Will Jaitley take a cue from J&K and opt for Universal Basic Income in the budget?

New Delhi: Days before the Union budget which will be presented in the backdrop of disruptions caused by the demonetisation drive, the Jammu and Kashmir (J&K) government became the first to commit to a Universal Basic Income for all citizens living below the poverty line by providing direct benefit transfers, raising expectations that finance minister Arun Jaitley may follow suit.

In his third budget speech on Wednesday, J&K finance minister Haseeb Drabu said he would want to create a social security fund and provide a “Universal Basic Income” to all those living “below the poverty line” through a direct benefit […]

Universal basic income dominates French Socialists’ primary debate

Universal basic income dominates French Socialists' primary debate

The seven candidates to be Socialist-backed presidential candidate before the debate Reuters/Philippe Wojazer

A rebel Socialist’s call for a universal basic income dominated the first of three debate’s between the seven would-be centre-left candidates for France’s presidential election this year.

Rebel Socialist Benoît Hamon, who resigned as education minister in protest at what he saw as the government’s rightward drift, has made the basic income proposal his key policy and Jean-Luc Bennahmias, the leader of the small Democratic and Ecologist Union, also backs the call.And the question provided the only real controversy in the first of three televised debates ahead of […]

Basic Guaranteed Income project holds Kitchener consultation tonight

Basic Guaranteed Income project holds Kitchener consultation tonight

The City of Kitchener is the latest stop in a 14 city provincial tour to discuss whether or not the province should launch a pilot project for Basic Guaranteed Income (BGI).

The plan would guarantee people a monthly payment to supplement their income in order to reach a pre-determined basic earning level. A number of countries are either considering or have implemented similar pilot projects.

The Friday night consultation at the rotunda of Kitchener City Hall will ask the community: Who should be eligible? Where should the pilot take place? What should the basic income level be? How best to evaluate […]

Interactive model shows basic income’s effect

Interactive model shows basic income’s effect

Imagine entering a website for your country which after answering a few questions would inform you how much money you would receive from a basic income. This is net of any increased taxes from each of the financing models proposed to finance the UBI. This site will also tell you how the country would be affected overall. Each of the variables are listed and are changeable, which gives those interested the ability to measure results from all possible outcomes.

We have this now in a spreadsheet form , and it has been forwarded to all the members of the international […]

India’s most conflict-ridden state becomes the first in the country to commit to a universal basic income

India’s most conflict-ridden state becomes the first in the country to commit to a universal basic income

In a first, the restive Indian state of Jammu & Kashmir (J&K) plans to provide a basic income to all its citizens living below the poverty line (BPL). This is the first instance in India of a state committing to a universal basic income (UBI) policy.

In his state budget presentation on Jan. 11 , J&K’s finance minister Haseeb Drabu announced that the state will use direct benefit transfers, wherein the government puts money directly into citizens’ bank accounts, to implement this scheme. “I want to leave the seeds of a thought on how to transition from running social welfare […]

INDIA: State budget recommends cash transfers for the poor

INDIA: State budget recommends cash transfers for the poor

The Finance Minister of the northern Indian state Jammu and Kashmir (J&K) has endorsed what he calls a “universal basic income” — which would entail the replacement of existing subsidies with direct cash transfers — for all residents currently in poverty. Haseeb A Drabu, CC BY-ND 2.0 worldsteel

Finance Minister Haseeb Drabu presented the J&K state budget in a speech on Wednesday, January 11. The budget proposals included what was called “universal basic income”, though Drabu also stated that this universal basic income would be distributed only to those living below the poverty line.

As the economist Himanshu (Jawaharlal Nehru […]

How Universal Basic Income Could Rescue The Freelance Economy:from FastCompany.com – Where ideas and people meet | Fast Company

How Universal Basic Income Could Rescue The Freelance Economy:from FastCompany.com – Where ideas and people meet | Fast Company

How Universal Basic Income Could Rescue The Freelance Economy | Fast Company | Business + Innovation On January 1 Finland became the first country in history to launch a large-scale universal basic income trial . The two-year trial selected 2,000 unemployed Finnish citizens and will pay them €560 ($587) each month whether or not they find a job during the trial. There are also no requirements for reporting how they spend the money. The experiment aims to see if large-scale UBI programs could actually help boost employment and spur the economy by providing people with a small guaranteed income, […]

Give robots ‘personhood’ status, EU committee argues

Give robots 'personhood' status, EU committee argues

The European parliament has urged the drafting of a set of regulations to govern the use and creation of robots and artificial intelligence, including a form of “electronic personhood” to ensure rights and responsibilities for the most capable AI.

In a 17-2 vote, with two abstentions, the parliament’s legal affairs committee passed the report , which outlines one possible framework for regulation.

“A growing number of areas of our daily lives are increasingly affected by robotics,” said the report’s author, Luxembourgish MEP Mady Delvaux. “In order to address this reality and to ensure that robots are and will remain in the […]

CEO Argues Universal Basic Income Is Necessary for Social Stability

Bedingungsloses Grundeinkommen

It’s 2017 and universal basic income (UBI) is in the spotlight, thanks primarily to Finland’s pioneering experiment. But even before this, several countries had been considering UBI as an option – each with their own respective trial runs in the works. For instance, India’s Ministry of Finance is set to submit a report that endorses the viability of UBI.

They aren’t alone. The CEO of one of Germany’s largest telecommunications company, Deutsche Telekom (DT), gave his thoughts on the subject of UBI – or bedingungsloses Grundeinkommen – in a recent interview with German daily Handelsblatt. DT CEO Timotheus […]

Ontario Town Rejects $1,320 Monthly Basic Income for its Residents

Ontario Town Rejects $1,320 Monthly Basic Income for its Residents

Last year, Ontario’s Liberal government announced a series of basic income pilot projects. The projects would test a $1,320 per month basic income for unemployed residents of select towns in the province.

Smith’s Falls, a small city near Ottawa, has voted not to participate.

Despite support from the city’s mayor, council voted 3-2 against implementing a basic income for its residents. Smith’s Falls is still reeling from the closure of a Hershey’s plant and Stanley Tools, which together employed almost a thousand people. “I have to believe they didn’t understand what they were voting down,” said one resident . “This can […]