Universal Basic Income

Congress's Minimum Income Guarantee Scheme "NYAY" Explained In 10 Points

India News | Edited by Divyanshu Dutta Roy | Tuesday March 26, 2019

The Congress on Monday announced a minimum income guarantee programme that will give up to Rs 72,000 a year or Rs 6,000 a month to 20 per cent of India's poorest families if voted back to power. Congress President Rahul Gandhi, facing a tough opponent in Prime Minister Narendra Modi in general elections set for April and May, called the proposal a ...

Rahul Gandhi's Basic Income Plan "Not Feasible": NITI Aayog Vice Chairman

India News | Indo-Asian News Service | Sunday February 10, 2019

Calling the Congress President Rahul Gandhi's promise of a minimum income guarantee to poor unimplementable, NITI Aayog Vice Chairman Rajiv Kumar says it is similar in nature to former Prime Minister Indira Gandhi's "Garibi Hatao" slogan.

Rahul Gandhi Promises Universal Basic Income For Poor: 10 Points

India News | Reported by Anurag Dwary, Edited by Vaibhav Tiwari | Monday January 28, 2019

Congress president Rahul Gandhi on Monday said that his party - if voted to power in the Lok Sabha election - will ensure a minimum income to the poor people of the country. Mr Gandhi made the announcement at the ''Kisaan Abhaar Sammelan'' in Chhattisgarh's Raipur. He said with the minimum income guarantee, there will be no hungry, poor people in t...

Rahul Gandhi's Gamechanger? Minimum Income Guarantee If Voted To Power

India News | Reported by Sunil Prabhu, Edited by Anindita Sanyal | Tuesday January 29, 2019

Congress president Rahul Gandhi on Monday promised that his party will give a guaranteed minimum income to the poor people of the country if his party forms a government in 2019. He made the promise at a rally in Chhattisgarh.

Tiny Indian State Runs Biggest Assured Income Experiment: Foreign Media

India News | Niha Masih, The Washington Post | Sunday January 20, 2019

High in the Himalayas, Sikkim is one of the tiniest states in India. But it is about to embark on an experiment of global interest. Sikkim's ruling party has announced an ambitious plan to implement a universal basic income for every one of its 610,577 citizens.

1 Or 2 States May Implement Universal Income In Two Years, Says Arvind Subramanian

Business | Press Trust of India | Monday January 29, 2018

Universal basic income will guarantee all citizens enough income to cover their basic needs.

IMF Has An Alternative To 'Inequitable, Inefficient Public Spending'

Business | Press Trust of India | Thursday October 12, 2017

The International Monetary Fund carried out a simulation exercise of various subsidy schemes with universal basic income (UBI).

Finance Ministry Debating Bad Bank, Universal Basic Income Proposals

Business | Press Trust of India | Sunday June 11, 2017

The finance minister said the idea of UBI does not seem to be a feasible policy option at this point of time given the "political limitations".

A Start-Up Is Giving 1000 Euros A Month For A Year. Here's Why

Business | Agence France-Presse | Thursday April 20, 2017

85 people have been chosen by startup Mein Grundeinkommen (My Basic Income) to receive the payments for a year since 2014, as part of a social experiment.

Universal Basic Income Only After Withdrawal Of Present Schemes: Arvind Subramanian

Business | Press Trust of India | Friday February 24, 2017

"The cost of this programme (UBI) is so huge that it cannot be an add-on to the existing programmes (welfare schemes) as the government cannot afford it and the government's finances will go bust," Subramanian said.

Universal Basic Income To Allow People To Go Above Poverty Line: Arvind Subramanian

Business | Thursday February 9, 2017

Mr Subramanian said that for UBI to be implemented, the government will have to do away with all the "wasteful subsidies".

Opinion: The Tale And Maths Of Universal Basic Income

Opinion | Jean Dreze | Thursday February 2, 2017

UBI is an idea whose time will come, but that time is still quite distant as far as India is concerned.

'What Would Gandhi Think?' Arvind Subramanian On Universal Basic Income

India News | Annie Gowen, The Washington Post | Tuesday January 31, 2017

India's annual $300 billion budget is always unveiled with great pomp and circumstance. The finance minister quotes Shakespeare. The president arrives to Parliament in a horse-drawn carriage. So it's not surprising when the country's chief economics adviser unveiled a dramatic new proposal that would provide no-strings-attached cash stipend for mil...

Universal Basic Income: Government Report Lists Pros And Cons

Business | Thomson Reuters | Tuesday January 31, 2017

Universal basic income (UBI), a radical idea that is gaining attention in countries such as Finland and France, proposes giving every citizen an income to cover their basic needs.

Economic Survey Says Universal Basic Income 'A Powerful Idea' But...

India News | Reuters | Tuesday January 31, 2017

The economy should grow between 6.75 percent and 7.5 percent in the financial year beginning on April 1, a government report forecast on Tuesday.