MAM
Temporary ads to mushroom with KMC waiving tax
KOLKATA: Kolkata Municipal Corporation’s (KMC) decision to waive advertisement tax on temporary banners, festoons and hoardings put up on the bamboo structures during the festive season, is likely to see the temporary ads mushrooming across the city during the Durga Puja.
“Though government’s decision to waive corporation tax on advertisements put up by Puja organisers during the festive season will cost the civic exchequer crores, it will benefit the Puja committee. Companies like Parle, Kurlon, Vodafone, Aircel, ITC have started their advertisement campaigns,” said West Bengal Outdoor Advertising Association treasurer and grievance committee convener Ashif Kumar Biswas.
Biswas recalls that last year, the KMC authorities had called for a tender and had mopped up over Rs 1 crore as price for collection of advertisement tax from temporary banners, festoons and hoardings. “However, at the last moment, the tender was cancelled after chief minister Mamata Banerjee suddenly announced the waiver,” he said.
“City based small and medium businesses will be encouraged to put up more outdoor advertising and promote their business further and reach out to a broader mass”, said Let’s Assist Digital Services director Prasit Bhattacharya.
“The advertising agencies should also offer some discounts which will encourage businesses to try out temporary advertising,” he feels.
While Fame Per Second chief dreamer Suman Sen opines: “This was the best opportunity for the state government to mop up funds and later use for some good cause.”
“So it is cheaper for advertisers now especially when the economy is not doing well and companies are not spending on advertisement. Puja Committees can hope for more advertisers backing them now,” said a city based media buying agency.
The city would be all cluttered with advertisements for next 10 days, states another planner, adding that many advertising companies are likely to make a lot of unaccounted money from such a tax-free venture.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
