Rahul Mehta Gandhinagar LsCandidate

MNC-agent and India's Chief Economic Adviser , in order to rob Upper Middle Class, proposes UNIVERSAL BASIC INCOME (news of 25-feb-2017)
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In proposed Universal Basic Income scheme,. GoI will give some Rs 500 to Rs 1000 per person per month to say some bottom 50% population. Where will money come from? The money will NOT come from mineral royalties or land rent from Govt plots !! The money will come from income tax and GST !!!
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IOW, the scheme is to reduce after tax income of upper middle class so that theur ability to start new business and compete with super-elitemen reduces !!
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If the goal was to help poor, then MNC-agent cum India's Chief Economic Adviser Arvind Subramanian would have supported equal distribition of mineral royalties and land rent from Govt. He would have also supported replacement of GST by wealth tax, because wealth tax is far far LESS regressive than GST !! But Arvind Subramanian opposed wealth tax on plots owned by Foundations and Charitable Trusts, and opposes wealth tax in general, and supports GST !!! And he supports GST with clause that "buyer will bear the burden of missing trader" !!
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So whole goal behind is proposed universal basic income is to rob upper middle class, so that their ability to compete against super elite reduces.
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See the news below.

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http://www.financialexpress.com/economy/cea-subramanian-bats-for-universal-basic-income/565919/
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CEA Subramanian bats for Universal Basic Income
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Noting that social welfare programmes of the government were not very effective in reaching the target citizens of the country, chief economic adviser Arvind Subramanian on Friday advocated a Universal Basic Income (UBI) for India.
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By: FE Bureau | Ahmedabad | Published: February 25, 2017
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The proposal of UBI suggests providing an estimated 0 to 0 yearly income for the majority of Indians, which could be equivalent to about 4% to 5% of India’s gross domestic product.
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Noting that social welfare programmes of the government were not very effective in reaching the target citizens of the country, chief economic adviser Arvind Subramanian on Friday advocated a Universal Basic Income (UBI) for India. Delivering a lecture on the Economic Survey 2016-17 at the Indian Institute of Management, Ahmedabad (IIM-A), Subramanian said the idea had been gaining ground both in India and internationally, and the world was waiting to see how India would follow up on it.
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“Ahead of the survey, we gathered data on about seven to eight major social programmes and tried to map where the funds were being spent, and found that government programmes were not very effective at targeting the right people. From data of different states, we found that in a sense, the greater the poverty, the greater is the inadequacy of spending there”, Subramanian said.
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Speaking about the challenges in implementing UBI in the country, Subramanian said, “We have presented this to the highest circles, but it has to be discussed very carefully. A major advantage is that it will allow anyone to transfer money to the bank accounts or the mobile phones of the citizen anywhere. In India, the problem is that it is very easy to introduce new programmes, but difficult to withdraw existing programmes. And the cost of such a programme would be big enough that it cannot be added on to other programmes.”
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Responding to questions on how it could be implemented in India, Subramanian admitted that “financial inclusiveness” was still a problem for the country. He said, “Despite Jan Dhan accounts and other programmes, we are far away from achieving financial inclusiveness, but there are possibilities of making strides there. About 35 crore people have no phone as of now, but we can make rapid progress in that over the next few years.”
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The proposal of UBI suggests providing an estimated $150 to $220 yearly income for the majority of Indians, which could be equivalent to about 4% to 5% of India’s gross domestic product. UBI would replace several government social welfare programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA). Speaking about MNREGA, Subramanian admitted, “With MNREGA, the benefits don’t necessarily get through to the most deserving of the beneficiaries because the funds are mediated through multiple levels of government and there is leakage.”