Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan    </title>
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-The Indian Express

I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when..."/>
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I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. <br /></em><br />After my last op-ed in this paper (<a href="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html" title="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html">The safety net of the future</a>) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed in the article, asked me to elaborate. Hence this article.<br /><br />There are reports that the ruling party in Sikkim has announced UBIS in its election manifesto, and, more intriguingly, the Centre is considering such a measure &ldquo;for people below the Poverty Line&rdquo;. The latter is a contradiction in terms: UBIS is an unconditional grant to all citizens, not just to the poor &mdash; that&rsquo;s what &ldquo;universal&rdquo; means. As I wrote in my earlier piece, many people, who are much above the official poverty line, suffer from variety of insecurities &mdash; farmers, of course, face weather and market risks but non-farmers also face several kinds of risks, including in their jobs, often in the informal sector, where some of them are refugees from agrarian and ecological distress or are victims of the recent disaster of demonetisation.<br /><br />UBIS avoids the problem of deciphering who is poor and who is not, which is an intricate problem in India &mdash; the India Human Development Survey found that in 2011-12 about half of the officially poor did not have the BPL card, while about one-third of the non-poor had it. In any case I look upon UBIS not as an administratively easier anti-poverty programme; to me it is more a part of a citizen&rsquo;s right to minimum economic security, a right which many countries recognise, but so far India does not, even though it should easily fall under the Supreme Court&rsquo;s interpretation of the &ldquo;right to life&rdquo; in the Constitution.<br /><br />I am often asked: Do you want the government to give money to the Ambanis as well? My answer is yes, as citizens they are entitled to it, just as they have the right to get police protection, even though they can afford their own protection. (If in practice some rich people do not claim it or if there are transparent ways of excluding them &mdash; for example those above a certain threshold in income tax return or owning cars, etc. &mdash; I will not object strenuously, even though the conceptual point of a citizen&rsquo;s right remains).<br /><br />Since UBIS is to be given to the rich and the middle classes as well, it can be expensive. In my earlier piece, I suggested funding it from reducing some of the subsidies that are at present enjoyed mainly by the better-off, also taking a bit from the various tax concessions mostly to business (called &ldquo;revenues foregone&rdquo; in the Central Budget), and taxing the currently exempt wealth, inheritance, and long-term capital gains, and collecting more taxes from the currently under-assessed and under-taxed property values. Only a quarter of the 10 per cent of GDP thus potentially mobilisable could go to UBIS; the rest can be spent on infrastructure, health and education. This allows roughly a grant of about Rs 16,000 to each household. If, to start with, it is given only to women, it&rsquo;ll halve the cost (in my earlier piece there are typos in the cost estimates given for UBIS for only women; the correct amount should be about Rs 2.1 trillion, at 1.25 per cent of the GDP). The special treatment to women is recognition of the hard work most of them do for their households, and outside. It is also a means to raise their (currently low) autonomy and status within the Indian family.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" title="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" class="re" target="_blank">The Indian Express, 16 January, 2019, https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. <br /></em><br />After my last op-ed in this paper (<a href="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html" title="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html">The safety net of the future</a>) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed in the article, asked me to elaborate. Hence this article.<br /><br />There are reports that the ruling party in Sikkim has announced UBIS in its election manifesto, and, more intriguingly, the Centre is considering such a measure &ldquo;for people below the Poverty Line&rdquo;. The latter is a contradiction in terms: UBIS is an unconditional grant to all citizens, not just to the poor &mdash; that&rsquo;s what &ldquo;universal&rdquo; means. As I wrote in my earlier piece, many people, who are much above the official poverty line, suffer from variety of insecurities &mdash; farmers, of course, face weather and market risks but non-farmers also face several kinds of risks, including in their jobs, often in the informal sector, where some of them are refugees from agrarian and ecological distress or are victims of the recent disaster of demonetisation.<br /><br />UBIS avoids the problem of deciphering who is poor and who is not, which is an intricate problem in India &mdash; the India Human Development Survey found that in 2011-12 about half of the officially poor did not have the BPL card, while about one-third of the non-poor had it. In any case I look upon UBIS not as an administratively easier anti-poverty programme; to me it is more a part of a citizen&rsquo;s right to minimum economic security, a right which many countries recognise, but so far India does not, even though it should easily fall under the Supreme Court&rsquo;s interpretation of the &ldquo;right to life&rdquo; in the Constitution.<br /><br />I am often asked: Do you want the government to give money to the Ambanis as well? My answer is yes, as citizens they are entitled to it, just as they have the right to get police protection, even though they can afford their own protection. (If in practice some rich people do not claim it or if there are transparent ways of excluding them &mdash; for example those above a certain threshold in income tax return or owning cars, etc. &mdash; I will not object strenuously, even though the conceptual point of a citizen&rsquo;s right remains).<br /><br />Since UBIS is to be given to the rich and the middle classes as well, it can be expensive. In my earlier piece, I suggested funding it from reducing some of the subsidies that are at present enjoyed mainly by the better-off, also taking a bit from the various tax concessions mostly to business (called &ldquo;revenues foregone&rdquo; in the Central Budget), and taxing the currently exempt wealth, inheritance, and long-term capital gains, and collecting more taxes from the currently under-assessed and under-taxed property values. Only a quarter of the 10 per cent of GDP thus potentially mobilisable could go to UBIS; the rest can be spent on infrastructure, health and education. This allows roughly a grant of about Rs 16,000 to each household. If, to start with, it is given only to women, it&rsquo;ll halve the cost (in my earlier piece there are typos in the cost estimates given for UBIS for only women; the correct amount should be about Rs 2.1 trillion, at 1.25 per cent of the GDP). The special treatment to women is recognition of the hard work most of them do for their households, and outside. It is also a means to raise their (currently low) autonomy and status within the Indian family.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" title="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" class="re" target="_blank">The Indian Express, 16 January, 2019, https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/</a><div class="clear"></div>
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I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when..."/>
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                            <div align="justify">-The Indian Express<br /><br /><em>I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. <br /></em><br />After my last op-ed in this paper (<a href="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html" title="https://im4change.in/latest-news-updates/the-safety-net-of-the-future-pranab-bardhan-4686241.html">The safety net of the future</a>) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed in the article, asked me to elaborate. Hence this article.<br /><br />There are reports that the ruling party in Sikkim has announced UBIS in its election manifesto, and, more intriguingly, the Centre is considering such a measure &ldquo;for people below the Poverty Line&rdquo;. The latter is a contradiction in terms: UBIS is an unconditional grant to all citizens, not just to the poor &mdash; that&rsquo;s what &ldquo;universal&rdquo; means. As I wrote in my earlier piece, many people, who are much above the official poverty line, suffer from variety of insecurities &mdash; farmers, of course, face weather and market risks but non-farmers also face several kinds of risks, including in their jobs, often in the informal sector, where some of them are refugees from agrarian and ecological distress or are victims of the recent disaster of demonetisation.<br /><br />UBIS avoids the problem of deciphering who is poor and who is not, which is an intricate problem in India &mdash; the India Human Development Survey found that in 2011-12 about half of the officially poor did not have the BPL card, while about one-third of the non-poor had it. In any case I look upon UBIS not as an administratively easier anti-poverty programme; to me it is more a part of a citizen&rsquo;s right to minimum economic security, a right which many countries recognise, but so far India does not, even though it should easily fall under the Supreme Court&rsquo;s interpretation of the &ldquo;right to life&rdquo; in the Constitution.<br /><br />I am often asked: Do you want the government to give money to the Ambanis as well? My answer is yes, as citizens they are entitled to it, just as they have the right to get police protection, even though they can afford their own protection. (If in practice some rich people do not claim it or if there are transparent ways of excluding them &mdash; for example those above a certain threshold in income tax return or owning cars, etc. &mdash; I will not object strenuously, even though the conceptual point of a citizen&rsquo;s right remains).<br /><br />Since UBIS is to be given to the rich and the middle classes as well, it can be expensive. In my earlier piece, I suggested funding it from reducing some of the subsidies that are at present enjoyed mainly by the better-off, also taking a bit from the various tax concessions mostly to business (called &ldquo;revenues foregone&rdquo; in the Central Budget), and taxing the currently exempt wealth, inheritance, and long-term capital gains, and collecting more taxes from the currently under-assessed and under-taxed property values. Only a quarter of the 10 per cent of GDP thus potentially mobilisable could go to UBIS; the rest can be spent on infrastructure, health and education. This allows roughly a grant of about Rs 16,000 to each household. If, to start with, it is given only to women, it&rsquo;ll halve the cost (in my earlier piece there are typos in the cost estimates given for UBIS for only women; the correct amount should be about Rs 2.1 trillion, at 1.25 per cent of the GDP). The special treatment to women is recognition of the hard work most of them do for their households, and outside. It is also a means to raise their (currently low) autonomy and status within the Indian family.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" title="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/" class="re" target="_blank">The Indian Express, 16 January, 2019, https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/</a><div class="clear"></div>
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Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan

Published on Jan 16, 2019   Modified on Jan 16, 2019

-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed in the article, asked me to elaborate. Hence this article. There are reports that the ruling party in Sikkim has announced UBIS in its election manifesto, and, more intriguingly, the Centre is considering such a measure “for people below the Poverty Line”. The latter is a contradiction in terms: UBIS is an unconditional grant to all citizens, not just to the poor — that’s what “universal” means. As I wrote in my earlier piece, many people, who are much above the official poverty line, suffer from variety of insecurities — farmers, of course, face weather and market risks but non-farmers also face several kinds of risks, including in their jobs, often in the informal sector, where some of them are refugees from agrarian and ecological distress or are victims of the recent disaster of demonetisation. UBIS avoids the problem of deciphering who is poor and who is not, which is an intricate problem in India — the India Human Development Survey found that in 2011-12 about half of the officially poor did not have the BPL card, while about one-third of the non-poor had it. In any case I look upon UBIS not as an administratively easier anti-poverty programme; to me it is more a part of a citizen’s right to minimum economic security, a right which many countries recognise, but so far India does not, even though it should easily fall under the Supreme Court’s interpretation of the “right to life” in the Constitution. I am often asked: Do you want the government to give money to the Ambanis as well? My answer is yes, as citizens they are entitled to it, just as they have the right to get police protection, even though they can afford their own protection. (If in practice some rich people do not claim it or if there are transparent ways of excluding them — for example those above a certain threshold in income tax return or owning cars, etc. — I will not object strenuously, even though the conceptual point of a citizen’s right remains). Since UBIS is to be given to the rich and the middle classes as well, it can be expensive. In my earlier piece, I suggested funding it from reducing some of the subsidies that are at present enjoyed mainly by the better-off, also taking a bit from the various tax concessions mostly to business (called “revenues foregone” in the Central Budget), and taxing the currently exempt wealth, inheritance, and long-term capital gains, and collecting more taxes from the currently under-assessed and under-taxed property values. Only a quarter of the 10 per cent of GDP thus potentially mobilisable could go to UBIS; the rest can be spent on infrastructure, health and education. This allows roughly a grant of about Rs 16,000 to each household. If, to start with, it is given only to women, it’ll halve the cost (in my earlier piece there are typos in the cost estimates given for UBIS for only women; the correct amount should be about Rs 2.1 trillion, at 1.25 per cent of the GDP). The special treatment to women is recognition of the hard work most of them do for their households, and outside. It is also a means to raise their (currently low) autonomy and status within the Indian family. Please click here to read more.

The Indian Express, 16 January, 2019, https://indianexpress.com/article/opinion/columns/making-ubis-work-universal-basic-income-supplement-below-poverty-line-5540241/

Tagged with: Universal Basic Income Universal Basic Income (UBI) Universal Basic Income Supplement (UBIS)

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