Category: Budget 2005

  • MSN and SifyMax to stream Union budget 2006-2007 live

    MSN and SifyMax to stream Union budget 2006-2007 live

    MUMBAI: Internet users and Indian economy watchers the world over wanting to keep track of the central budget pronouncements can do so on budget day 28 February courtesy MSN and SifyMax. The two will stream finance minister P Chidambaram’s Union budget speech live.

    The live webcast is available for the first time to the online community who can log on to www.msn.co.in from 11 am IST onwards. MSN India is presenting this live webcast in association with LIC. MSN is also providing users the option to catch up with the recorded version, which will be available for the next couple of weeks.

    MSN India head sales and marketing Rajnish R views this as an opportunity for advertisers to reach the 40 million Internet users and million of NRIs the world over.

    Broadband consumer portal from Sify Ltd will also bring the same live webcast of the Union budget on www.sifymax.in, in association with the National Informatics Centre (NIC).

    Sify Ltd Sr VP Interactive Services Surya Mantha adds, “We will also be the only consumer portal to provide budget news and analysis in five Indian languages; Hindi, Tamil, Telugu, Kannada and Malayalam. We have taken the lead in developing multi-lingual versions of our popular portal as we believe that content in Indian languages is crucial to getting many more Indians to access and use the Internet.”

    Surfers will have access to the daylong live coverage on the MSN and SifyMax, starting at 11 am. SifyMax is also arranging for a live analysis from the Sify Digital Studio by a panel of experts. Post-budget coverage will include sector wise analyses and implications of Budget 2006, feedback from users, live online chats on the budget’s impact on the common man, and useful tools for users to assess the impact of budget proposals on their finances.

  • Awaaz to air special programmes on budget 2006

    Awaaz to air special programmes on budget 2006

    MUMBAI: The consumer channel Awaaz has lined up its budget-programming, that questions the relevance of the budget for the Indian consumer. Awaaz will make a trip criss-crossing the country and voicing the opinions of Indian consumers on their expectations of Budget 2006. The channel has lined up a series of special programmes from 10 February.

    Awaaz Budget will specifically focus on innovative programme concepts which have been translated into programmes segregated into three categories: Budget Yatra, Ghar Ghar Ki Kahani and Budget Panchayat.

    Budget Yatra: The Awaaz team will travel across the country from 15 to 25 February, stopping at metros, mini metros, small towns, etc. to hold special one-on-ones and small group discussions with the local community in the country. The expectations of individuals and the nation will be voiced on the channel in the form of three to four minute segments which will be aired in key Bulletins like Aaj ka Karobaar and Awaaz Samachar.

    Ghar Ghar Ki Kahani: The team will visit Indian families from 12 different cities to analyze their expectations and understand how the budget is likely to affect them. Post the budget verdict, the Awaaz team will revisit these families to gauge their reactions to the verdict. Starting 10 February, this 2-3 minute special will air one story everyday running across the channel during the entire budget predicament.

    Budget Panchayat: Budget Panchayat will be a series of four specials, which will feature experts, analysts and industry leaders who will provide both macro as well as the micro view of what to expect from the budget and the implications of the budget on various aspects of every Indians life, like tax, personal finance, stocks and shares and macro economic issues.

    Post the declaration of the budget, six focused one hour on-air Panchayats will discuss the policy implications of the budget and the way forward while focusing on the share market, personal finance, tax, sasta mehenga (housewives), traders and overall budget and the impact of macro economic issues on consumers.

    Awaaz will also present Extreme Budget – a spoof on the budget desires and wishes of the corporate bigwigs from 16 February played eight times a day in three different versions. Shot in a typical newsroom environment, Extreme Budget will provide viewers a hilarious outlook on budget expectations.

    Special segments on Awaaz Samachar will air the budget expectations of the common man (Common Man Poll) and India Inc (CEO Poll) conducted by Synovate.

    Other pre-budget specials lined up on Awaaz are: Mera Budget, a 30 second segment playing throughout the day on Awaaz, will speak to personalities like Rahul Bajaj, Priyanka Chopra as well as the common man on the street, revealing their expectations of the budget.

    Economic Survey, a 30 minute show on the eve of the Budget will analyze each sector extensively and present a list of expectations and recommendations for each sector with a special focus on the wish list of the consumer from these sectors.

    Factoids on The Budget, a 30 second graphic segment will play throughout the day, gauging the expectations from the budget in 2006.

    The SME Focus – Awaaz will also run two pre-budget half hour discussions on the SME expectations and concerns and their ability to create a significant impact on the economic development of the country. The Railway Budget will be a 30 minute Panchayat during prime time on the railway budget, the policy implications and the reactions of the various related parties.

    Budget Day Programming
    On budget day, Awaaz will air live coverage of the finance minister’s speech simultaneously translated to Hindi. An analysis with details on the implications and Impact on various constituencies throughout the day will also feature through –
    • Regular news bulletins
    • Awaaz Samachar
    • Segments with consumer and CEOs
    • Discussions with political leaders
    • Tax impact analysis with tax experts
    • Consumer speak

    Post Budget Programming: Post the Budget, Talking Tax – two Half hour shows on 1 March will decipher what the budget means for the consumer, featuring tax experts who will discuss the implications of the direct and indirect tax recommendations of Budget 2006 in a simple and easy to understand language.
        

  • Waive service tax on film distribution: CII

    Waive service tax on film distribution: CII

    MUMBAI: Telecom Regulatory Authority of India (Trai) is contemplating approaching the court on the issue of Set Discovery distribution platform ignoring its directions on resuming the signals to the Allahabad-based cable operator Three Star Communication.

    “We are looking into the matter and are weighing the option of going to court. A decision will be taken very soon,” a PTI report quotes a senior Trai official as saying.

    Earlier, Three Star Communication filed a petition before Trai alleging that Set Discovery blocked its signals without any prior notice on the 14 December 2004. Set Discovery argued that it was `within contractual rights’ to terminate the signals as Three Star Communication was a chronic defaulter and had outstanding dues of over Rs 140,000 since August 2004.

    On 12 January, Trai, dismissing Set Discovery’s plea, directed the distributor to restore the signals immediately, to furnish a compliance report within two days of receipt of this direction and to scrupulously comply with the requirements of the Regulation before disconnection of signals.

    Now Trai is looking at moving the court as, even after 22 days, the distributor failed to restore the signals.

  • IMI wants tax to reduce from 12.5% to 4%

    IMI wants tax to reduce from 12.5% to 4%

    MUMBAI: In a pre-budget memorandum, the beleaguered music industry has suggested a reclassification of its current revenue neutral rate (RNR) status to a new in par Intellectual Property Rights (IPR) status under the new uniform value-added tax (VAT) regime to be implemented from 1 April 2005.

    Indian Music Industry (IMI), an association of music companies, states in the memorandum that the industry be classified at par with other IPR, in which the tax structure be between 0-4 per cent.

    The industry is currently categorised under the RNR category wherein a tax rate of 12.5 per cent would be applicable.

    The music industry has seen losses of more than Rs 18 billion during last three years, the IMI claims. This can be attributed to two major external factors – piracy and improper taxation.

    IMI has recommended a 20 per cent imposition on cess tax on those plants which are not using the international Source Identification (SID) code. The code created by International Federation of the Phonographic Industry (IFPI) helps trace CDs to the plants from where they are manufactured.

    However, in India most CD manufacturers or entertainment companies refuse to implement the same within their organisation.

    The implementation will create a direct impact on piracy and provide additional funds for the government.

    IMI also wants an anti-piracy task force to be created, similar to the Central Industry Security Force, to defend IPR.