Entertainment industry submits its budget wish list to Swaraj

A five-year service tax holiday and waiver of customs duty on broadcast uplinking equipment figured prominently in the entertainment industry's pre budget pitch to information & broadcasting minister Sushma Swaraj on Monday.

The delegation comprising Ficci, CII and the Indian Broadcasting Foundation (IBF) met Swaraj and made a strong representation on several issues that have dogged the industry. Maintaining that the service tax on broadcasting would fetch the government only Rs 1450 million, the representatives asked Swaraj to seek a five-year tax holiday from finance minister Yashwant Sinha. Swaraj is scheduled to meet Sinha on 16 January with the representations. Delegates of the three organizations were unanimous in seeking removal of customs duty on uplinking, downlinking and cinematographic equipment.

A CII release says the chamber has recommended that the customs duties on content creation software like digital camcorders, digital video and tape recorder, digital video tapes and video monitories, which are between 51 and 63 per cent, should be abolished in five years. CII has said that all recorded CDs should be exempted from excise duty and if not possible, a flat rate of Rs 4-5 should be levied. On the issue of piracy, CII has said that an anti-piracy fund should be set up with contributions to such funds be exempted from income tax. 

While at it, the industry has also sought the setting up of a Rs 1000-million fund to enable small and medium newspapers easy access to low interest funds. Co-chairman of the Ficci entertainment committee Amit Khanna has said that the delegation also sought the rationalisation of certain direct taxes, including that pertaining to advance tax on films. Among those who attended Monday's meeting were Aaj Tak CEO G Krishnan, Sahara TV's Mahesh Prasad, ESPN country head Manu Sawhney, IBF executive director Bhuvan Lal and CII president Sanjiv Goenka.

Latest Reads

Launched on November 19, 2014, EPIC celebrates the completion of four years on air, in which it has set aspirational benchmarks for Indian TV content.

Television TV Channels Music and Youth
Celebrating 100 years of Bengali cinema, Viacom18 and Film Heritage Foundation bring the 4th Film Preservation & Restoration Workshop to Kolkata

In line with the centenary celebration of the Bengali Film Industry, and with a purpose to encourage and give an impetus to film preservation and restoration, the 4th edition of Film Preservation & Restoration Workshop India (FPRWI) 2018 was today inaugurated at Kolkata’s Rabindra Sadan.

Television TV Channels News Broadcasting
Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands between 27 October-02 November 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals. The data demonstrates ads that were...

Television TV Channels Viewership
Zee Anmol back on top of Hindi channels across genres

Zee Entertainment Enterprises Ltd's (Zeel) free to air (FTA) Hindi GEC Zee Anmol was back to second rank in Broadcast Audience Research Council of India’s (BARC) weekly list of top 10 channels across genres in week 45 of 2018 (Saturday, 3 November 2018 to Friday, 9 November 2018, week under review...

Television TV Channels Viewership
MNX to premiere supernatural fright flick, ‘Wish Upon’

MNX, the preferred movie channel of the millennials, will premiere, American supernatural horror film, ‘Wish Upon’ for the first time on Indian television.

Television TV Channels English Entertainment
Hill+Knowlton Strategies India wins communication mandate for Discovery India

After a competitive multi-agency pitch, Hill+Knowlton Strategies, one of India’s premier communications consultancies

Television TV Channels English Entertainment
Doordarshan now wants all matches of men’s hockey WC

Even as TV sports channels are wracking their brains as part of a public consultation to justify why proposed tweaking of rules relating to mandatory sharing of signals of sporting events is not a good idea, the Indian government has gone ahead to notify hockey World Cup for sharing with the...

Television TV Channels Sports
Balaji Telefilms reports higher programming hours and better realisation

The Ektaa Kapoor-led Balaji Telefilms Ltd reported a consolidated profit from continuing operations of Rs 7.1 crore for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to a loss of Rs 22 crore for Q2 2018 and a loss of Rs 0.6 crore in the immediate trailing...

Television Production House Post Production
3rd Sahitya Aaj Tak India’s largest Hindi Literature Festival promises a grander & a bigger show

Aaj Tak, India’s No. 1 Hindi news channel with over 25 crore viewers (Source: BARC, TG:2+,Mkt:HSM, Period: W29'18-W32'18,) kicks-off the third edition of its annual mega Hindi literature festival - Sahitya AajTak .

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories