CURRENT AFFAIRS

Detailed explanation-1: -The Federal Council (the Swiss government) advised the Swiss voters to reject the referendum. It argued that the goal of living a dignified life was already codified in the Constitution and was fulfilled by means of the social security system.

Detailed explanation-2: -For a short period of time, Iran and Mongolia had universal basic income. Currently, no countries in the world have universal basic income. You can read about the Universal Basic Income (UBI) – Necessity, Benefits, Guiding Principle, Pros & Cons in the given link.

Detailed explanation-3: -Switzerland. The association BIEN-Switzerland (affiliated to the Basic Income Earth Network) promotes basic income in the francophone part of Switzerland. In the German-speaking part of Switzerland a group called “Initiative Grundeinkommen” is very active in promoting basic income.

Detailed explanation-4: -Finland in Europe had undertaken the experiment of giving basic income to the unemployed people. Finland’s government had paid €560 ($616) a month to the unemployed people. It was the first nationwide experiment on basic income.