Universal Basic Income (UBI)

Universal Basic Income (UBI)

SOURCE : The Hindu + the Internet

UBI Has become a buzzword around the world – both developed and developing in the west, it is seen as a solution to unemployment due to automation; and

growing social unrest caused by extreme inequality and precarity in the developing world, it is being seen as a novel way to reduce poverty, and gain administrative efficiency Economic Survey 2017 (ES ’17) had a dedicated chapter on UBI Main objective is to enable every citizen (irrespective of her income level) to have a certain minimum income Main concerns is it desirable? Yes, because […]

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