Aboutme.SubinEconomics- Universal Basic Income

Aboutme.SubinEconomics-Kaushik Basu Cries Against Universal Basic Income (UBI).      Ubi is a basic right for a human being to live and to eat. So that Indian Govt is planning to implement this scheme in near future. This will surely reduce the poverty line by 0.5%. Reducing the poverty line is a dream not only for poor countries but also for rich countries.           Aboutme.SubinEconomics-Kaushik Basu Cries Against  Universal Basic Income(UBI). Congress economist Kaushik Basu was complaining that reducing 0.5% of poverty line will cost govt 4-5% of gross domestic product. If you take the amount of scams done during the period of congress rule, the loss of gross domestic product was between 10-15%. At the time dear economists Kaushik Basu was silent. At the time of later Manmohan Singh regime the amount of scams was worth more than Rs. 2 Lakh Crore. Kaushik Basu, what will the effect of this on Indian gross domestic product. You must calculate not only the scam, also the cost for getting the culprit jailed and reversing the money back to the system. The total gross domestic product loss is clearly 25%. Which country can bear that? So its better if you are doing economics, do all calculation not only for good things, but also for bad. Kaushik Basu, we are not taking money from world bank or IMF to implement this. Social Accounting is mere required, done in developed countries too. Study that and comment. You will get the answer.    Aboutme.SubinEconomics-Kaushik Basu Cries Against Universal Basic Income(UBI)