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LATEST NEWS UPDATES | Give basic income of Rs 4,260 to all individuals in informal sector for 6 months: INBI -Tina Edwin

Give basic income of Rs 4,260 to all individuals in informal sector for 6 months: INBI -Tina Edwin

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published Published on Mar 21, 2020   modified Modified on Mar 23, 2020

-The Hindu Business Line

INBI has said that emergency basic income should be completely unconditional

Close on the heels of the United States (US) and the United Kingdom (UK) announcing measures to protect incomes of vulnerable households through cash transfers and other fiscal measures, the Indian Network for Basic Income (INBI), an advocacy group working in the area of basic income transfers, has asked the Central Government to consider an emergency basic income (EBI) transfer scheme for population engaged to the informal sector.

In a representation to the recently set up Task Force on economic response to COVID-19 chaired by Finance Minister Nirmala Sitharaman, INBI, which is an affiliate of the London-based Basic Income Earth Network, has recommended that every individual above the age of 14 years should be given EBI of Rs 4,260 per month for at least six months and every child who is under 14 years of age should be given Rs 2,130 per month. Such transfer would ensure that a household of two adults and two children will receive a cash transfer of Rs 12,780 per month. Many of these households are likely to be adversely hit with job and income losses due to the economic downturn caused by the COVID-19 pandemic.

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The Hindu Business Line, 21 March, 2020, https://www.thehindubusinessline.com/economy/give-basic-income-of-rs-4260-to-all-individuals-in-informal-sector-for-6-months-inbi/article31128010.ece


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