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Sat projects tax holiday stays; duties down on OFCs

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MUMBAI: Tax holiday benefits for satellite and telecom projects will continue. Cable companies have also received reliefs in customs and import duties.

In a move that may benefit projects like Subhash Chandra’s Essel Group’s Agrani, which are currently in the pipeline, the finance minister has extended the benefit for one more year till 31 March 2004, saying that it is “well understood that such projects do take a considerable time to get completed.”

Customs duty on optical fibre cable has been brought down from 25 per cent to 20 per cent. Import duty on raw materials for the manufacture of optical fibre has been brought down from 30 per cent to 15 per cent.

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Capital equipment customs duty in Telecom and IT is down from 25 to 15 per cent. IT companies to continue enjoying Sec 10A and 10B tax sops under the Income Tax Act. The sops have been extended to include mergers and acquisitions which was not there earlier. This means providing incentives for M&As.

Domestic companies will now have to pay 12.5 per cent dividend tax, but the same has been abolished in the hands of the investors.

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Kamlesh Singh receives Haldi Ghati Award from MMCF

India Today Group editor honoured for three decades of journalism at Udaipur ceremony.

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MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.

The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”

Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.

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The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.

Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.

In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.

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