The government is planning to set up a facility that will monitor the programme content that is broadcast on FM Radio stations during the 12th five year plan.
Russian foreign ministry spokeswoman Maria Zakharova on Monday denied the media reports of taking Foreign Minister Sergei Lavrov to hospital with a heart condition and called it the 'height of fakery', several media reported.
Radio Mid-Day West India Pvt Ltd, a subsidiary of Mid-Day Multimedia Ltd, has sent a conditional notice to Information and Broadcasting Ministry to surrender its FM license in Mumbai, effective Sunday.
Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against the dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach. "We are relatively better placed. We are not a closed economy. We are part of the globalised world.
'How can we tolerate such high-handedness?'
Radio City 91 FM, an FM radio station jointly promoted by Music Broadcast Private Ltd and STAR TV, hopes to break even in next two years time, provided there is a slash in the FM radio broadcaster licensing fee.
It's been a hectic weekend for Bollywood. While some stars attend award shows, many others go about their daily lives, like visiting the salon or going shopping.
Slamming the Budget, senior Congress leader P Chidambaram on Saturday said the Modi government was in complete denial that the economy faces a "grave macro economic challenge" and it has given up on reviving the economy, accelerating growth or creating jobs. There is nothing in the Budget that leads one to believe that growth will revive in 2020-21 and the claim of 6 to 6.5 per cent growth next year is "astonishing and even irresponsible", the former finance minister said at a press conference.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
The I&B ministry has intimated January 14 and 24 as the new dates for the auction instead of December 29 and January 10.
Finance Minister Nirmala Sitharaman on Saturday said the new tax regime will benefit the middle class as it will leave more money in their hands. Talking to reporters after the customary post-Budget address to the central board of the RBI, she said it is not necessary to induce individuals to invest through government schemes but give them an opportunity to make a personal decision regarding investments. "...the way we allowed for standard deduction and also the rates which have been fixed, tax rates which have been fixed for different slabs, it has actually left more money in the hands of the people, the taxpayer, the household," she said.
Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, also said all his companies have effectively ceased operations and manufacturing following the lockdown in India.
The FM flew to Chennai on Sunday to inaugurate Nandavanam, the central revenue quarters of the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs at Anna Nagar in Chennai.
I&B ministry to lease out AIR towers to private FM operators in the sensitive north-east region.
Anil Ambani-controlled Adlabs and Hindustan Times' HT Music & Entertainment have bagged licences in the second phase of FM radio expansion, including Delhi and Mumbai.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Stalin, in an interview to a daily, has refuted the FM's allegations, saying "everyone present in the Assembly knew it was a drama enacted by herself," referring to the late Jayalalithaa.
The government on Thrusday allowed 20 per cent foreign direct investment in FM radio and recommended shifting to revenue sharing regime from the current licence fee structure.
The focus of the meeting will be on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation.
Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.
An indication in this regard was given by Minister of Information and Broadcasting P R Dasmunsi, who acknowledged that there has been pressing demand from the radio broadcasters to let them air news along with entertainment and gossip.
Lifting restrictions on airing news and current affairs and permitting licensees to own multiple licences are among a host of issues Trai has put up in its first consultation paper on FM radio privatisation on Wednesday.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
The finance minister (FM) in his speech confirmed growth forecasts in the Economic Survey that the economy is likely to grow at 8.6 per cent during the current fiscal.
And it's a wrap for Vicky Kaushal's next film, Sam Bahadur!
The finance minister chaired a meeting through video conference with major private banks and NBFCs to ensure effective rollout of ECLGS and uninterrupted liquidity to Indian MSMEs in this difficult time.
Telecom service provider Reliance Communications on Monday introduced two new Classic colour phones with FM radio, aiming to tap a higher market share in this segment.
This is significant because the ministry of information and broadcasting is actively looking at making a policy announcement for the third-phase roll out of FM radio as part of its action plan for the first 100-days of the United Progressive Alliance government. A final recommendation to this effect has already been made by the sector regulator Telecom Regulatory Authority of India.
For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.
It is likely to generate advertising revenue of Rs 55 crore.
He may have spent his entire adult life in diplomacy, but doctorate in nuclear physics Subrahmanyam Jaishankar's face betrays both fusion and fission of his moods.
This will be the first time that an FM radio station would be opened in any of the IITs in the country. The information and broadcasting ministry has already given a green signal to the project.
Matter to come before copyright board on January 28.
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