All Entries Tagged With: "Assocham"
Unveil III Phase Policy For FM To Deepen It’s Base : ASSOCHAM
New Delhi: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Ministry of Information & Broadcasting (I&B) to roll out FM Phase III Policy in a bid to add more than 780 radio channels in about another 275 cities and towns as also make recommendations to Foreign Investment Promotion Board to raise FDI’s limit in FM radio from existing 20% to 49%. In a representation addressed to Ministry of I&B by ASSOCHAM President, Dr. Swati Piramal, the Chamber has also suggested that foreign equity stake in Direct to Home Services (DTH) be raised from 49% to 74%. The »»»
Exempt set-top boxes from 5% customs duty: Assocham
NEW DELHI: Industry body Assocham has urged Finance Minister Pranab Mukherjee to withdraw the 5 per cent customs duty on set-top boxes (STBs) in the forthcoming Budget to encourage digitisation in the broadcasting sector. “This is aimed at providing support to the direct-to-home (DTH) industry and advance objectives of digitisation,” the chamber said in a pre-Budget memorandum. Assocham said customs duty on STBs was exempted in 2006 to provide impetus to industries involved in digitisation of TV services like DTH, IPTV and digital cable. But this was reimposed in the last Budget, it »»»
Hike FDI in FM radio, DTH: Assocham
NEW DELHI: Industry body Assocham on Sunday asked the government to increase foreign direct investment limit in FM radio to 49 per cent from the current 20 per cent and in Direct-to-Home services to 74 per cent from 49 per cent to make the sector globally competitive. “There is a need to urgently streamline FDI regime for the media and entertainment sector. The government should hike FDI ceiling in FM radio to 49 per cent and for Direct-to-Home (DTH) services to 74 per cent,” Assocham said. In its representation to the Ministry of Information and Broadcasting and the Ministry of Finance, »»»
