The time for universal basic income has finally arrived

The time for universal basic income has finally arrived

Congress President Rahul Gandhi has promised to pay Rs 7,200 per year as basic income to the 20 per cent poorest families of the country. This can be called Targeted Basic Income Scheme (TBIS). It will provide a basic income to a targeted population. Our population is about 135 crore. The average size of our family is 4.45 persons. The number of families, therefore, would be about 30 crores. The poorest 20 per cent families would number about 6 crores. At Rs 7,200 per family, this will require Rs 4.3 lakh crore.

I am, however, not in favour of providing […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.