The Finance Minister has announced that every small farmer in the country will get a direct transfer of Rs 6,000 per year in his account. The step is in the right direction but woefully inadequate. Economic Survey of 2016-17 had suggested that a Universal Basic Income Scheme (UBIS) may be considered by the government.
A fixed amount be transferred to the bank accounts of all the citizens of the country — Below Poverty Line (BPL) or Above Poverty Line (APL). Under UBIS, this amount will be paid to Mukesh Ambani and the newborn child of the Below Poverty Line (BPL) […]
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