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Universal Basic Income

  • Category
    Economy
  • Published
    18th Jun, 2020

India is considering Universal Basic Income, the National Human Rights Commission (NHRC) has told the United Nations. In this regard, NHRC, submitted a mid-term report ‘Universal Periodic Review (UPR)-III’ to the United Nations.

Context

India is considering Universal Basic Income, the National Human Rights Commission (NHRC) has told the United Nations. In this regard, NHRC, submitted a mid-term report ‘Universal Periodic Review (UPR)-III’ to the United Nations.

Background

  • The idea of a universal basic income has gained currency in the West because of the threat of automation-induced job losses.
  • In India, the idea first gained currency as a solution to chronic poverty and government’s failure to effectively target subsidies towards the poor.
  • Amid persistent farm distress and weak wage growth across occupations, the idea of an income support scheme seems to be gaining ground once again.
  • Some advocate an income support scheme for farmers while others advocate a broader income support for all. 
  • Still others favour an income support scheme targeted towards the poor, that is, a non-universal basic income.
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