PM’s Economic Advisory Council bats for universal basic income, urban job guarantee scheme

PM’s Economic Advisory Council bats for universal basic income, urban job guarantee scheme

The report, though very grim, paints a relatively better picture of the country’s income pyramid than in the World Inequality Report (WIR) 2022 released in December last year A report commissioned by the Economic Advisory Council (EAC) to the Prime Minister on Wednesday suggested that the government roll out a universal basic income (UBI) scheme to reduce stark income gaps and launch a guaranteed employment programme for the urban unemployed.

Stating that the heavily skewed nature of income distribution in the country is only turning worse, the council also recommended steps to raise minimum income and a higher share of […]

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