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Prasar Bharati plans to switch to commercial account norms

Prasar Bharati plans to switch to commercial account norms

Author | exchange4media News Service | Monday, Jan 01,1900 8:42 AM

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Prasar Bharati plans to switch to commercial account norms

As part of its efforts to become an independent entity, Prasar Bharati Corporation will switch to commercial accounting norms from the next financial year.

Prasar Bharati’s income from advertising revenues and services is expected to be at around Rs 700 crore in the current fiscal. On the other hand, its expenses will be over Rs 1,700 crore. The asset base of the corporation is around Rs 50,000 crore, and it will be able to take depreciation benefit on it.

The Plan outlay of Prasar Bharati has been pegged at Rs 463 crore for the next fiscal, Rs 41 crore higher than the revised estimate of Rs 422 crore in the current fiscal.

Grants-in-aid from the central government for the next fiscal are Rs 968 crore, marginally lower than the revised figure of Rs 1,008 crore for the current year. In addition, the government would give it a loan of Rs 229 crore in the next fiscal.

Source: Business Standard
Tags: e4m

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