A Universal Basic Income is basically a kind of social security scheme in which a person is guaranteed a minimum monthly income which he/she gets from the government. Many social commentators and economists have hailed UBI as the next great idea for social revolution. The Economic Survey of 2016-17 has laid down a vision for implementing the Universal Basic Scheme and has even quoted the Mahatma to sell the concept of the welfare of the poorest and weakest person in society. The UBI aims to replace the existing network of subsidies and other government schemes with the aim to […]
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