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 abysmal record on […]
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