Under the creatively worded title of “Universal Basic Income: A Conversation with and within the Mahatma,” chapter 9 of the recently presented 2016-17 Economic Survey lays out a case for a Universal Basic Income (UBI) for every Indian.
Under the proposal, every Indian would get Rs 12,000 per year as basic income from the state. This is touted as a very significant anti-poverty measure as this sum would reach every Indian, rich and poor. As a proportion of household income, this sum would be much higher for the poor than for the non-poor.
Hence, it would have the beneficial effect of […]
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