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A report commissioned by the Economic Advisory Council (EAC) to the Prime Minister has suggested that the government roll out a universal basic income (UBI) scheme to reduce stark income gaps. The report also said to launch a guaranteed employment programme for the urban unemployed.
The report titled The State of Inequality in India, prepared by the Gurgaon-based Institute for Competitiveness was released by EAC chairman Bibek Debroy.
Citing the results of the three rounds of Periodic Labour Force Survey (PLFS), the council noted that in the three years to 2019-20, the top one per cent of the population held six to seven per cent of the total incomes earned.
The report called for raising minimum income and ensuring better distribution of earnings in the labour market.
The report also noted a marginal decline in unemployment rate.