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What is Universal Basic Income in Telugu | What is Unconditional Basic Income in Telugu| Kiran Varma
What is Universal Basic Income in Telugu
What is Unconditional Basic Income in Telugu
Kiran Varma

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Universal basic income (UBI), also called unconditional basic income, basic income, citizen's income, citizen's basic income, basic income guarantee, basic living stipend, guaranteed annual income, universal income security program or universal demogrant, is a theoretical governmental public program for a periodic payment delivered to all citizens of a given population without a means test or work requirement. A basic income, or universal basic income, can be implemented nationally, regionally, or locally. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line) it is sometimes called a full basic income; if it is less than that amount, it may be called a partial basic income.

There are several welfare arrangements that can be viewed as related to basic income, in one way or the other. Many countries have something like a basic income for children, for example. And the pension system in many cases also include a part that is similar to basic income. There are also quasi-basic income systems, like Bolsa Familia in Brasil, which has been described as a kind of basic income, but is concentrated to the poor and includes some conditions. The Alaska Permanent Fund is, in all essence, a partial basic income, with the average payout being $1,600 annually per resident (adjusted to 2019 dollars), though the amount varies substantially, from year to year. The negative income tax is also strongly related to basic income.

Several political discussions are related to the basic income debate, including those regarding automation, artificial intelligence (AI), and the future of work. A key issue in these debates is whether automation and AI will significantly reduce the number of available jobs and whether a basic income could help alleviate such problems, as well as whether a UBI could be a stepping stone to a resource based economy or post scarcity.


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