CURRENT AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and Switzerland provide the most generous unemployment protection systems of all ILO member countries, the report says.

Detailed explanation-3: -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-4: -UBI in German Politics In 2021, the Greens were the first major political party in Germany to add UBI to their official party program. The democratic-socialist party die Linke (the Left) has also suggested introducing a basic income of 1, 200 euros a month.