universal basic income

Lambasted until recently as too costly or too "socialist," paying people for simply being alive and trusting they will be productive has new support amidst Corona pandemic and as jobs lose out to tech. The massive recovery package being considered in the US Congress to help the economy would move a step closer toward the idea of a universal basic income.

New Delhi, Mar 8 () On the International Women's Day, industry body Assocham advocated for introduction of universal basic income for women, saying it can lead to a significant transformation in India's socio-economic landscape.

The Punjab and Haryana high court has observed that in cases where an accused seeking bail is a flight risk or has a history of fleeing from justice, conditions can be inserted that all expenditure incurred to trace the person shall be recovered from him, and the state shall have a lien over his assets to make good the loss.

For the first time, the upcoming Economic Survey of India will put forth the idea of universal basic income (UBI) and explore the various challenges in implementing it across the country.

Geoffrey Hinton, the 'godfather of AI,' warns about job loss due to AI and calls for universal basic income. He also highlights concerns about AI chatbots, extinction-level threats, and the military's use of AI. Additionally, he discusses the risks of large language models, autonomous decision-making, and the threat of AI takeover.

The study said that looking at the difference between labour force participation rates in rural and urban areas, the urban equivalent of schemes such as MGNREGS that are demand-based and offer guaranteed employment should be introduced so that the surplus-labour is rehabilitated.

While India debates the merits of free basic facilities, it turns out that rich countries such as Germany have provided and benefited from free education and healthcare for years

"I can bet ..within the next two years, at least one or.

Rapid tech transitions are outrunning society’s capacity to process them. Like slow food, we need a 'slow AI' movement

The common man in India is hoping for a slew of measures in the union budget to combat rising inflation and tax relief to leave more room for disposable income in the hands of salaried class. They also want the deduction limit under section 80c to be increased to more tax exemption on home loan interest payment, making alternative tax regime lucrative to attract more assesses. Experts expect the government to increase the basic income tax exemption limit that is currently set at Rs 25 lakh per year under both the new and old income tax regimes. Finally, chartered accountant Kirti Joshi chairman Indore branch of Circ of ICAI said the government should come up with measures to make more room to make tax-saving investments, leave more disposable income with the salaried class, and extend the timeline to file the revised returns for assesses who require audits of their books to March 31 as opposed to December 31 because such assessments file their returns on October 30 to boost sales of houses.

The target group is said to include unemployed people with no source of income. For better utilisation of funds, money could be given to the woman of the household.

The people of Ranchi are pinning their hopes on the Narendra Modi-led government to tame inflation, improve the ease of living, generate jobs, and create livelihood opportunities. They are especially hopeful for the budget's bid day, when they will be able to see the government's plans for the year. Some of the youth's expectations include easier loan applications for employment and livelihood, and a reduction in the interest rates on education loans and tuition fees. The elderly are hoping for an increase in their regular benefits, such as the old age pension, and free healthcare.

Existing middle class subsidies and food, petroleum, fertiliser subsidies cost India about 3% of its GDP. The Economic Survey says that introducing universal basic income (UBI), which could help reduce poverty to 0.5%, would cost between 4-5% of GDP. Which of the two would be better?

Zoho CEO, Sridhar Vembu, predicts a resurgence of traditional jobs as AI automates production, making goods and services more affordable. He envisions higher wages for these revived roles, citing the demand for nature-friendly farming and live concert experiences.

India's economy is set to grow by a robust 7.4 per cent in the current fiscal, according to the Economic Outlook Survey brought out by industry body Ficci. The survey noted that India's economy was able to withstand demonetisation on the back of strong macroeconomic fundamentals.

: India is getting increasingly polarised with “all of us wanting to read news that are only echo chambers of our own political views,” said chief economic advisor Dr Arvind Subramanian on Tuesday.

In a recent study, the IMF estimated that India could provide a universal basic income of Rs 2,600 a year to every person if it eliminates food and energy subsidies.

In a recent study, the IMF estimated that India could provide a universal basic income of Rs 2,600 a year to every person if it eliminates food and energy subsidies.

New Delhi, Jan 31 () Invoking Mahatma Gandhi's vision of "wiping every tear from every eye", the Economic Survey today made a strong pitch for implementing universal basic income (UBI) that stipulates a certain income for the poor.

New Delhi, Jan 22 () The government should opt for the unconditional cash transfer to farmers to alleviate agrarian distress rather than universal basic income (UBI) scheme, the SBI said in a report Tuesday.

When TOI asked Nobel laureate Abhijit Banerjee if advising Rahul Gandhi on NYAY was a tactical error, the world-renowned economist said that he does not want to be defensive about it and does not believe in "restricting good policy out of political prejudice." "If the BJP had asked me for the same numbers I would have given it to them," said Banerjee.