Specials

Advantage foreign broadcaster in Budget 2002

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/event-coverage/2016/02/24/Itv.jpg?itok=JsZM2Ru_

It was brief to say the least. The amount of time that finance minister Yashwant Sinha devoted to the entertainment sector in his speech to parliament while presenting the Union Budget 2002-2003 that is.

The key announcements Sinha has made relating to the entertainment, film and television industry in the Union Budget announced today are:

* Rather than removing that 5 per cent service tax as sought by the entertainment industry, cable operators as well as event management companies have also been brought under the purview of this levy.

*Customs duties on studio equipment and earth stations has been reduced from 35 per cent to 25 per cent. Specifically referring, to the duty reduction on earth stations, Sinha said this was keeping in mind India's potential to become the uplinking hub for South Asian countries.

*Budgetary allocation to the information & broadcasting ministry up 22 per cent to Rs 4150 million.

*Overseas joint venture investment limit for Indian companies has now been upped to 50 per cent of net worth from the earlier 25 per cent. This is likely to work as an incentive to Indian entertainment companies to set up subsidiaries abroad.

*A 50 per cent tax exemption to the those operating multiplex theatres for the next five years. The catch appears to be that the relief is applicable only for multiplexes that come up in rural areas.

*Corporate tax on foreign companies operating in India brought down from 48 per cent to 40 per cent. However, it should be kept in mind there is a 5 per cent surcharge on corporate tax that has been slapped across the board. This means a 2 per cent addition to be factored in. Therefore the actual payout is 42 per cent.Still, considering that corporate tax on Indian companies today stands at 35 per cent, this is likely to further incentivise foreign players to set up wholly owned subsidiaries in India.

All in all therefore, broadcasters like Zee, Star and Sony that are basically foreign owned entities, should not have too much to complain about. The same cannot be said for the cable industry though.

We will be adding more details as and when they become available to us.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/05/watch.jpg?itok=ehnR-4aT
65% of south India tuned into TV news channels on Counting Day

The much-awaited general election results were declared on 23 May, and the media platforms have seen one of their highest peaks in recent times.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/31/timesinternet.jpg?itok=AAtwgass
Times Internet sees 133 million users on Election Results Day

Times Internet, India’s largest digital products company, was the preferred choice of users for news and content on 23rd May, the date of the announcement of the 2019 General Election results.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/30/election.jpg?itok=5Mmsod1b
India Today Group dominates Elections 2019

The India Today Group's gold standard of journalism was backed by Ground reporting, accurate exit polls, state-of-the-art roving studios from the ground and election intelligence tools to capture the largest democratic exercise in all its flavours.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/24/modi.jpg?itok=kX7FAR3n
BJP’s return to power signals positive roadmap for digital brands and agencies

After a highly intense political show that ran over several months, the ruling Bharatiya Janata Party (BJP) has once again staked its claim to the central power within the country with Prime Minister Narendra Modi expected to reign his second term.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/election_0.jpg?itok=ukuTPGk9
2019 Election results: Top media execs welcome PM Narendra Modi’s second term

Prime Minister Narendra Modi-led National Democratic Alliance (NDA) is on its way to a landslide victory in the 2019 election, with margins bigger than the 2014 one. The party’s win proved all exit poll predictions true. While the BJP-led NDA has already crossed 300 seats, the opposition party...

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/23/election.jpg?itok=JJBOqY5f
General Elections 2019: BJP leads with more than 50% seats

After months of high-octane campaigning and controversies, the D-day deciding the fate of over 8000 candidates who participated in Lok Sabha 2019 elections of India, across 542 constituencies, is here.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/09/gonews.jpg?itok=6XdkqYOf
GoNews ties up with APN For Election Day 2019

India's first App-based television news channel, GoNews, and satellite TV news channel, APN, have decided to pool together their resources to cover the results of General Elections 2019.

Specials Elections 2019
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/09/connect.jpg?itok=i940j4Mk
ConnecTechAsia - The Region’s TMT Platform for Networking and Business Intelligence Under One Roof

With transformation at the top of their agenda, business leaders are meeting at ConnecTechAsia, held in Singapore from 18 – 20 June 2019, to showcase and discover the latest technologies that promise to ready businesses for the future.

Specials Event Coverage Occasions
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/07/watcho%5D.jpg?itok=U1xNerV9
Dish TV India’s OTT platform ‘Watcho’ presents ‘Vote The hell’ – A comedy series on elections

Dish TV India limited and Motion Content Group in association with Friday Code Private Limited have come together to announce ‘Vote the hell’ – a comedy show on elections featuring India’s top comics.

Specials Elections 2019

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories