Gist of Editorials: Basic Income (The Hindu) | GS – III

The results of the pilot projects of the basic income scheme in India and other parts of the world have one thing in common — a qualitative improvement in the lives of beneficiaries.

Relevance : GS Paper III (Indian Economy)

[ 1000 words reduced to 100 ]


  • Experiments have been launched in different countries on basic income.
  • India has the capacity and the need for a basic income scheme.

Basic income vs loan waivers

  • Loan waiver will not alter structures.
  • It would be unjust that  only one type of debt need not be repaid.
  • A basic income would be a more rational way to address rural tragedy.
  • All groups would gain from a modest basic income.

Way forward

  • Obtain local cooperation and backing of key local institutions.
  • Rolling out the scheme gradually from low to higher-income communities.
  • The basic income should not be given only to particular types of individuals.

Conclusion

Basic income  would be an anchor of a 21st century income distribution system.


 

Leave a Reply