YOU MIGHT LIKE THIS

 Dear lla,

 

 

Just read your following article

 

 

The Congress’s NYAY plan is just a palliative  ,

 

-      where you write :

 

#    These households will be better off by not earning the Rs 1.25 lakh per year that they are currently earning and

      dropping below the poverty line to avail of the income transfer. 

 

#    In fact, households do not need to even earn less. They simply do not have to report how much they are earning

 

#    In an economy in which the biggest problem is employment, poverty reduction by income transfers is a palliative,

      but not a solution. Transfer payments need to be accompanied by a reform programme for increasing investment,

      growth and jobs. 

 

 

Apart from finding resources and facing intractable problems of identifying the target beneficiaries , pointed out so well by you , there are other deeper aspects which I have tried to highlight in my following blog

 

With regards,

 

Hemen Parekh

 

Mumbai  /  www.hemenparekh.in

 

 

Tuesday, 26 March 2019

What will win the War ?

 

 

 

It seems Congress is concerned more with winning the elections ( - the BATTLE )

 

 

Yesterday it announced a monthly payment of Rs 6,000 for 5 crore poor families – a version of UBI ( Universal Basic Income )

 

 

 

May be , after vainly trying umpteen different schemes  towards “ Garibi Hatao “ for over 60 years, Congress has concluded :

 

 

There is no way to “ hatao garibi “ . There is no way to reduce / eliminate poverty ( - the WAR )

 

 

 

For the next few days , experts / economists and TV panelists , will hotly debate the pros and cons of this Congress announcement

 

 

I doubt whether a single opponent of this announcement will point out the greatest psychological damage this scheme will do to the very people ( 5 crore poor families ) it is supposed to help

 

 

 

This scheme will try to consolidate / re-confirm their belief that :

 

 

“ Poverty is our birth right. We are born poor / will die poor. Our only “nirvana” from this abject poverty is death “

 

 

 

Will any expert dare to tell these poor :

 

 

“ You are being drugged with an opium called election

 

 . The design of the grand old party is to ensure that you remain poor forever – so that it can throw crumbs at you every 5 years, to induce you to vote for them “

 

 

 

I hope that the BJP spokesperson on the TV panel has the courage to say :

 

 

 

We do not believe in feeding fish to a hungry man. We believe in teaching him, how to fish

 

 

 

As against that Rs 6000 / month announced by Congress, we propose to spend Rs 5,000 / month to impart SKILL toANY person , so that he / she can use that acquired skill to earn an honorable living and pull himself out of the perpetual poverty

 

 

 

If voted to power, we promise to implement :

 

 

NITI Aayog suggests raising monthly training stipend to Rs 5,000    (   19   March  2019  )

 

We believe, any form of dole – by whatever name called – is :

 

 

Undisputed  Bad  Idea

-as explained in :

 

 

Universal  Basic  Income  ………………………….. 20  Jan  2017

 

 

 

The reason it is a bad idea is :

 

 

#  At its fundamental conceptual framework, a currency note denotes  “ Tangible Work “

 

 

#  Currency notes came into existence as a convenient way to “ Measure and Exchange “ , each other’s work

 

 

#  Handing over to anyone, a currency note without any exchange of WORK in return, is no more than getting

    someone else to put in that work

 

 

#  When a government , introduces UBI , it is handing out currency notes deposited in the exchequer by tax

    payers , ie: work put in by some other citizens

 

 

#  UBI may end up “ de-motivating “ the recipients from acquiring skills to pull themselves up with bootstraps

 

 

#  UBI will usher a “ dependency culture “ where the recipients always depend upon “ Sarkar Maa-Baap “

 

 

And , last but not the least :

 

 

#  Given the complexity of determining the target group – and its subsequent administering – UBI tends to become

    arbitrary / unwieldy and a breeding ground for corruption

 

 

Now , what could have emboldened the Congress to announce this scheme ?

 

 

Could it be a very high probability that it will never win enough seats in the LokSabha elections to form a government , and therefore, will not be called upon to implement this scheme ?

 

 

==========================================================

 

26  March  2019

 

Rsvp :  hcp@RecruitGuru.com