The Swadeshi Jagran Manch (SJM) is advocating for the termination of the moratorium on customs duties for electronically transmitted digital products, arguing that it hinders self-reliance, causes revenue losses, and restricts India's ability to tax emerging technologies like AI.
In a significant order that could affect the cable TV industry, the Supreme Court on Wednesday ruled that states were legally competent to levy entertainment tax on Multi System Operators distributing TV signals leaving out from the tax net those pro
The reason is because there aren't any screens for a large mass of Indians.
Dhurandhar does not ask audiences to cheer blindly, notes Kumar Abhishek. It asks them to see how power operates in grey zones, and at moral cost.
Only firms that have scale in content and a technology engine that drives its discovery and monetisation can compete,' explains Vanita Kohli Khandekar.
India has nearly 490 million online gamers, and an estimated Rs 10,000 crore is spent every month on online gaming transactions.
What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'
'Geopolitically and diplomatically it's a very difficult situation for India.'
At 8,700 screens, India, the world's largest film producing country, has just six screens for every million of its people, compared to 125 in the US and 30 in China. With Sitaare Zameen Par, Aamir Khan hopes to expand the market for Indian cinema.
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
'Those who are starving need not go to watch the match'
Prime Minister Narendra Modi launched a scathing attack on Leader of Opposition Rahul Gandhi and the Aam Aadmi Party (AAP) in the Lok Sabha on Tuesday, accusing them of "speaking the language of urban naxals" and being "AAP-da" for the youth. He also took a swipe at former Congress chief Rahul Gandhi, saying those who entertain themselves by getting photo sessions done in huts of the poor will find the talk about the poor in Parliament boring. Modi also hailed his government's decisions in the Budget and said that the Ayushman Bharat scheme, which his government started for the poor, has been stalled by some states, leaving poor people in hardship.
As auto major Mahindra & Mahindra (M&M) became the number two player in the retail passenger vehicle segment for the first time in February, powered by its new launches, the company is setting its sights on technology upgrades.
Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
The Centre on Monday made a strong plea to states for reduction in entertainment tax rates and collective fight against the piracy menace.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Giving a clean chit to Sharad Pawar, the Bombay high court on Tuesday said there is "nothing on record" to show that the Union Minister influenced the Maharashtra government's decision to exempt Indian Premier League matches from entertainment tax.
The Central Board of Excise and Customs (CBEC) has recommended amending the rules to widen the scope of levying service tax on the entertainment business.
To rationalise the entertainment tax levied on the direct-to-home (DTH) companies and the cable operators by the state governments and also to encourage the cable industry to switch to the use of advanced optical fibre cable instead of the copper wire cables, the Ministry of Information and Broadcasting has set up two sub-committees.
Samajwadi Party government exempts Dedh Ishqiya from tax ; Mulayam and Akhilesh camp in Saifai to welcome Madhuri-Salman
The Gujarat high court on Monday said it does not have faith in the state machinery which gets into action only after innocent lives are lost, as it pulled up the Rajkot civic body over the purported lapses in functioning of the game zone facility where a massive fire killed 27 persons.
The World Bank has asked the government to cut a slew of duties, including entertainment tax on broadband Internet connections in some states, on telecom services.
The film, which was released on May 5, has kicked up a political storm.
After the Bombay high court, it was the turn of the Comptroller and Auditor General to slam the Maharashtra government over non-levy of entertainment tax on Indian Premier League matches, saying the state lost nearly Rs 5 crore on this count in 2008.
After doling out a very special favour to actress Madhuri Dixit by exempting her latest film 'Dedh Iskiya' from entertainment tax in the state, Uttar Pradesh Chief Minister Akhilesh Yadav has now also announced a similar concession for Salman Khan's Jai Ho.
'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
The Supreme Court on Tuesday sought explanation from the Uttar Pradesh government for granting tax exemption to the company organising the India Formula 1 Grand Prix in Greater Noida.
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
They want the Maharashtra government to cut entertainment tax, at present 60 per cent, by half.
"The government would get Rs 15 crore (Rs 150 million) from the IPL and has got Rs 6.48 crore (Rs 64.8 million) from the World Cup matches as entertainment tax"
'We have filed a complaint with the police authorities.'
Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on November 25 between 11 am to 1 pm.
The Punjab Government will have a "re-look" at the free security and entertainment tax exemption granted to Punjab Cricket Association for hosting cricket matches at the Mohali stadium, including the Indian Premier League. The Mohali police slapped a huge bill of Rs 1.88 crore on the PCA for providing security for the IPL matches following the Ness Wadia-SSP RS Khatra spat.
Granting SCS to the state has been a long-pending demand of the JD-U supremo and Bihar chief minister Nitish Kumar, whose Bihar cabinet had even passed a resolution last year requesting the Centre to grant SCS to the state.
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