Newslaundry Podcast

In this episode of NL Hafta, Manisha Pande, Raman Kirpal, Mehraj D Lone and Madhu Trehan are joined by Vivek Kaul, an author who’s been writing a series on the Union Budget for Newslaundry.Vivek starts the conversation with the 2020 Budget and the Economic Survey. “What used to be a remarkably esoteric document suddenly became very readable,” he says. Vivek says the invariable economic slowdown India is witnessing is a result of a lack of investments. He speculates that the reason for this might be the fact that it’s incredibly hard to carry out any economic activity in India right now, and blames this on operational issues.Mehraj brings up the huge tax cut the government gave mega corporations a few months ago, and wonders why this hasn’t resulted in a jump in investments. Vivek responds, “When a corporate invests, they hope to see a return on their investment, but there has been a consumption dip.”Madhu chimes in, “I’m wondering about the inconvenience that so many traders complain about when they talk abou