Category: Basic Income

"The UBI must be embraced in a deliberate, phased manner as it allows reform to occur incrementally — weighing the costs and benefits at every step." The Economic Survey has proposed a Universal Basic Income (UBI) that ensures every citizen has a right to a minimum income to cover their basic needs as a long-term solution to reduce poverty in the country.

“The UBI must be embraced in a deliberate, phased manner as it allows reform to occur incrementally — weighing the costs and benefits at every step,” said the Economic Survey 2016-17 tabled by finance minister Arun Jaitley in […]

Full Post at economictimes.indiatimes.com

Consultations on a basic income pilot project have been held in Windsor.

The province is planning to spend $25-million over a three year period.

Community and Social Services Minister Helena Jaczek says the only other basic income pilot project was in Manitoba in the 1970’s but the findings weren’t conclusive. "There were some hints that there was less hospitalization, there was some evidence that high school completion was more common in the families that received this," says Jaczek. "So, there were sort of hints at potential benefit."Jaczek still needs to determine where the pilot will be hosted, how many will participate […]

Full Post at www.iheartradio.ca

New Delhi: Invoking Mahatma Gandhi’s vision of "wiping every tear from every eye", the Economic Survey Tuesday made a strong pitch for implementing Universal Basic Income (UBI) that stipulates a certain income for the poor.

"UBI is a powerful idea whose time, even if not ripe for implementation, is ripe for serious discussion," said the Economic Survey for 2016-17, which was tabled in Parliament by Finance Minister Arun Jaitley.

Stating that the Mahatma would have anxiety about UBI as being just another add-on government programme, but on balance may have given the go-ahead, the Survey pointed out that the two pre-requisites […]

Full Post at zeenews.india.com

Jeff Durham reacts to the sentencing of Matthew Brush for the murder of Cassandra Kaake outside of Superior Court in Windsor on Monday, January 30, 2017. Matthew Brush was sentenced to life with no chance for parole for 22 years for the killing. Windsor Star photographers covered the city and county Monday. Check out the gallery. Family and friends react to the sentencing of Matthew Brush for the murder of Cassandra Kaake outside of Superior Court in Windsor on Jan. 30, 2017. Matthew Brush was sentenced to life with no chance for parole for 22 years. Jeff Durham reacts […]

Full Post at windsorstar.com

Arvind Subramanian presented Chief Economic Survey today which included analysis of notes ban. India’s annual $300 billion budget is always unveiled with great pomp and circumstance. The finance minister quotes Shakespeare. The president arrives to Parliament in a horse-drawn carriage. So it’s not surprising when the country’s chief economics adviser unveiled a dramatic new proposal that would provide no-strings-attached cash stipend for millions of Indians, he posed it as a philosophical question.

What would Gandhi think?

No doubt India’s revered freedom fighter and champion of the poor might have some questions about the idea Arvind Subramanian put forth in India’s economic […]

Full Post at www.ndtv.com

New Delhi: While the nation waits for Union Budget 2017 with bated breath, the Economic Survey 2016-17 proposes two major policies. The survey was tabled in the Parliament by Union Finance Minister Arun Jaitley on Tuesday.

Jaitley proposed the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The second idea put forth by the FinMin is incentivising good fiscal performance by states.

In this connection, the survey noted how several states have adopted Fiscal Responsibility Legislations (FRL) mirroring the Centre’s Fiscal Responsibility and Budget Management (FRBM) Act in […]

Full Post at mumbaimirror.indiatimes.com

THOMAS COLSON of Business Insider reports that the Indian government is set to endorse universal basic income. Professor Guy Standing, cofounder of Basic Income Earth Network, or BIEN (which is Spanish for “good”), says “the Indian government finds the idea feasible and the best way forward”.

The idea is simple: A regular state payment made to all citizens regardless of age and working and civil status. It provides a safety net for all citizens by putting a little money in their pockets while doing away with useless bureaucracies and social agencies dispensing social aid selectively, pocketing a lot of it […]

Full Post at www.businessmirror.com.ph

Deccan Chronicle Economic Survey advocates Universal Basic Income to fight poverty Universal Basic Income alternative to State subsidies for poverty alleviation: Economic Survey

The Economic Survey 2016-17 has recommended Universal Basic Income (UBI) as an alternative to the various subsidy focused social welfare schemes that aim to reduce poverty. However, the Survey also pointed out that there are a number of … The Hindu, 4 hours ago Indian govt report weighs idea of cash handouts to fight poverty

* Annual economic survey has chapter on basic income scheme * Minimum income idea winning support in some countries […]

Full Post at realtime.rediff.com

Once implemented, the scheme might provide direct cash transfers to beneficiaries, to the tune of Rs 10,000 per annum The Economic Survey 2016-17 presented by Finance Minister Arun Jaitley advocates for a Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty, according to a Finance Ministry release.

Addressing reporters, the Chief Economic Adviser to the government, Arvind Subramanian said, “Universal Basic Income is a radical new idea; an idea whose time is right for deliberation, not necessarily for immediate implementation,” after saying “There was a pilot project in Madhya Pradesh. […]

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