PM panel flags universal basic income

PM panel flags universal basic income

Relevance: GS3, Economy
Context: PM’s economic advisory council suggests universal basic income and jobs guarantee for urban poor. About the news

The Economic Advisory Council to the Prime Minister (EAC-PM) suggested that the government should come out with a guaranteed employment scheme for the urban unemployed as well as introduce a universal basic income .
Council also recommended that government must allocate more percentage of the expenditure towards social services and the social sector to make the most vulnerable population resilient to sudden shocks and stop their descent into poverty. Other key recommendation by EAC-PM EAC-PM noted […]

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