Drastic decline in newsprint import in Print sector: Anurag Thakur
The Information & Broadcasting Minister recently informed the Lok Sabha that newsprint import has dropped to 597,766 kg in FY22 from 648,620 kg in FY21
The import of newsprint by the newspaper industry has dropped drastically, Information & Broadcasting (I&B) Minister Anurag Thakur recently informed the Lok Sabha.
As per data provided by the Department of Commerce, Thakur said the newsprint import has declined to 597,766 kg in FY22 from 648,620 kg in FY21. The import stood at a healthy 1,384,056 kg in FY18 followed by 1,296,300 kg in FY19 and 1,296,354 kg in FY20.
As is known, Thakur also stated that the Basic Customs Duty (BCD) rate of 10 per cent has been reduced to 5 per cent w.e.f 02.02.2020.
"Representations are received from the industry requesting for reduction/exemption from custom duties, which are examined by Ministry of Finance," he added.
In response to another question about the decline in the allocation of government ads to newspapers, Thakur said the Central Bureau of Communication (CBC) under MIB undertakes awareness campaigns through various media platforms, including the print media, on behalf of various Ministries/Department of Government of India to disseminate information about schemes/programmes to create awareness among the intended beneficiaries keeping in view the requirements, target audience and budget availability, as indicated by the concerned Ministries/Departments.
On the drop in revenue receipt in FY21, the minister added the revenue receipts of the ministry are by way of fees paid by Television Channels, DTH operators, Private FM Channels, which have witnessed a slowdown in the last two years due to Covid-19 and other factors.
Regarding details of domestic production, consumption, and demand of paper for the newspaper industry in the country during each of the last five years and the current year, Thakur said MIB does not maintain such data for the newspaper industry.
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