Economy Uday Kotak bats for gradual move to Universal Basic Income Updated : June 06, 2020 08:30 PM IST Kotak’s argument is that businesses must do what it takes to survive in the current environment. The idea of Universal Basic Income has gained currency after former CEA Subramanian made a strong pitch for it in the 2016-17 Economic Survey. 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.