budget
While the move will help catalyze the growth of start-ups in the blockchain segment, the proposal for a 30% tax on digital assets seems too high, say experts
The Finance Minister’s announcement of RBI’s own digital currency using blockchain technology has energized the advertising and media sector
The industry believes that factors like encouraging rural broadband connectivity, setting up an AVGC promotion task force and 5G roll-out augur well for boosting growth in digital media
Experts say that there was no direct benefit for the broadcast, OOH & print industry but focus on infrastructure, digital ecosystem & AVGC Task Force is a positive sign
Business leaders laud efforts in the direction of digitisation, logistics & diamond industry but miss important initiatives like tax cuts & GST relaxations
Industry leaders say the digital push and marquee initiatives like 5G rollout support & task force for the AVGC industry will be beneficial to the sectors in the long run
The Union Government has budgeted revenue of Rs 1,035 crore from the broadcasting sector in FY 2022-23
The programme aims to impart supplementary teaching and to build a resilient mechanism for education delivery
Experts say the rollout of 5G will bolster proliferation and penetration of broadband and telecom connectivity
Finance Minister Nirmala Sitharaman said during her Union Budget speech that the AVCG sector offers immense potential to employ youth
Print & OOH sectors expect tax reliefs, auto sector looks for a boost in the sale & GST relief, and A&M sector demands more power to digital & support for MSMEs from Budget
The auto sector is pinning hopes on Nirmala Sitharaman to announce sops for boosting the sale of EVs, developing infra and bringing an overall growth in the economy
Kanchan Srivastava Jan 31, 2022 9:00 AM
Crypto exchanges & investors are anxious over the fate of cryptocurrencies that hangs in balance as the Bill was not discussed during the Winter Session of the Parliament
Kanchan Srivastava Jan 31, 2022 8:48 AM
Shereen Bhan, Managing Editor, CNBC-TV18, highlighted that on Budget Day, the channel will be live from 7 am with eminent voices from different sectors analyzing the impact in real time
Sonam Saini Jan 28, 2022 8:41 AM
Promotion of DOOH and faster execution of revival measures also feature in the OOH wish list for this Union Budget
Sonam Saini Jan 28, 2022 8:24 AM
Reduction in tariff and separate allocation for startups are some of the other demands of the sector
Mansi Sharma Jan 27, 2022 8:47 AM
The gaming industry is also hoping for a progressive policy structure from the government along with 'fair' treatment from the GST council
Shantanu David Jan 27, 2022 8:38 AM
The sector also looks forward to measures for business recovery and support for MSMEs & startups
Mansi Sharma Jan 24, 2022 8:55 AM
The total cumulative advertising spends by these companies were down by 26.38% to Rs 3415 crore in FY21 from Rs 4639 crore in FY20
Javed Farooqui & Kanchan Srivastava Dec 24, 2021 8:52 AM
However, on an optimistic note, experts say that holistic economic development promised by the Union Budget may boost consumer sentiment and lead to better numbers for print
Tasmayee Laha Roy Feb 2, 2021 9:05 AM
