Taking lessons from that, I would think seamless digital payments is something you have to clearly have a roadmap for, the FM said.
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.
His trip to Moscow comes days after Defence Minister Rajnath Singh visited the Russian capital to attend a meeting of the defence ministers of the eight-nation SCO of which both India and China are members.
'Television actors are people who play with fire.'
The I&B ministry has intimated January 14 and 24 as the new dates for the auction instead of December 29 and January 10.
Kerala Finance Minister KN Balagopal on Friday urged the Centre to provide more fiscal powers to the states as well as increase the shareable proportion of the GST collections. Besides, he asked the central government to expedite approval for the semi-high-speed railway line or the Silverline project from Thiruvananthapuram to Kasargod. The project is mired in controversies.
World leaders condemned the ghastly attack on Israel by Hamas terrorists.
The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent, Sitharaman announced.
As many as 38,800 teachers will be hired for Ekalavya Model Residential Schools, Finance Minister Nirmala Sitharaman said on Wednesday. Presenting the last last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024, she said a national digital library for children and adolescents will be set up for facilitating quality books.
In times of global challenges, G-20 presidency gives an opportunity to strengthen India's role in the global order, she added. The government is implementing scheme to supply free foodgrains to poor under Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) with expenditure of Rs 2 lakh crore from January 1, the finance minister said.
Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
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.
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.
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 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.
'How can we tolerate such high-handedness?'
The government on Wednesday said there won't be any capital gain tax if physical gold is converted to an electronic gold receipt and vice versa.
Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal are budgeted at Rs 23.3 lakh crore and states would be allowed 3.5 per cent of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is estimated at Rs 11.8 lakh crore, Sitharaman said while presenting the Union Budget for 2023-24 in the Lok Sabha.
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.
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.
Addressing a symposium on the international situation and China's foreign relations in 2022, Wang said both countries have maintained communication through diplomatic and military-to-military channels.
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.
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.
Ask Tax Gurus Mihir Tanna, Mahesh Padmanabhan and Anil Rego.
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.
It is likely to generate advertising revenue of Rs 55 crore.
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.
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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