unsplash-logo Image Credit - Abby0427 Yoga With Modi's farmer scheme ( PM Kisan ) and then Congress follow up with 72k per annum for poor ( NYAY ), a lot of debate has ensued on the efficacy of income guarantee as a tool of public welfare. There are many who argue the time has come for India to start giving some form of Social Security to its citizens while some others argue the exchequers (in)ability to do so. The financial debate aside, one major aberration I see is the conflation of the terms 'Income Guarantee' (IG) and 'Universal Basic Income' (UBI). I am no economist but I have keenly read about the UBI experiments in Scandinavian countries , libertarian geeks on the subject [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] [ 7 ] and the recent UBI proposal by the American Presidential candidate Andrew Yang . On the basis of this reading, I was able to conclude at least on one thing - IG and UBI are different concepts. UBI is supposed to be Universal - even an Aka...