In an interaction with Business Today, Guy Standing, a founding member and honorary co-president of BIEN tells that the Central Government's move to provide direct income support to small farmers (Rs 6000 per household a year) is a right first step in that direction.

Assured cash transfers to small and marginal farmers might become more inclusive, leading to a new form of universal basic income.

Arun Jaitley slams Congress President Rahul Gandhi for ridiculing the scheme announced in the Interim Budget for 2019-20 by equating it to Rs 17 a day dole.

Finance Minister Piyush Goyal has already earmarked Rs 20,000 crorefor disbursal among 12 crore farmers under the scheme in the current financialyear.

NPAs being written off and revenue being foregone every year for India's rich can easily fund Minimum Income Guarantee scheme

The idea of UBI is not new but in the past few years, it has resurfaced globally in a very big way as a means of redistributing income.

Centre might announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In.

PM Modi's government budgeted 700.8 billion rupees for fertiliser subsidies for the year 2018/19, but nearly half of the money was used to settle dues from the previous year

Chidambaram says Modi's recent interview suggested the government had done everything right. But, people have already written 'Fail' on the Modi govt's report card, he claimed.

DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden.