UPSC 2017 CDS II GK Paper

UBI, as an alternative for subsidies in poverty alleviation, stands for Universal Basic Income. UBI is typically described as a new kind of welfare regime in which all the citizens (or permanent residents) of a country receive a regular, liveable and unconditional sum of money from the Government. While a true UBI seems unworkable at the current status of the Indian economy, certain dimensions of basic income policies may prove more promising.