Universal Basic Income (UBI) is a viable solution to eradicate extreme poverty in India. Critically appraise the statement.
Introduction
'Universal Basic Income' is a concept to provide every individual with same minimum basic income so that they can maintain at least minimum standard of life. Eg: A political party proposed to give 15000 rupees every year to every family.
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Main Body
Utility of UBI to deal with extreme poverty: 1. Assured income for all - family can utilize this income to fulfill their base need. 2. No error of inclusion or exclusion theoretically no need to separately identify and verify inclusion and
exclusion criteria 3. Direct benefit transfer: direct transfer to account prevent leakages and corruption, eg- Kisan Samman Nidi 4. Access to Resource: Increased purchasing power increase access to resources. Issues: 1. high subsidy burden - 145 crore population - assured income than govt has no money for another work. 2. Too much money in system: Too Much money these too less resources leads to inflation. Thus Gap remain same. 3. False card, smaller families, nuclear family prominent.
4. UBI is assurance of income, not assurance of resource access like quality education, quality health. 5. Unreliable solution - not good for large populous country, can be good for small country. Solution: Investment in Social-Economic infrastructure development - progressive taxation, reduce regressive taxes - reduce corruption, direct benefit transparent, objective criteria of inclusion. - increase jobs opportunities. Increase human capability and access to resources is essential to end extreme poverty from India follow SDG-1 No poverty principle.
POOJA SONI
Issues relating to Poverty and Hunger
Poverty and Malnutrition
Universal Basic Income as a Solution to Poverty
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critical-analytical
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