THOMAS COLSON of Business Insider reports that the Indian government is set to endorse universal basic income. Professor Guy Standing, cofounder of Basic Income Earth Network, or BIEN (which is Spanish for “good”), says “the Indian government finds the idea feasible and the best way forward”.
The idea is simple: A regular state payment made to all citizens regardless of age and working and civil status. It provides a safety net for all citizens by putting a little money in their pockets while doing away with useless bureaucracies and social agencies dispensing social aid selectively, pocketing a lot of it […]
Full Post at www.businessmirror.com.ph