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Universal basic income: Now you may get money from government

Universal basic income: Now you may get money from government

 The country, which is recovering itself from the bruises of demonetisation, has another thing to discuss about - Universal basic income.

So what is Universal basic income?

It is a kind of social security from the government, which will be paid to individuals, not households, and it is paid to everyone. That's how it becomes universal.

Sounds interesting?

Well this can be paid in any kind (such as food or services) or in vouchers or can be a direct transfer.

The government is planning to offer about $15 a month, which means Rs 1,000 per month for people who are living under poverty line.

Going by what the government officials are indicating, this will replace all the  other doles that government is offering  at the moment.

"In MNREGA there have been leakages...the PDS again is riddled with corruption. The government needs to think if it is better to put money directly into individual accounts...and do away with PDS, MNREGA...put resources generated through taxes and penalties in UBI,"CEO of Niti Ayog,  Amitabh Kant said.

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