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Central Govt. may Implement ‘Universal Basic Income Scheme’ for People:



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Central Govt. may Implement ‘Universal Basic Income Scheme’ for People:

🔹The Central Government might take the decision of providing relief to the people of the nation.
🔹The Government might implement the‘Universal Basic Income Scheme'.
🔹Under this scheme, every citizen will be provided a fixed amount on the basis of his salary every month.
🔹This scheme may be announced in Economic Survey and the Budget.
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▶▶Economic Survey Included In Report:

🔹Economic expert Professor Guy Standing said that the research introduced in the Universal Basic Income Scheme has been included in the Economic Survey report.

🔹If the scheme is implemented across the country then 3 to 4 percent of GDP would cost. The government is spending 4 to 5 percent of GDP in subsidy. The government would have to move on in a phased manner to end these subsidies after implementing the scheme. Universal Basic Income Scheme and subsidies can not go together.

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