Monday, March 24, 2008

'The need for more incentives for encouraging the digital media cinema has not been addressed in the Budget 2008'

Entertainment & Media: Demands that await a break

A not-so-entertaining post-Budget hangover the E&M (entertainment and media) industry has to live with is that its demands have not been fully met by the Finance Minister.
“The industry, represented by the Indian Broadcasters Federation (IBF), had been appealing for a reduction in import duty on set-top boxes and modems, which are used for cable, direct-to-home (DTH) and IPTV (Internet protocol television) and oth er broadcast equipment, to be at par with Customs duties that IT (information technology) equipment enjoys,” says Mr Govardhan Purohit, Executive Director, PricewaterhouseCoopers.

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