Currently, the most popular of these methods of redistribution is, as mentioned earlier, the universal basic income (UBI). At its core, the idea is simple: every citizen (or every adult) in a country receives a regular income stipend from the government—no strings attached. A UBI would differ from traditional welfare or unemployment benefits in

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The act covers various aspects of payment systems, including bank transfers (NEFT, RTGS, IMPS), card networks (Visa, MasterCard, RuPay), digital wallets (Paytm, PhonePe), UPI, and more