Television

Disappointing for broadcasters, cable ops: Radhakrishnan

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MUMBAI: The main worrisome aspect of this Budget is the service tax that has shot up, affecting both the broadcasters and the cable operator community, says ETC Networks promoter and Zee Cinema and Zee Music business head Yogesh Radhakrishnan.



Coming particularly at a time when the subscriber is not willing to shell out the extra rupee, this move can only be a setback to the entertainment industry, says Radhakrishnan.



Of course, aspects like the five per cent surcharge on corporate tax are heartening, but then they have been announced for industry in general and are not specific to the broadcast industry.



The set top box duty is another disappointment. After the former I&B minister Sushma Swaraj had assured us that duties on STBs would be reduced, we had hoped for great things, but the FM has disappointed us in this regard, he says. 

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