25-April-2024
Economy News
 
PM’s Economic Advisory Council bats for universal basic income, urban job guarantee scheme
19-May-2022

A report commissioned by the Economic Advisory Council (EAC) to the Prime Minister on Wednesday suggested that the government roll out a universal basic income (UBI) scheme to reduce stark income gaps and launch a guaranteed employment programme for the urban unemployed. Stating that the heavily skewed nature of income distribution in the country is only turning worse, the council also recommended steps to raise minimum income and a higher share of government spending on the social sector to make the vulnerable sections of population immune to sudden shocks and “stop their descent into poverty”.

News Source:- https://www.financialexpress.com/economy/pms-economic-advisory-council-bats-for-universal-basic-income-urban-job-guarantee-scheme/2530205/