Tag: Budget2014

  • FinMin gives Prasar Bharati enhanced grants-in-aid

    FinMin gives Prasar Bharati enhanced grants-in-aid

    NEW DELHI: The grants-in-aid for Prasar Bharati has been raised from the revised estimates of Rs 2089.56 crore in 2013-14 to Rs 2421.58 crore, even as there is no separate investment by the government in the pubcaster for the second year in a row.

     

    Interestingly, the grants-in-aid for Prasar Bharati had been raised in the interim budget (for four months) by the previous government to Rs 2331.58 crore which remains the same and the only difference is in the addition of Rs 90 crore for Kisan TV.

     

    In the budget for 2014-15 presented in Parliament, Finance Minister Arun Jaitley has made provision of Rs 200 crore from Internal and Extra-budgetary resources for Prasar Bharati and the total plan outlay for broadcasting is Rs 731.58 crore.

     

    An explanatory memorandum says that the grants-in-aid is meant for meeting the salary and salary related expenditure. In addition, there is a proposal for Kisan TV for making available information to farmers across the country for which a provision of Rs 100 crore was announced. I&B Ministry secretary Bimal Julka confirmed to indiantelevision.com that the Planning Commission had sent a note about setting aside Rs 100 crore for Kisan TV.

     

    Expenditure on salaries of Prasar Bharati has fallen on the shoulders of the government since all Prasar Bharati employees who were in employment as on 5 October 2007 have been given deemed deputation status.

     

    The total budget of the Information and Broadcasting Ministry has been raised to Rs 3316 crore for 2014-15 against the revised budget of Rs 2855.03 crore (against the initial allocation of Rs 3035.65 crore) for the year 2013-14.     

     

    The budgetary allocations in most sectors have remained the same as proposed by the then Finance Minister P Chidambaram in the interim budget earlier this year on 17 February in view of the forthcoming elections, apart from Kisan TV and some other smaller changes.

     

    The allocation under ‘Secretariat – Social services’ covering centenary of cinema celebrations and digitisation of cable television among other things has gone up to Rs 126.55 crore as against the revised estimates of Rs 79.72 crore. Other subjects under this head include the National Film Heritage Mission, anti-piracy measures, promotion of Indian cinema overseas, production of films and documentaries, and setting up a centre of excellence for animation, gaming and visual effects. The explanatory note adds that Secretariat – Social services also covers expenses on development of community radio, and development support to the north-east as well as Jammu and Kashmir and ‘other identified areas’. Interestingly, the allocation in this sector is Rs 3 crore less than the proposal by Chidambaram in the interim budget.

     

    The allocation under the film sector has, unlike last year, been increased to Rs 135.81 crore for 2014-15. The budget for the film sector for 2013-14 was Rs 117.17 crore while the revised estimates had put this figure at Rs 116.42 crore. There is an additional outlay of Rs 7.18 crore towards certification of cinematographic films.

     

    For the fifth year in a row, the government has not announced any investment in the National Film Development Corporation.

     

    The allocation for Press Information Services which includes grants to the Press Council of India has been marginally increased to Rs 65.44 crore from last year’s revised estimates of Rs 57.56 crore to meet the expenses for the Press Information Bureau, the Press Council of India, and to the Press Trust of India for running the non-aligned countries news pool.

     

    The allocation to the Electronic Media Monitoring Centre has been increased substantially to Rs 13.75 crore from the revised estimates of Rs 7.17 crore in 2013-14. The EMMC was set up for monitoring television and radio channels for violation of programme and advertising codes.

     

    The allocation for advertising and visual publicity has been lowered to Rs 230.37 crore against the revised estimates of Rs 241.6 crore and budget allocation of Rs 239.06 crore for 2013-14, covering expenditure incurred by the Directorate of Advertising and Visual Publicity for publicity campaigns through advertising and other printed materials, as well as through radio, television, exhibitions and other outdoor campaigns. The allocation is thus just Rs 3 crore more than that made by Chidambaram.

     

    The allocation for research and training in mass communication has been doubled to Rs 33.54 crore (as proposed in the interim budget) as against the revised estimates of Rs 15.91 crore and the budgetary allocation of Rs 17.85 crore for 2013-14. This covers the Indian Institute of Mass Communication and the Research and Reference Division of the I&B Ministry which collects and collates basic information on subjects of media interest for providing assistance to the Ministry and to its media units, Indian missions overseas, and newspapers and news agencies.

     

    There is a major increase in the lump sum provision for projects/schemes for development of north-eastern areas including Sikkim to Rs 100.5 crore for 2014-15. The budgetary allocation was Rs 90.5 crore in 2013-14 which had come down in the revised estimates to Rs 74 crore.

  • Cable digitisation to increase tax collection: Economic Survey

    Cable digitisation to increase tax collection: Economic Survey

    MUMBAI: The Economic Survey for 2013-14 that was tabled by the Finance Minister Arun Jaitley shows that both the centre and the state governments will benefit from the digitisation of the cable TV industry in India because of the increase in tax collection from it.

     

    Jaitley in Parliament said, “Preliminary data from the state governments show that there is already two to three fold increase in entertainment tax collections.” The transparency in the subscriber base is set to add to the manifold increase in tax collection.

     

    Due to digitisation, opportunities are being created for the domestic manufacturers to delve into more set top box (STB) production. It stated that over three crore STBs have already been installed in the eight metros and 36 cities of the phase I and II of digitisation. The deadline for complete digitisation (phase III and IV) has been set to 31 December 2014.

     

    India has nearly 16 crore TV households with nearly 800 channels. Also there are 88 teleports. However, the benefits of digitisation are yet to kick in even in the phase I and phase II markets with only a few cities being billed as per the rules. Uneven and high entertainment tax is an issue that all the stakeholders including DTH, MSOs and broadcasters are standing up to and urging the government to look into and provide them relief. DTH operators are double taxed as they also have to pay a service tax apart from the entertainment tax.

     

    While DTH operators are adding 10 lakh customers each year, the government has also allowed two more operators to provide services through headend-in-the-sky (HITS) system. Effects of digitisation are already visible on film exhibition where 95 of the big screens are now digitised and the sector is ‘poised for buoyant growth in the long run.’

     

    The survey also stated that the media and entertainment industry has had tremendous growth and according to a FICCI-KPMG report, it is expected to touch Rs 1,78,600 crore by 2018. However, piracy remains a big challenge for the film industry and the government has approved an anti-piracy plan to combat it through legal methods.

  • ET Now decodes the most awaited #Budget2014

    ET Now decodes the most awaited #Budget2014

    MUMBAI: As The Modi Government gears up to present its first Union Budget, India’s No.1 Business News Channel ET NOW is set to launch a power packed line up of shows. ET NOW will be kicking off its special two-week long comprehensive programming from June 30, 7:30 pm. Over 10 special shows will be aired in the run up to the Big Budget that will cover not just key sectoral expectations but also the economic imperatives of this Make-or-Break exercise. Given the significance of this budget, ET NOW has aptly used the tagline ‘The Big Reset’ for its entire budget programming.

     

    MK Anand, Managing Director and CEO, Times Television Network said, “This is the new government’s maiden budget and ET NOW will bring together leading experts across different fields in India, think-tanks, global investors and the country’s best editorial minds to decipher and analyse the Union Budget 2014. Through our shows, we aim to reach out to every Indian from industrialists to the common man by providing a detailed coverage on the run up to the Budget and the Budget Day.”

     

    R.Sridharan, Managing Editor, ET NOW said “We have the most powerful line up of seasoned experts in the business. ET NOW will also have the most viewer-friendly screen and the fastest flashes. Our programming line-up caters every key stakeholder in the economy ranging from the CEO to the retail investor.  The viewers’ overwhelming response to our Budget 2013 programming is a vindication of the tremendous value that our content delivers.”

     

    Jatin Bhatt, CMO – TIMES NOW, ET NOW &ZoOm, said, “With all eyes on the much-anticipated Budget from the Modi Government, ET NOW has put together an extensive programming line-up that will give audiences a holistic view on the Indian economy and the impact it will have after the Union Budget 2014 is announced.  For a channel like ours, Union Budget is an opportunity to present the most engaging and eclectic content that builds credibility among our existing viewers and helps generating new audiences.

     

    ET NOW’s Budget programming will be led by India’s most respected economist- SwaminathanAiyar, who is also the channel’s Consulting Editor. Apart from SwaminathanAiyar, other prominent economists like BibekDebroy and MythiliBhusnurmath will be commenting exclusively on ET NOW.

     

    The key shows are as follows:

     

    Budget 2014:The Politics of Budget

     

    Budget 2014 will be the budget presented by the new government in power. ET NOW’s Policy Editor SupriyaShrinate to quiz the biggest political commentators on the politics that will be at play for Budget 2014

    Date:  30th June, 7.30 pm

     

    Budget 2014:Cracking the Tax Code

     

    Panel Discussion will focus on  the key taxation issues in the run up to Budget 2014. Some of the biggest tax experts and lawyers will be analysing the likely tax reforms and their impact on corporate India and the taxpayer.

    Date: 1st July, 7:30 pm

     

    Budget 2014: The Global View

     

    The show to decode the game changing reforms that could change market sentiment and attract foreign money, the expectations of the investors. Catch top Global Fund Managers and Market experts share their budget expectations exclusively on ET NOW.

    Date: 2nd July, 7:30 pm

     

    Budget 2014: The Market Makers Budget Special

     

    Stocks Editor Nikunj Dalmia to interview big market voices on market expectations from Budget and stocks and sectors to watch out for.

    Date: 3rd July, 7:30 pm

     

    Budget 2014: Macroscope

     

    A discussion programme anchored by MythiliBhusnurmath that gives a view of the macroeconomic imperatives faced by the  government, and how the Budget is likely to address them.

    Date: 4th July, 7:30 pm

     

    Budget 2014: What Markets Want

     

    Nikunj Dalmia to interview (3-person panel) with three of the biggest market voices analysing the market expectations from Budget 2014

    Date: 7th July, 7:30 pm

     

    Budget 2014: Rail Budget

     

    The NarendraModi-led NDA government will announce its maiden Railway Budget in Parliament. Just as the General Budget, the Rail Bugdet is also keenly watched by experts and the country as a whole. Watch the extensive coverage of the Budget only on ET Now with eminent experts from various fields

    Date: 8th July, 11:00 am

     

    Budget 2014: Budget & India Inc

     

    A panel discussion anchored by ET NOW’s National Editor Sandeep Gurumurthi. It will bring together the top names from corporate India to talk about how the Budget can spur growth, and give an impetus to the reform process. India Inc’s biggest CEOs  will share their wishlist.

    Time: 7:30 pm

     

    Budget 2014: Eco Survey 2014

     

    A detailed coverage of annual document of the Ministry of Finance, In the Economic Survey programming ET NOW will speak to experts about the developments in the Indian economy over the previous 12 months and will also analyse the reforms roadmap of the govt.

    Date: 9th July; 11:00 am

     

    Budget 2014: An Agenda for the FM

     

    The biggest Macro-minds and economists come together to present an Agenda for the FM. Catch ET NOW’s Budget Think Tank:  SwaminathanAiyar, BibekDebroyand  Punita Kumar Sinha present an Agenda for the FM.This show will be anchored by ET NOW’s Policy Editor SupriyaShrinate.

    Time: 6:30 pm

     

    Budget Day programming

     

    The Budget Day will have budget special programming all through the day with ET NOW’s best line of experts comprising CEO’s, Economists, Market Experts and Foreign investors.

     

    Stay Tuned to ET NOW all this Budget season for the most credible and accurate analysis of Budget 2014.

  • ET NOW decodes the most awaited #Budget2014

    ET NOW decodes the most awaited #Budget2014

    MUMBAI: As the Modi government gears up to present its first union budget, India’s number one business news channel ET Now is set to launch a power packed line up of shows. ET Now will be kicking off its special two-week long comprehensive programming from 30 June, 7:30 pm. Over 10 special shows will be aired in the run up to the big budget that will cover not just key sectoral expectations but also the economic imperatives of this make-or-break exercise. Given the significance of this budget, ET Now has aptly used the tagline ‘The Big Reset’ for its entire budget programming.

     

    Times Television Network managing director and CEO MK Anand said, “This is the new government’s maiden budget and ET Now will bring together leading experts across different fields in India, think-tanks, global investors and the country’s best editorial minds to decipher and analyse the union budget 2014. Through our shows, we aim to reach out to every Indian from industrialists to the common man by providing a detailed coverage on the run up to the budget and the budget day.”

     

    ET Now managing editor R Sridharan said, “We have the most powerful line up of seasoned experts in the business. ET Now will also have the most viewer-friendly screen and the fastest flashes. Our programming line-up caters every key stakeholder in the economy ranging from the CEO to the retail investor.  The viewers’ overwhelming response to our budget 2013 programming is a vindication of the tremendous value that our content delivers.”

     

    Times Now, ET Now and zoom CMO Jatin Bhatt said, “With all eyes on the much-anticipated budget from the Modi government, ET Now has put together an extensive programming line-up that will give audiences a holistic view on the Indian economy and the impact it will have after the union budget 2014 is announced.  For a channel like ours, union budget is an opportunity to present the most engaging and eclectic content that builds credibility among our existing viewers and helps generating new audiences.

     

    ET Now’s budget programming will be led by India’s most respected economist- Swaminathan Aiyar, who is also the channel’s consulting editor. Apart from Swaminathan Aiyar, other prominent economists like Bibek Debroy and Mythili Bhusnurmath will be commenting exclusively on ET NOW.

     

    The key shows are as follows:

    Budget 2014: The Politics of Budget

    Budget 2014 will be the budget presented by the new government in power. ET Now’s policy editor Supriya Shrinate to quiz the biggest political commentators on the politics that will be at play for budget 2014

    Date:  30 June, 7:30 pm

     

    Budget 2014: Cracking the Tax Code

    Panel discussion will focus on the key taxation issues in the run up to budget 2014. Some of the biggest tax experts and lawyers will be analysing the likely tax reforms and their impact on corporate India and the taxpayer.

    Date: 1 July, 7:30 pm

     

    Budget 2014: The Global View

    The show to decode the game changing reforms that could change market sentiment and attract foreign money, the expectations of the investors. Catch top global fund managers and market experts share their budget expectations exclusively on ET Now.

    Date: 2 July, 7:30 pm

     

    Budget 2014: The Market Makers Budget Special

    Stocks editor Nikunj Dalmia to interview big market voices on market expectations from budget and stocks and sectors to watch out for.

    Date: 3 July, 7:30 pm

     

    Budget 2014: Macroscope

    A discussion programme anchored by Mythili Bhusnurmath that gives a view of the macroeconomic imperatives faced by the government, and how the budget is likely to address them.

    Date: 4 July, 7:30 pm

     

    Budget 2014: What Markets Want

    Nikunj Dalmia to interview (three person panel) with three of the biggest market voices analysing the market expectations from budget 2014

    Date: 7 July, 7:30 pm

     

    Budget 2014: Rail Budget

    The Narendra Modi-led NDA government will announce its maiden railway budget in Parliament. Just as the general budget, the rail budget is also keenly watched by experts and the country as a whole. Watch the extensive coverage of the budget only on ET Now with eminent experts from various fields

    Date: 8 July, 11:00 am

     

    Budget 2014: Budget & India Inc

    A panel discussion anchored by ET Now’s national editor Sandeep Gurumurthi. It will bring together the top names from corporate India to talk about how the budget can spur growth, and give an impetus to the reform process. India Inc’s biggest CEOs will share their wish list.

    Time: 7:30 pm

     

    Budget 2014: Eco Survey 2014

    A detailed coverage of annual document of the ministry of finance. In the economic survey programming ET Now will speak to experts about the developments in the Indian economy over the previous 12 months and will also analyse the reforms roadmap of the govt.

    Date: 9 July; 11:00 am

     

    Budget 2014: An Agenda for the FM

    The biggest macro-minds and economists come together to present an agenda for the FM. Catch ET Now’s budget think tank:  Swaminathan Aiyar, Bibek Debroy and  Punita Kumar Sinha present an agenda for the FM. This show will be anchored by ET Now’s policy editor Supriya Shrinate.

    Time: 6:30 pm

     

    Budget Day programming

    The budget day will have budget special programming all through the day with ET Now’s best line of experts comprising CEO’s, economists, market experts and foreign investors.

    Stay tuned to ET Now all this budget season for the most credible and accurate analysis of budget 2014.