Prasar Bharati revenues on the upswing: Economic Survey

NEW DELHI: Indian pubcaster Prasar Bharati arrested a trend of declining earnings in 2004-05 with national broadcaster Doordarshan earning its highest revenue (Rs. 6,700 million) since 2000-01, according to the Economic Survey today.

In the economic report card of the government, the government, while presenting a rosy picture of a buoyant economy, said the total expenditure of Prasar Bharati in 2004-05 rose to Rs.16, 920 million from Rs.16, 700 million in 2003-04.

The Economic Survey stated, With total receipts increasing from Rs.6740 million in 2003-04 to Rs.8310 million in 2004-05, there was an improvement of 8.8 percentage points in the ratio of total commercial receipts to total expenditure.

The Survey added that the declining trend in commercial receipts was reversed and Doordarshan earned the highest revenue since 2000-01 amounting to Rs.6700 million.

In the Budget for 2005-06, the government has provided a sum of Rs.12, 920 million to cover the resource gap of Prasar Bharati.

With the government tabling the economic report card a day ahead of the Union Budget on 28 February 2006 and painting a rosy picture, the 30-share Bombay Stock Exchange (BSE) Sensex closed firm at 10,282 with a gain of 81 points from its Friday's close.

The capital markets responded positively on Monday to the reports of over eight per cent (8.1 pc) GDP growth rate expectations reported in the Economic Survey.

However, the Survey suggested that though the economy was on a roll, there were some warning signals too, which were the risk of hardening interest rates, higher inflation and fiscal deficit in the face of global oil crisis.

Without tackling the major problem of power, it would be difficult to move on to high 8-10 per cent growth, the report card of the government said.

A news agency reported that the voluminous document advocated unburdening the industry from high level of taxes and decorative exemptions that provided perverse incentives. It also favoured levying user charges and cutting unwanted subsidies.

Services sector growth continued to be broad based, according to the Economic Survey

Among the three sub-sectors of services, trade, hotels, transport and communication services continued to lead by growing at double-digit rates for the third successive year.

However, community, social and personal services, which include public administration and defence, reflecting the process of fiscal consolidation and increasing efficiency of fiscal expenditure management, experienced a growth deceleration of more than a percentage point.

Macroeconomic Overview

In a robust demonstration of its nascent strengths, the Indian economy, after growing at 8.5 per cent and 7.5 per cent in the two previous years, is projected to grow at 8.1 per cent in the current year 2005-06.

Growth of Gross Domestic Product (GDP) at constant prices in excess of 8.0 per cent has been achieved by the economy in only five years of recorded history and two out of these five are in the last three years.

After dipping below 1.0 per cent in 2004-05, mostly on account of erratic rainfall, agricultural and allied sectors growth in 2005-06 is projected at 2.3 per cent.

With farm prospects good --- India is still essentially an agrarian economy --- some significant dimensions of the dynamic growth in recent years are a new industrial resurgence, a pick up in investment, modest inflation in spite of spiraling global crude prices, rapid growth in exports and imports with a widening of the current account deficit and laying of some institutional foundations for faster development of physical infrastructure.

Latest Reads
MIB favours self-regulation, TRAI says some regulation mandatory

Even as he favoured the idea of self-regulation in the media, Information and Broadcasting Minister M Venkaiah Naidu stressed today that "regulation should not become strangulation."

Regulators I&B Ministry
FM Phase III e-auction tomorrow

NEW DELHI: The e-auctions for the second batch of Radio FM Phase III has been put off by a day to 26 October 2016.

Regulators I&B Ministry
TRAI tariff order, interconnect regulations; date for responses extended

NEW DELHI: Stakeholders wanting to give in their reactions to the latest draft Tariff order for Digital Addressable Systems, the Quality of Service and Consumer Protection Regulations, and the draft interconnect regulations have been given time till 15 November 2016 to respond.

Regulators TRAI
FM P-III auction: EMD, bidders initial eligibility declared

NEW DELHI: Even as the day of the e-auction of the second batch of FM Phase III on 25 October 2016 approaches, the Government has released the earnest money deposit (EMD) by the pre-qualified bidders and the initial eligibility points (IEP) of each of these.

Regulators I&B Ministry
FM P-III second batch auction from 25 Oct; 14 in fray

NEW DELHI: The e-auction of the second batch of FM Phase III will commence on 25 October 2016 from 09.30am.

Regulators I&B Ministry
Free data, net neutrality: Discussion on TRAI paper to be held

Given the complicated issues around net neutrality, an open house discussion is to be held in Hyderabad this month on Telecom Regulatory Authority of India’s consultation paper on free data. The OHD will be held at Hotel Trident in the Telangana capital on 24 October 2016.

Regulators TRAI
Prasar Bharati advisor reviews DD marketing and policies

Former Ministry of Information and Broadcasting (MIB) Secretary and now Prasar Bharati advisor Sunil Arora yesterday asked Doordarshan to adopt the best policies of the industry, even as he approved the planned auction of slots on DD National.

Regulators I&B Ministry
Suresh Panda may be Prasar Bharati interim CEO; liberal DD auction criteria recommended

Suresh Panda, member (personnel) in Prasar Bharati is expected to take over as the acting chief executive officer of the pubcaster after the incumbent CEO Jawhar Sircar demits office on 4 November.

Regulators People
Govt. accepts Jawhar Sircar's request for early retirement

A media-savvy chief executive of Prasar Bharati Jawhar Sircar used the social media to announce yesterday that the Indian government has accepted his resignation from the pubcaster and acceded to his request for an early retirement.

Regulators I&B Ministry

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories