At a time of rising income and wealth inequality, the egalitarian goals of socialism seem quite compelling. But if the production system is allowed to remain capitalist, socialism will face formidable challenges. How then can we square the circle?
While the aim of all subsidy schemes is to increase the income of the beneficiary households so that they can meet their requirements, replacing them with the UBI will also mean losing some of the other benefits of these schemes.
Given the differences in the costs of living and the level of abject poverty in developing countries, a UBI scheme could have a considerable impact in achieving inclusive economic growth.
If they are included in and made integral to policies, women could become the essential agents of change and development in Southeast Asia.
In the absence of working and effective infrastructure, cash transfers cannot ensure that the poor and those most at risk will get the quality of life they deserve.
In a recent discussion in Washington, the chief economic adviser talked on Aadhaar failure rates, pushing Universal Basic Income forward and how demonetisation’s popular response humbled him.
Discussion on serious economic challenges currently faced by India is either absent or trivialised in this year’s Economic Survey.
Universal Basic Income is only an idea in the making, but within its first year of conceptualisation, it seems like the first two terms of the acronym have already been reduced to notional ideas.
Relieving the cash constraints of the poor is a critical way forward in the light of the high dependence of the poor upon non-institutional lenders.
Far from the UBI schemes proposed in advanced economies, in India it’s a question of whether the Centre can juggle its finances and find a better way of delivering welfare.
In conversation with BJD MP Jay Panda.
Universalising pensions and maternity benefits is a rare case of consensus between the government, economists favouring basic income and civil society groups.
Principles of social welfare and better governance do not necessarily contradict the several arguments in favour of universal basic income in the Indian context.
Labour market policies need to be seriously rethought, given the slow rate of job creation and rapid increase in automation.
Despite the result, proponents successfully used Switzerland’s system of direct democracy to create a nationwide debate on money, work and the pursuit of happiness
The number of families that depend on food rations has doubled in the seven years between 2004-5 and 2011-12.