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...