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According to information available with indiantelevision.com, Prasar
Bharati's total asset of Rs 54 billion do not include the various
real estate properties where various DD and AIR offices and facilities
are located round the country. The primary reason for the non-inclusion
of the commercial properties is that the land deeds have not yet
been transferred by the government to the Corporation. a corporate
entity.
"Imagine the huge assets that Prasar Bharati would be sitting
on if the rights of the real estate is also transferred to the Corporation,
especially considering the high cost of land in India these days,"
a source in Prasar Bharati mentioned while speaking to indiantelevision.com.
AIR and DD occupy prime real estate properties in metros like Delhi
and Mumbai whose market value, as per current market prices, would
run into millions of rupees. Despite this, the Prasar Bharati secretariat
is housed in rented premises in the heart of the Capital in the
Press Trust of India building.
Before the Prasar Bharati had been formed and the various modalities
were being worked out, a high-powered committee, instituted by the
government in the mid-1990s, had estimated that the total asset,
including land, at the disposal of the Corporation would be in the
region of Rs 550 billion - a figure which was topic of much discussion
in government circles then. The committee had taken into account
the then market price of various real estate properties which were
occupied by DD and AIR round the country.
Recently, India's information and broadcasting minister Sushma
Swaraj had informed parliament that there is a big gap between running
expenses of pubcasters DD and AIR and the revenue being generated
by the organisation.
She had informed Parliament that the running cost of Prasar Bharati
during 2001-2002 was Rs 10.50 billion, while the revenue earned
was pegged at slightly over Rs 7 billion.
In recent times the Planning Commission, which plans government
expenditure on a five-year basis, in a report had indicated that
Prasar Bharati should seriously look at tapping various other ways
of generating additional revenue.
The reason being the annual grants -in- aid which it gets from
the government is likely to be reduced next financial year beginning
1 April 2003.
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