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| indiantelevision.com's Budget Breaking News |
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| Disappointing for broadcasters, cable
ops: Radhakrishnan |
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Indiantelevision.com
Team
(28 February 2003 7:00 pm) |
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MUMBAI: The main worrisome aspect of this
Budget is the service tax that has shot up, affecting both the broadcasters
and the cable operator community, says ETC Networks promoter and Zee
Cinema and Zee Music business head Yogesh Radhakrishnan.
Coming particularly at a time when the subscriber is not willing to
shell out the extra rupee, this move can only be a setback to the
entertainment industry, says Radhakrishnan. |
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Of course, aspects like the five per cent surcharge
on corporate tax are heartening, but then they have been announced
for industry in general and are not specific to the broadcast industry.
The set top box duty is another disappointment. After the former I&B
minister Sushma Swaraj had assured us that duties on STBs would be
reduced, we had hoped for great things, but the FM has disappointed
us in this regard, he says.
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