"We are confident that the implementation of these recommendations will provide a much-needed boost to the media and entertainment sector, which has tremendous potential for dynamic growth and multiplier effect on employment generation without much spending from the public exchequer," Ficci President Sidharth Birla said.
For the film industry, the policy road map calls for enactment of the Cinematograph bill, constitution of a task force for improving screen density in India and ensuring that entertainment tax is fully subsumed in the Goods and Services Tax without creating a window for its levy at the local level.
To boost the radio sector, Ficci has urged the government to ensure that the process of auctions under Phase-2 rolls out smoothly, without any further delays. The auctions should be completed by September-October 2014 and that Phase-3 licenses which expire from April 2015 are extended well before the end-date.
Further, with respect to reduction in channel separation, it said the government must immediately accept Telecom Regulatory Authority of India (TRAI's) recommendations on this subject, so that an FM revolution can be brought about.
For the print media, the industry chamber has called for abolition of the Wage Board Act and exhorted the government to urgently announce fiscal relief measures for newspapers.
For the Animation, Visual Effects, Gaming & Comics (AVGC) sector, it has recommended creation of an investment fund; incubation and market development fund; tax relief; skills and talent development; Co-production treaties and focus on kids' channel in terrestrial broadcasting space.
"Given the vast and intensive reach of Doordarshan across the country, this initiative will - by popularising kids' and animation content - create a demand for original intellectual properties in the sector provide an enormous boost to its growth," it said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
