Lok Sabha secretary general gets year's extensionSeptember 4th, 2009 NEW DELHI - Lok Sabha Secretary General P.D.T. Acharya was Friday given a year's extension, the Lok Sabha Secretariat said.
Taslima Nasreen to return to India in January 2010August 14th, 2009 NEW DELHI - Controversial Bangladeshi writer Taslima Nasreen announced on Friday that she would return to India in January next year. Nasreen also informed that she is travelling to the United States this month to work as a research scholar at the New York University.
49 per cent FDI in print media safe: Ambika SoniJuly 19th, 2009 NEW DELHI - With the media reeling under the financial crunch, Information and Broadcasting Minister Ambika Soni has backed increasing FDI (foreign direct investment) in print media to 49 per cent, saying "it is safe". "I think it is a good suggestion," Soni said in an interview when asked about her views on increasing FDI in print media from 26 per cent to 49 per cent.
Highlights of General Budget 2009-10July 6th, 2009 NEW DELHI - Union Finance Minister Pranab Minister on Monday presented the General Budget 2009-10 in the Parliament. The highlights of the General Budget 2009-10 are as follows:
1.
Stimulus packge for print media extended till Dec 31July 6th, 2009 NEW DELHI - The government Monday extended the economic stimulus package for the print media by six months till Dec 31.
"Since the print media is still passing through difficult times, the stimulus package for the print media is being extended till December 31, 2009," Finance Minister Pranab Mukherjee said while presenting the budget for fiscal 2009-10 in the Lok Sabha.
Relief for media: Hike in ad rates to continueJuly 6th, 2009 NEW DELHI - The government Monday came to the rescue of a recession-hit media by extending the hike in government advertisement rates for print media by another six months. Since the print media is still reeling under recession, the government has decided to extend the hike in advertisement rates by another six months, Finance Minister Pranab Mukherjee said Monday while presenting the budget for fiscal 2009-10.
Government mulling stimulus for entertainment industryFebruary 16th, 2009 MUMBAI - The government will consider a stimulus package for the Indian media and entertainment industry as it, too, requires attention like any other sector in these difficult times, Minister of State for External Affairs Anand Sharma said Tuesday. 'There is a need for the government and the industry to work together,' Sharma, who also holds additional charge of information and broadcasting ministry as a minister of state, told an entertainment and media exposition here.
Indian media, entertainment business valued at $11.68 bnFebruary 16th, 2009 MUMBAI - The Indian media and entertainment industry was a $11.68 billion (Rs.584 billion) business in 2008, growing at 15 percent annually since 2006, says the annual joint study of a leading chamber and a consultancy released here Tuesday. But the growth projection for the industry for 2009-13 has been lowered to 12.5 percent per annum from 18 percent for 2008-12, says the joint study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG.
Interest rate subsidy for export sector extendedFebruary 15th, 2009 NEW DELHI - With export growth falling on account of the global economic slowdown, the government Monday announced the extension of subsidy on interest of credit for labour-intensive export units till September-end. The interest subvention of 2 percent will be extended beyond March 31 till Sep 30, Minister for External Affairs Pranab Mukherjee said while presenting the interim budget in parliament.
Government to announce stimulus package for mediaFebruary 6th, 2009 NEW DELHI - A stimulus package for the Indian media will be announced soon, the government said here Saturday. Media houses have been hit hard by the global financial meltdown.
Third 'stimulus like' package by month-end: Commerce SecretaryFebruary 4th, 2009 NEW DELHI - The government will come out with a 'stimulus like package' by the end of this month to help the country's corporate sector tide over the impact of the current global financial crisis, Commerce Secretary G.K. Pillai said Thursday.
Another stimulus package after Jan 31: Kamal NathJanuary 18th, 2009 NEW DELHI - Maintaining that India will grow by at least 7 percent this fiscal, Commerce Minister Kamal Nath Monday said the government was considering another stimulus package to pump prime the economy. Addressing the 'Partnership Summit 2009' of the Confederation of Indian Industry (CII) here, the minister said the falling inflation rate, now at a little over 5 percent, would help unveil another package.
Mixed reaction from industry to stimulus packageJanuary 1st, 2009 NEW DELHI - The second stimulus package unveiled Friday is in the right direction but falls short of expectations that it would be around Rs.1 trillion, as against the Rs.200 billion (Rs.20,000 crore) announced, a leading industry lobby said. According to D.S.
Hero Honda December sales dipDecember 31st, 2008 NEW DELHI - The country's largest two-wheeler maker Hero Honda Motors (HHML) reported a 10.2 percent dip in its sales for December, selling 215,931 units. The company had sold 240,532 two-wheelers in December 2007.
Second stimulus package this week, says Kamal NathDecember 23rd, 2008 NEW DELHI - In a bid to help the economy tackle the global financial meltdown, the government is expected to come out with its second stimulus package within the next three days, commerce Minister Kamal Nath said here Wednesday. 'We are looking at financial, some liquidity issues, export, and something to stimulate demand and realty also,' Kamal Nath told reporters.