ITV

Tag: pre-Budget

  • CNBC-TV18 unveils pre-budget programming line-up

    CNBC-TV18 unveils pre-budget programming line-up

    MUMBAI: CNBC-TV18, India’s leading English business news channel, unveils a special programming line-up for the upcoming Union Budget 2020. Revolving around the theme of ‘Going for Growth’, the channel seeks to capture the financial and political fervor of the Union Budget 2020 through its incisive and accurate reportage. In a bid to stay relevant, and contemporary, the channel promises an extensive coverage of the Budget, through an exhaustive number of interactive shows with a fresh and new perspective.

    Aimed at presenting the audience with a complete overview of the predictions and expectations from the Budget, the channel seeks to bring together industry experts, policy-makers, economists and experienced editors across the Indian and the International market. Through their pre-budget shows like What Market Wants, What the World Wants, the channel presents their audience with expectations of experts from the Indian and the global market with a strong emphasis on the role of foreign investments. Shows such as Sectoral Budget Expectations will offer a detailed analysis of key sectors such as agriculture, services, and manufacturing amongst others.

    In a bid to unravel the initial expectations of India’s economic future, market implications and the nation’s demands shows such as Startup Street Wishlist will showcase eminent entrepreneurs and highlight their views on the Budget and reflect on its impact on the startup industry. In addition to this the lineup will present shows from the personal finance space like Money Money Money Special, and Budget Dictionary. Money Money Money Special will discuss various aspects of personal finance management that include Income Tax, Deductions, Mutual Funds, Stock market taxation, insurance, and impact of the Budget on ‘Aam Aadmi’. While Budget Dictionary will simplify the Budget and the terms associated with it for a better understanding to the common man.

    Considering the importance of the Union Budget 2020 and its strong relevance to the common man, the channel’s programming line-up will cover all the relevant areas, thereby laterally reflecting on the economic and financial status of our country.  The shows have been designed and curated in a manner that offers deep-insights and analysis aiding audiences from across age-groups and strata of the society to understand the implication of Union Budget on the lives of the people.

    Network18  English & Business News Cluster CEO Basant Dhawan said, “Since our inception, we have strived to present a comprehensive overview of the expectations and subsequent impact of the Budget 2020. Our specially curated shows will run through the day and provide opinions and analysis from eminent industry leaders, policy makers and experts. Our slew of pre and post-Budget programming will bring forth the best analysis from the finest editorial minds of our country.” 

    CNBC-TV18 will continue to be at the forefront of the pre-budget program line-ups of 2020 with its power packed shows anchored by experienced journalists ensuring that the viewers get a comprehensive insight on Budget 2020. 

  • IBF demands ‘infrastructure status’ for broadcast and content distribution sector

    IBF demands ‘infrastructure status’ for broadcast and content distribution sector

    MUMBAI: Finance Minister Arun Jaitley invited various stakeholders for pre-Budget consultations in New Delhi last Saturday (26 November). Speaking to the media Indian Broadcasting Foundation (IBF) president Punit Goenka said: “I am happy to learn that IBF had good discussions with the finance minister and other key officials on some of the key issues related to Broadcasting Sector – both from policy and tax perspective. Grant of Infrastructure Status for broadcasting and content distribution sector was one of our key demands during the discussions. Once infrastructure status is granted, broadcasters and distribution platforms will be aided with better and affordable financing options in the very capital intensive growth phase to realise the mission of complete digitisation in the country”.

    During the pre-Budget discussions, IBF secretary general Girish Srivastava said that, “The broadcasting and content distribution infrastructure like telecom, is important infrastructure for the country. Besides delivering digital television signals, it can be effectively used to deliver broadband services and thereby effectively contributing to the e-Governance initiative of the Government. Once the addressability is introduced by way of digitalisation, broadcast services are likely to contribute substantial revenue in the form of GST and other taxes to the State exchequer because of the transparency associated with the digital content distribution services.”

    On the tax front, key concerns raised were related to extending the benefit of the carry forward of losses in case of amalgamation or merger for Broadcasting sector under section 72A as is being extended to Telecom, Software and ISP services, taxability in the hands of shareholders in case of amalgamation of a foreign company holding shares in Indian company into another foreign company, provision of lowering the outer limit in processing of returns, reduction in MAT rate, resolving the long standing issue of tax withholding on transponder hire charges treating them as Royalty because of retrospective amendment in Income Tax vis-à-vis DTAA which is causing a huge unnecessary annual burden of US$ 20 – $ 22 million on Broadcasting, DTH & HITS services etc.

    “Once our key demands raised on tax and regulatory front such as grant of infrastructure status, 72 A benefit, MAT rationalization, Transponder Royalty, TDS rationalization etc pertaining to both policy and procedural aspects are addressed by the Government, it would be a good example in the direction of ease of doing business in country” said ZEE Network president A Mohan.

    Mohan added further: “Television has become an integral part of everyone’s life and has attained a status akin to “essential services” as it is an important tool for dissemination of information and entertainment to masses. Accordingly Broadcasting and Distribution services should be subjected to a lower rate under GST regime as is applicable to essential services, to make them affordable to masses.”

    On the issue of taxability in the hands of shareholders in case of amalgamation of a foreign company holding shares in Indian company into another foreign company, Star India CFO Sanjay Jain mentioned that, “The Government should issue an amendment to the provisions to the Act to specify that similar exemption is available to shareholders as well on a high priority. The purpose of allowing merger of foreign companies would be defeated without extending similar exemption in the hands of shareholders of amalgamating company.”

  • IBF demands ‘infrastructure status’ for broadcast and content distribution sector

    IBF demands ‘infrastructure status’ for broadcast and content distribution sector

    MUMBAI: Finance Minister Arun Jaitley invited various stakeholders for pre-Budget consultations in New Delhi last Saturday (26 November). Speaking to the media Indian Broadcasting Foundation (IBF) president Punit Goenka said: “I am happy to learn that IBF had good discussions with the finance minister and other key officials on some of the key issues related to Broadcasting Sector – both from policy and tax perspective. Grant of Infrastructure Status for broadcasting and content distribution sector was one of our key demands during the discussions. Once infrastructure status is granted, broadcasters and distribution platforms will be aided with better and affordable financing options in the very capital intensive growth phase to realise the mission of complete digitisation in the country”.

    During the pre-Budget discussions, IBF secretary general Girish Srivastava said that, “The broadcasting and content distribution infrastructure like telecom, is important infrastructure for the country. Besides delivering digital television signals, it can be effectively used to deliver broadband services and thereby effectively contributing to the e-Governance initiative of the Government. Once the addressability is introduced by way of digitalisation, broadcast services are likely to contribute substantial revenue in the form of GST and other taxes to the State exchequer because of the transparency associated with the digital content distribution services.”

    On the tax front, key concerns raised were related to extending the benefit of the carry forward of losses in case of amalgamation or merger for Broadcasting sector under section 72A as is being extended to Telecom, Software and ISP services, taxability in the hands of shareholders in case of amalgamation of a foreign company holding shares in Indian company into another foreign company, provision of lowering the outer limit in processing of returns, reduction in MAT rate, resolving the long standing issue of tax withholding on transponder hire charges treating them as Royalty because of retrospective amendment in Income Tax vis-à-vis DTAA which is causing a huge unnecessary annual burden of US$ 20 – $ 22 million on Broadcasting, DTH & HITS services etc.

    “Once our key demands raised on tax and regulatory front such as grant of infrastructure status, 72 A benefit, MAT rationalization, Transponder Royalty, TDS rationalization etc pertaining to both policy and procedural aspects are addressed by the Government, it would be a good example in the direction of ease of doing business in country” said ZEE Network president A Mohan.

    Mohan added further: “Television has become an integral part of everyone’s life and has attained a status akin to “essential services” as it is an important tool for dissemination of information and entertainment to masses. Accordingly Broadcasting and Distribution services should be subjected to a lower rate under GST regime as is applicable to essential services, to make them affordable to masses.”

    On the issue of taxability in the hands of shareholders in case of amalgamation of a foreign company holding shares in Indian company into another foreign company, Star India CFO Sanjay Jain mentioned that, “The Government should issue an amendment to the provisions to the Act to specify that similar exemption is available to shareholders as well on a high priority. The purpose of allowing merger of foreign companies would be defeated without extending similar exemption in the hands of shareholders of amalgamating company.”

  • IBN7 gears for budget with ‘BK’

    IBN7 gears for budget with ‘BK’

    MUMBAI: Amidst high expectations of investors in India and globally, key stakeholders are now hoping for the next leg of reforms to be revealed in the upcoming Union Budget. The economy is on the path of recovery – will Budget 2015 give it further impetus? Will the common man benefit? What will be the impact in areas that affect the common man such as housing, inflation, commodity prices etc.? As the euphoria continues around the ‘Modi wave’, and the new government gears up to present the first full budget on 28 February, IBN7 has lined up a series of special pre-budget programme that will analyse and identify the expectations of people from the budget.

     

    The pre-budget series will have a special character BK (Budget Kumar) who will draw attention to the issues and concerns of the people and bring it to the attention of the Finance Minister. BK will stamp his own unique style on the show – adding a different dimension to the channel’s budget programming. Owing to the common man’s perspective, Union Budget 2015 will be a test on the promise of good times by the Modi government. IBN7 will present a unique way of understanding the nation’s expectations by becoming one of them. BK will leave no stone unturned to bring forth the voice of the common man and his / her hopes from our elected government.