Finland First Country to introduces basic income for unemployed
Posted on: 04 Jan 2017 10:36:07
04 January 2017 Current Affairs: Finland has become the first country in the world to pay a basic income to randomly picked citizens on a national level in an aiming at dismissing poverty, motivate people to join the workforce and decrease unemployment.It is conducted with 2,000 randomly picked unemployed participants between the ages of 25 and 58.
The plan aims to find ways to reshape the social security system in response to changes in the labour market, according to the website of the Social Insurance Institution or Kela, which manages the project. It also seeks to reduce the bureaucracy and simplify the complicated benefits system, Kela says.
The scheme, which was launched on January 1, hopes to create an incentive for more Finns to work, since the fear of losing welfare benefits make many citizens act picky about the job they would accept.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail