How would you feel if a certain amount of money is automatically credited in your bank account every month? Would you rather spend it to fulfil your needs or would you like to spend it on fun activities? This was the dilemma faced by the Government of India with respect to Universal Basic Income. Introduction:-
The Annual Economic Survey of 2016-17 highlighted a new concept of Universal Basic Income which became a matter of debate among economists and scholars. Universal Basic Income (UBI) is a social welfare program where all citizens or residents of a country regularly receive a […]
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