ITV

Tag: Planning Commission

  • I&B Ministry invites ideas for National Centre of Excellence in Animation, Gaming and Visual Effects

    I&B Ministry invites ideas for National Centre of Excellence in Animation, Gaming and Visual Effects

    NEW DELHI: Stakeholders wanting to invest in the National Centre of Excellence in Animation, Gaming and Visual Effects have been requested to submit proposals based on which a detailed project report would be prepared for further action.

     

    Information and Broadcasting Ministry sources told indiantelevision.com that the Centre is to be set up under the 12th Plan scheme.

     

    The Planning Commission has given in-principle approval to the project. The objective of the scheme is to impart quality education and to ensure availability of skilled manpower.

     

    The scheme would also ensure increasing ownership of Intellectual Property by Indians in animation/gaming/visual effect sector leading to increased revenues, employment generation, cultural pay-off and a subtle leveraging of India’s soft power in the global arena.

     

    The size of animation, visual effects and post production industry in India, according to FICCI-KPMG Report 2014, is Rs 39.7 billion in 2013, with a growth of 12.4 per cent in the year 2014.

     

    Out of this, the share of animation services and animation production comes to Rs 12.7 billion in 2013. It is projected that the Cumulative Annual Growth Rate (CAGR) in animation services and animation production for the period 2013-2018 would be 7.1 per cent.

     

  • TRAI among other regulators to be answerable to Parliament

    TRAI among other regulators to be answerable to Parliament

    MUMBAI: The winter session of the Parliament seems to have seen the passage of one important bill. The Regulatory Reform Bill 2013 has been approved by the Prime Minister Manmohan Singh making all sector regulators (except finance) directly accountable to the Parliament. According to reports, the draft bill gives powers of licensing to regulators, which it is not currently with them.

     

    The cabinet note of the draft bill says that regulators will be legally accountable to the parliament and will have to present a report at the end of every fiscal year regarding work done in the previous year and agenda for the next year.

     

    The note was suggested by the Planning Commission. Two functions of regulators mentioned in the draft copy are “to protect the interests of all consumers, by ensuring quality of service and lowering of costs and to promote competition, efficiency and economy and prevent market domination, cartelisation and anti-competitive behavior and for orderly growth of the relevant public utility industry.

     

    On being passed, this bill will put the Telecom Regulatory Authority of India (TRAI) directly under purview of the parliament.