So long as the Universal Basic Income is not posed as the only instrument of poverty alleviation, there is no reason not to try it out at least on a scale that is affordable.
Projects such as Make in India and Digital India are now the buzzwords to a bright and sustainable industrial and financial progress of our nation. As part of its impetus for DIGITAL TRANSFORMATION in India, Government also encourages technology...
Almost every type of financial activity - from banking to payments to wealth management and more - is being re-imagined by some tech savvy banking incumbents as well as by startups.
International experiences of implementing Universal Basic Income
Low density of banks and weak banking networks in remote rural areas coupled with the case where welfare schemes and UBI are implemented in parallel could pose a challenge to UBI
The Economic Survey has presented Universal Basic Income as a single scheme which could replace this myriad of welfare programs with a simple unconditional cash transfer to every citizen paid at regular intervals.