Javadekar open to non-AIR news on FM radio
The minister said he was in favour of faster roll-out of the on-going digitisation initiative in the industry
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The minister said he was in favour of faster roll-out of the on-going digitisation initiative in the industry
In an event organised by Confederation of Indian Industry, earlier in the day some key industry representatives - that included Star TV CEO Uday Shankar, Aroon Purie, chairman & editor-in-chief, The India Today Group, Harit Nagpal, MD & CEO, Tata Sky, KVL Narayan Rao, executive vice chairperson, NDTV Group, Prasar Bharti CEO Jawhar Sircar, Radio Mirchi MD Prashant Panday film industry veteran Amit Khanna - briefed the minister on issues affecting sectors such as broadcast, print, films, radio, direct-to-home, digital cable, news broadcast and public service broadcast.
Speaking on side-lines of the event, Punit Goenka, managing director & CEO, Zee Entertainment Enterprises, pointed out media and entertainment industry was reeling from multiplicity of taxes that included VAT, service tax, and entertainment tax.
"Some of these taxes need to be subsumed as GST comes into effect" said Amit Khanna, past president, The Film & Television Producers Guild of India. Other industry honchos highlighted the need for giving infrastructure status to the sector - a long- pending demand - that would allow it to attract foreign and institutional capital.
Though the minister asked the industry to come out with Budget proposals by early next week which he would then take up with Ministry of Finance, most industry players appeared sceptical of getting any relief.
"Unless the Ministry of Finance changes its perception of media and entertainment industry from glamour to a growth sector, the whole exercise is futile," said an industry player, who has been associated with similar petitioning of government for sops and relaxations for many years.
First Published: Jun 20 2014 | 12:43 AM IST