Question Q.16Critically discuss the statementGS2GS2
"Universal Basic Income (UBI) is a viable solution to eradicate extreme poverty in India." Critically discuss the statement.
Introduction
Universal Basic Income refers to providing fixed amount to every citizen irrespective of status, eligibility.
15 words
Main Body
Universal Basic Income refers to providing fixed amount to every citizen irrespective of status, eligibility. Solution to eradicate Extreme Poverty: (1) Bridge deficit in public health/educationUse private sector. (2) Inline with Rawlsian principle of distribution justiceleast advantage benefit. (3) Promote competitiveness better through choice & non-monopolization public sector. (4) Reduce income inequalitytop 1% hold 40% wealth. (5) Reduce effect of automation caused poverty.
Challenges of UBI in eradicating extreme poverty: (1) Fiscal burdenfiscal deficit above 40%. (2) Lack of 100% financial inclusion and literacy. (3) Tax Moral hazardcreates dependency on govt doles. Reduced govt spend on infrastructure & capital building. (4) May not address issue of core EG80% only 20% hospital in rural area. Targeted UBIPUKSHAM Use of BoundaryC-Rupj Way forwardfor universal financial inclusion.
142 words1 paragraphs
Topper
NEERAJ
AIR 1802025
Subject & Paper
GS2GS2
Topic
Issues relating to Poverty and Hunger
Poverty and Malnutrition
Universal Basic Income schemes
Writing Stats
157
Total words
1
Paragraphs
analytical
Tone