WIkipedia / CC 3.0 LONDON — The Indian government is set to endorse Universal Basic Income, according to one of the leading advocates of the scheme.
Professor Guy Standing, an economist who co-founded advocate group Basic Income Earth Network (BIEN) in 1986, told Business Insider that the Indian government will release a report in January which says the idea is "feasible" and "basically the way forward."
The idea behind universal basic income is simple: a regular state payment made to all citizens (one variation specifies adults), regardless of working status.Advocates say it would provide a vital safety net for all citizens […]
Full Post at www.businessinsider.com