₹72,000 per year per poor person in India
So for if we consider around 25 Crores people in India to whom this amount is to be given, it amounts to
₹72000×25crore = 18 Lakh crores
India's revised budget for revenue receipt for 2018-19 was ₹19.93 Lakh Crores
So Congress planning to give up all the govt. receipt in the accounts of poor people.
Remind Congress that there are other expenses for the country as well:
-Defense
-Medical Expenses
-Education
-Railways
-Dams
-Nuclear Power etc. etc.
So, this NYAY that Congress talks about sounds totally baseless.
Further, this yojana is inspired from communist ideology
Its communist fantasies to have money without doing anything, this is what Kanhaiya Kumar, Umar Khalid, Shehla Rashid also have.
And if these Fantasies of Communist to give money for free is implemented, it will lead to multifold problems in the economy.
Understand it in the most simple way-
1). If ₹72,000 is credited in every citizens' account, that will create enormous demand for various goods and services.
2). As this amount is credited for free i.e. without creating any goods or services, aggregate supply of all the goods or services will still remain at the same level
3). This means - more money supply in the economy without corresponding increase in goods or services.
which implies
Enormously increased demand in relation to aggregate supply
4). This will for sure cause prices of goods and services to rise manifold, which may lead to a situation of hyperinflation.
Venezuela, a country in South America is presently facing this problem of hyperinflation where a kg of rice is costing 220,000 bolivars (bolivars is currency of Venezuela as rupees₹ is ours). I m giving the example of Venezuela as this country too followed communist or can say socialist ideology.
So, in greed of power, Congress even wants put the country into such dangerous situations. These people can go extreme low to snatch power.
In short, this Congressi yojana and their manifesto is communist, separatist and Anti-India.
Be alert from these crooks.
Vande Matram
