Economy Minimum Income Guarantee: An idea that is the need of the hour Updated : January 31, 2019 12:53 PM IST The Universal Basic Income is a fixed cash transfer to every resident of the country. The Economic Survey declared that Universal Basic Income “could be to the twenty first century what civil and political rights were to the twentieth.” The price tag on a Universal Basic Income for a nation as populous as India would be back breaking. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.