UBI is a substantial improvement on the earlier concept of a negative income-tax. (PTI) Is the country ready to provide a universal basic income (UBI) to all its citizens? While the government is yet make its mind on this issue; it feels this is an idea whose time has come and needs to be widely debated.
UBI is a substantial improvement on the earlier concept of a negative income-tax (NIT). The latter is envisaged to take effect when a citizen’s income falls below the exemption limit. The state then steps in, and instead of taxing her income supplements it. Both […]
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