Category: Basic Income

A labourer sits on sacks of food grains while waiting for customers at a wholesale market in Ahmedabad, December 14, 2016. | Reuters NEW DELHI: Positioning Universal Basic Income as an alternative to various social welfare schemes in a bid to reduce poverty, the Economic Survey today said UBI is a "powerful idea" whose time has come for serious discussion.

"The 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 […]

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Other headlines: President said citizens showed resilience during demonetisation, and US’ acting Attorney General was fired for defying Trump’s immigration ban.

Image credit: YouTube A look at the headlines right now:

> Economic Survey places GDP growth at 6.75%-7.5% in 2017-18: Tabled a day ahead of the Budget, the report highlighted controlled inflation and the impact of demonetisation on the economy. Citizens showed remarkable resilience during demonetisation drive, says President Pranab Mukherjee: Addressing a Joint Session of Parliament, Pranab Mukherjee highlighted initiatives taken by the government for the welfare of the poor. Donald Trump fires acting Attorney General Sally […]

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The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Arun Jaitley has finally made it clear where it stands on the concept of Universal Basic Income. Advocating the concept as an alternative to the various social welfare schemes in an effort to reduce poverty, the survey has listed out the benefits and costs of the UBI scheme.

The survey points out that while it is a conceptually appealing idea, there are several implementation challenges. One big risk it points out is of the scheme becoming an add-on rather than a replacement of current anti-poverty and social […]

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Even as the Niti Aayog has said that India does not have the necessary financial resources for the project, the government’s Economic Survey 2016-17 presented on Tuesday advocated a Universal Basic Income (UBI) scheme as an alternative poverty reduction mechanism in place of various ongoing social welfare programmes.

The Economic Survey, authored by Chief Economic Advisor Arvind Subramanian and tabled in Parliament on the first day of the budget session on Tuesday, pitched for a scheme to transfer a reasonable basic income to Indians below the poverty line based on a survey on misallocation of resources which showed that districts […]

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Most politicians promise more jobs. France’s Socialist presidential candidate is saying there may not be many in the future, but you’ll get paid anyway.

Benoit Hamon won France’s Socialist Party primary by proposing a basic income for all, an idea that every opponent said is unrealistic and unaffordable but which appealed to Socialist voters who’ve turned their back on party leaders.

The signature issue of the 49-year-old former education minister would mean the introduction of a 750-euros ($810) a month payment to all citizens. He says it will help alleviate poverty and make up for a shortage of work as the […]

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Discussing the idea of universal basic income in the Economic Survey is a step in right direction

#budget 2017 #economic survey #UBI #universal basic income #economy #demonetisation Photo: Arun Kumar Before one takes a call on whether or not India should go down the universal basic income (UBI) route, some myths about the UBI need to be addressed. A universal basic income is an unconditional, regular, payment by the government to every individual, regardless of their wealth, age, ability, gender, health or skill level. It is universal in that it is paid to all individuals (note, not households). It […]

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Hi everyone!

As many of you know, the Economic Security Project ( http://economicsecurityproject.org/) was recently launched with the goal of "funding projects like academic research, state and local basic income campaigns, and cultural projects around economic security" over the next two years with a fund of at least $10 million dollars.As recognition of the work I’ve been doing and to better enable the work I wish to do over the course of the next year to advance basic income’s adoption in the US, I’m being given a grant of $2,000/month for the next 12 months, starting in February, and also […]

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Doing away with existing social assistance models for a so-called guaranteed basic income program was the focus of a public forum Monday night.

About 200 people from various local social service groups, representatives of poverty advocacy groups and those in poverty themselves gathered in Vanier Hall at the University of Windsor to share ideas about how the province should proceed on the concept of basic income.

Windsor was the 14th of 15 cities across the province that have received visits from the Basic Income Pilot Project consultation.“We’re going to try and get some ideas from people in Windsor as to what […]

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The Economic Survey to be presented in Parliament may feature a chapter on universal basic income this year. Chief Economic Adviser Arvind Subramanian has promised to float the idea to let the government think over it. Universal basic income is a form of social security where the State transfers a sum of money to poor citizens to supplement their income to reach a certain threshold.
In the Indian context, it may mean people below the poverty line. Recently Subramanian had said that his effort would be to add a new chapter in the Economic Survey of 2017. He had […]

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Image credit: Reuters/Soe Zeya Tun Having dug himself into a hole with demonetisation, Prime Minister Narendra Modi now needs to make a huge effort to climb out and hopes are riding high on the Union Budget for 2017-’18, to be presented on Wednesday. But there are severe limitations on what he can do.

The first budget after he assumed office, for 2014-’15, was a great opportunity for good economics. He could have dealt with burgeoning unmerited subsidies, huge tax-giveaways, unproductive industrial investments, building funds to modernise infrastructure, creating 12 million jobs a year and reforming governing structures. But he missed […]

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