Universal Basic Income
Universal Basic Income is a regular, periodic cash payment delivered unconditionally to all citizens on an individual basis without any requirement of work or willingness to work. This idea first gained prominence in the West with countries like Finland, UK & Canada are having trials on same.
Characteristics of UBI Unconditional — Everyone of same age would receive the same Basic Income irrespective of gender, social status, contribution to society etc. Automatic — Directly in bank a/c on weekly or monthly basic. Non-withdrawable — Whether someone’s earning increase or decrease or stay the same, the basic […]
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