ARJUN Sengupta Committee report suggested that when all the informal workers are covered under social security schemes (as per its projected model and package), the Union government contribution will be Rs 20,583 crore (including pension to below the poverty line workers and administrative expenses), and the contribution of state governments will be Rs 4,819 crores, by the end of financial year 2010-11. Overall, as per the projection of eight per cent GDP growth, this worked out to 0.48 per cent of GDP for the year 2010-11. Other estimates show that it is possible to raise these resources by improving the overall architecture of taxation in the country. The simple point is: meeting the needs of a basic level of universal social security is hardly expensive and does not in any way hurt the country’s global competitive potential. But, the Modi led BJP government is advocating insurance schemes to be funded by individual worker and to cater to the super profit dreams of corporate insurance mafia, including some MNCs.