable.

The idea is being discussed as a means of addressing poverty and if a decision is reached, it could be announced in the February 1 budget […]

Universal Basic Income. Really?

Universal Basic Income. Really?

When I chose to study economics after my intermediate exams, I used to ask few questions repeatedly to every economics student I came across. However, after a year or two, everyone was asking me the same questions. One of the constantly asked questions was, “Why doesn’t government directly transfer money in the accounts of below poverty line people and end poverty in their countries?” I had little to answer in the same way the finance minister of the de-facto government* of Indian controlled Kashmir has.

Like Mr Drabu’s earlier designation of “Political Sufi” about his Patron, Late Mufti Muhammad Syed, […]

Welfare By Another Name? Finland Experimenting With Providing Citizens With ‘Basic Income’

Welfare By Another Name? Finland Experimenting With Providing Citizens With ‘Basic Income’

Back during the primaries, when people hadn’t yet discovered that the DNC was fixing the outcome for Hillary, you would often see Bernie boosters extolling the virtues of Scandinavian socialism. Everything in Europe’s great white north was better than it is in America according to their oversimplified Facebook posts and Imgur memes. It probably won’t be long before we start hearing about the latest experiment in collectivism taking place in Finland. The Finnish is conducting a trial program to provide ‘basic income’ to citizens instead of traditional welfare.

Could it actually be a good idea though? Government social programs almost […]