Date-wise News

Budget 2008-09: Despite positives in indirect taxes, mixed reactions from DTH industry

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The Union Budget 2008-09 has brought some positive news for the DTH industry. At present, there is zero duty on import of set-top boxes (STBs), and the Finance Minister has also removed duty on import of specified parts of STBs. Also, the broadcast and film industry has been finally given similar status as the IT sector, thus halving the duty on capital equipment to 5 per cent from 10 per cent.

Noor Fathima Warsia Mar 3, 2008 7:15 AM

Fedders Lloyd’s non-payment of dues may cause problems for JVC marketing in India

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The Fedders Lloyd Corporation is facing problems due to default of payment of dues of Rs 1.62 crore to its former advertising agency Dentsu, and also non-payment to other industry organisations. Consequently, it is sorting out issues at the Allahabad High Court and also with industry bodies such as the IBF, AAAI and the INS. Until now, Fedders has not cleared its dues to anyone, and it would appear that this could create problems for JVC’s marketing in India, given the Fedders-JVC partnership here.

Noor Fathima Warsia Mar 3, 2008 7:12 AM