Modi Government Is Considering Guaranteed Basic Income For Its Citizens

Modi Government Is Considering Guaranteed Basic Income For Its Citizens

The Indian Government could soon be following in Finland’s footstep for guaranteed basic income. According to reports on Business Insider and Bangalore Mirror , Government of India will be soon discussing a proposal of depositing a small monthly salary in their citizen’s bank account.

The idea is globally known as ‘Guaranteed Basic Income’, wherein the government or a public institution gives some amount of money to its residents, as a form of social security. The money is provided to a country’s citizen irrespective of his/her income level and employment status.

According to Professor Guy Standing, Arun Jaitley, the Finance Minister of […]

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