Stimulus packge for print media extended till Dec 31

August 24th, 2009 INDONESIA - Pressmart Media Ltd, (www.pressmart.com), a global leader in the digital publishing and delivery solutions, today announced the launch of "Pressmart-Indonesia Print Media Awards (IPMA)" in a bid to recognize the best publishing houses in Indonesia over the calendar year 2009, just after associating with the magazine publishers in Singapore, for its awards as the lead sponsor. IPMA will be conferred annually starting February, 2010, is the exciting new competition created to promote magazines, tabloids and newspapers - both in print and digital and also encourage the publishing industry in Indonesia.

July 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.

July 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee on Monday said that the stimulus package given to the print media in February 2009 has been further extended for another six months from June 30 to December 31. Presenting the Union Budget for the year 2009-10 in Lok Sabha on Monday, Mukherjee said: "In February 2009, the print media was given a stimulus package comprising waiver of 15 per cent agency commission on DAVP advertisements and a 10 per cent increase in the DAVP rates to be paid as a 'Special Relief' subject to documentary proof of loss of revenue in non-governmental advertisements." (ANI)

July 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.

July 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.

July 6th, 2009 NEW DELHI - Highlights of the union budget for the current fiscal presented by Finance Minister Pranab Mukherjee in the Lok Sabha Monday: - Agriculture debt waiver extended by six months - Outlay for national rural health mission increased by Rs.2,057 crore from the Rs.12,070 crore provided in the interim budget - Allocation towards National Rural Employment Guarantee Act increased by Rs.39,100 crore - Allocation for Bharat Nirman scheme increased by 45 percent - Rs.20 billion for rural housing - Rural electrification scheme to get Rs.7,000 crore more - Tax department to work on early introduction of Saral 2 forms - Stimulus for print media extended from June 13 to Dec 31 - Rs.1,000 crore to accelerate irrigation projects - Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore - Market development assistance scheme for exporters increased by 148 percent to Rs.124 crore - Pre-shipment interest subvention set at 2 percent for textile exporters - Will make sufficient funds for infrastructure development - Allocation for national highways development stepped up by 23 percent - Allocation for urban poor schemes to be raised to Rs.39,730 crore in 2009-10 - LNG infrastructure to be expanded - Allocation for Jawaharlal Nehru Urban Renewal Mission raised by 87 percent to Rs.12,887 crore

July 6th, 2009 NEW DELHI - Highlights of the union budget for the current fiscal presented by Finance Minister Pranab Mukherjee in the Lok Sabha Monday: - Plan expenditure up 34 percent to Rs.1,025,838 crore, non plan spend up 37 percent - Total spending increased to Rs.10.2 lakh crore - Rs.420 crore for new IITs and NITs - Commonwealth Games allocated Rs.3,472 crore - National unique identification numbers to start rolling out in 12-18 months - Paramilitary forces such as CRPF to get 100,000 homes - Banking services in under-banked areas to be increased, scheme allocated Rs.100 crore - Agriculture debt waiver extended by six months - Outlay for national rural health mission increased by Rs.2,057 crore from the Rs.12,070 crore provided in the interim budget - Allocation towards National Rural Employment Guarantee Act increased by Rs.39,100 crore - Allocation for Bharat Nirman scheme increased by 45 percent - Rs.20 billion for rural housing - Rural electrification scheme to get Rs.7,000 crore more - Tax department to work on early introduction of Saral 2 forms - Stimulus for print media extended from June 13 to Dec 31 - Rs.1,000 crore to accelerate irrigation projects - Agriculture development fund increased from Rs.2.87 lakh crore to Rs.3.25 lakh crore - Market development assistance scheme for exporters increased by 148 percent to Rs.124 crore - Pre-shipment interest subvention set at 2 percent for textile exporters - Sufficient funds for infrastructure development - Allocation for national highways development stepped up by 23 percent - Allocation for urban poor schemes to be raised to Rs.39,730 crore - LNG infrastructure to be expanded - Allocation for Jawaharlal Nehru Urban Renewal Mission raised by 87 percent to Rs.12,887 crore

June 19th, 2009 NEW DELHI - The government Friday extended the ban on stockpiling of sugar till Jan 8 next year to keep rising sugar prices in check and deter black marketing activities. The cabinet at a meeting here also decided to extend the decision to remove wheat from the list of commodities on which stock holding limits have been imposed.

June 11th, 2009 THIRUVANANTHAPURAM - Fish will become costlier in Kerala as the state enforces an annual trawling ban in the sea up to 12 nautical miles from the coast for 47 days starting June 16. Chief Minister V.S.

May 21st, 2009 NEW DELHI - The Defence Ministry has extended the package of special concessions and facilities to employees of the Central Government and its PSUs working in the Kashmir till the yearend. The Defence Ministry said the allowances admissible to civilian employees till June last year have been extended after a review by the Department of Jammu and Kashmir Affairs of the Ministry of Home Affairs in consultation with the Department of Personnel and Training and the Ministry of Finance.

May 1st, 2009 NEW DELHI - The Supreme Court Friday extended the parole of Bharatiya Janata Party's (BJP) Lok Sabha candidate Varun Gandhi till May 14, the day after balloting concludes in the five-phase general elections. A bench of Chief Justice K.G.

February 16th, 2009 MUMBAI - The Indian media and entertainment business that grew 15 percent annually since 2006 into a $11.68-billion (Rs.584 billion) industry in 2008 is seen to top $21 billion over the next five years, says a joint study by a leading chamber and a consultancy released Tuesday. But the growth projection for the industry for 2009-13 has been lowered to 12.5 percent per annum from 18 percent predicted earlier for 2008-12, due to current economic meltdown, adds the study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG.

February 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.

February 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.

February 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.