In the month preceding The Economic Survey , leaks from the Ministry of Finance helped created a buzz around “Universal Basic Income” (UBI). Two key principles of UBI are universality, so all citizens are covered, and an entitlement to a “basic income” that allows dignified living even in the absence of other earnings. Yet, the ideas that have been discussed so far are mangled versions of a UBI. The Economic Survey starts with an enthusiastic conversation with Mahatma Gandhi on UBI. For instance, it highlights the conceptual strength of the “universal” in UBI by pointing to India ’s […]
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