Speculation is rife that Finance Minister Arun Jaitley may announce Universal Basic Income (UBI) in some form or the other in Budget 2018-19 Speculation is rife that while presenting the Union Budget 2018-19 on February 1, 2018, the Finance Minister may announce Universal Basic Income (UBI) in some form or the other. UBI is a social security in which citizens receive regular unconditional sum of money from the government. It’s a noble concept and aims at reducing poverty, insecurity and inequality. The first to conceive this idea was Marquis de Condorcet (1743-1794), a French philosopher, mathematician and political scientist, […]
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