Television

Industry sees some positives in budget

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/01/13/Untitled-1_13.jpg?itok=LT4_7k9g

NEW DELHI / MUMBAI: Presented below are reactions from a cross-section of the industry to Budget 2004.

 

Zee Telefilms CMD Subhash Chandra:



"The 2004 budget is aimed towards fiscal consolidation with focus on growth and equitable development. I am very happy to see that there is adequate emphasis on rural development as well as on infrastructure development."



"Rural incomes are a powerful driver of demand and should benefit all sectors of the economy including broadcasting and media. It also creates an attractive environment for FDI and FII investments into India.



"Increased support to basic education, public healthcare schemes, strengthening of PDS, improvement of basic facilities for the poor sections of the society like electricity, housing for poor will bring about widespread social development, if implemented well.



"Though I am of the view that instead of levying 2 per cent cess, if the Finance Minister gives 100 per cent income tax exemption to businesses that provide Primary education in rural India, it would have achieved the desired result.



"Increase in FDI limit in the aviation, insurance and telecom sector is a very encouraging move and signals the seriousness on infrastructure development. It also signals continuation of the reform process, which is welcome.



"As far as the television and media sector is concerned, this budget does seem to have some positive impact due to the offset available in service tax against the tax chargeable on services provided by broadcasters.



"Overall the budget is a balanced one without much inflationary outcome."



Star India CEO Peter Mukerjea



"The overall budget is good, in that if the rural sector is able to flourish then its impact on the economy will benefit the country as a whole. As a company that has invested very substantially in India and has plans to invest more, we welcome the setting up of an Investment Commission. However, we have certain concerns. The hike in service tax to 10 per cent and the widening of the service tax net to include independent TV and radio programme producers will have a negative impact on our input costs."



BAG Films MD Anurradha Prasad:

"The government has brought TV and radio production houses under the service tax net, but has not given any incentives for long haul projects like setting up world class post-pproduction facilities. It's the royal ignore," she added.



Balaji Telefilms CFO Devrajan

"The sponsored category of our revenue model will not attract service tax, although from now on the commisioned model will come under the purview of service tax. Having said that, this is still revenue neutral, in the sense neither the production house nor the channel will be impacted by the service tax all thanks to the facility of input credit."



UTV director operations & finance Ronald D'Mello

"The content and production industry on the whole needs a little pampering and incentivisation in terms of import of equipment among others as has been requested to the Goverment at many occasions. Imposition of service tax will defintely increase the cost of procurement of content by the channel inspite of the input credit facitlity and this was quite unexpected."

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/15/Sony_Marathi.jpg?itok=gd2Uqx84
Sony Marathi aims to fill need gap in the market

Sony is taking the plunge into the Marathi general entertainment market to compete with Zee Marathi, Zee Yuva, Colors Marathi and Star Pravah.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/ndtv.jpg?itok=G6JI38LH
NDTV India reverts to pay channel from FTA

NDTV has decided to convert its free to air (FTA) channel NDTV India as a pay channel with effect from 15 September. On 8 April 2016, NDTV India, the Hindi news channel, started its FTA journey. Prior to that, the channel was a paid service priced at Rs 3.37 on direct-to-home (DTH) and addressable...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/tyson.jpg?itok=zxfKx9sB
Mohamedali pulls no punches, ropes in Mike Tyson to launch the global Kumite 1 League

Kumite 1 League, the first global team Mixed Martial Arts league, is all set to host boxing legend Mike Tyson.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/news.jpg?itok=pYr3369_
Times NOW & Mirror Now announce a special line-up to celebrate the 72nd Independence Day

As India gears up to celebrate its 72nd Independence Day, India’s leading English news channels, Times Now & Mirror Now, announce their special programming line-up to celebrate the spirit of freedom.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/fernandes.jpg?itok=ZWXeOW8Z
Changes in Senior Management & Board of Directors of lnduslnd Media & Communications limited, a subsidiary of the Company

The Board of Directors of HVL on August 13, 2018 have noted  that  Board of Directors of lnduslnd Media & Communications Limited ("IMCL"), a subsidiary of HVL has:

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/neeraj.jpg?itok=ZvLk4ckd
Sab's Aladdin to be relevant to the new generation

Sony Sab is all set to transport viewers to an age-old story with a modern twist. After giving three new launches this month, it is close to launching the fourth one Aladdin: Naam Toh Suna Hoga, produced by Peninsula Pictures, which will be aired on 21 August, Monday to Friday at 9 pm. Its recent...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/asia-cup.jpg?itok=L-YXgemt
Star Sports to telecast Asia Cup in Hindi, English, Tamil

The Unimoni Asia Cup 2018 is all set to commence from 15 September and will see Asian neighbours – India, Pakistan, Bangladesh, Sri Lanka and Afghanistan - fight for the trophy. Star Sports, the official broadcaster, has released its first film for the tournament which speaks of the unique aspect...

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/13/zoom.jpg?itok=KkVHZdxQ
Zoom Studios launches its second series, ‘Ready 2 Mingle’

After the resounding success of The Reunion, The Zoom Studios, the original content arm of zoOm styled by Myntra is back with its second series- Ready 2 Mingle.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/13/pl.jpg?itok=XC7xv3jD
CPL 2018 becomes first T20 league to stream live on Twitter

The Hero Caribbean Premier League has recently announced its collaboration with Twitter to live stream all matches of the 2018 season in 54 countries.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories