WHAT IS BASIC INCOME?
What is Basic Income?
Basic Income is a modest income paid by government unconditionally to all the citizens. It is paid monthly to every individual without any means test or work requirement. The basic principle behind this idea is that every citizen has a right to a dignified life and therefore should be given access to her basic material requirements of life.
An ideal Basic Income should have six elements: it is universal, unconditional, cash only, individual, monthly transfer, and a right for lifetime.
For a detailed discussion on basic income click here
For India specific discussion click on the following, Relevance of basic income in India