Recap: The Week That Was
We bring you a roundup of the news that made headlines this past week
budget-2022
Crypto sector hails RBI's digital move, calls it legitimisation
While the move will help catalyze the growth of start-ups in the blockchain segment, the proposal for a 30% tax on digital assets seems too high, say experts
Budget boost to blockchain will push large-scale adoption of NFT by brands: Experts
The Finance Minister’s announcement of RBI’s own digital currency using blockchain technology has energized the advertising and media sector
Why digital media industry is all smiles after Budget 2022
The industry believes that factors like encouraging rural broadband connectivity, setting up an AVGC promotion task force and 5G roll-out augur well for boosting growth in digital media
What Budget 2022 has for traditional media
Experts say that there was no direct benefit for the broadcast, OOH & print industry but focus on infrastructure, digital ecosystem & AVGC Task Force is a positive sign
Budget 2022-23 progressive & sustainable but has no major tax cuts for consumers: Cos
Business leaders laud efforts in the direction of digitisation, logistics & diamond industry but miss important initiatives like tax cuts & GST relaxations
A&M industry welcomes Budget as balanced & growth-oriented
Industry leaders say the digital push and marquee initiatives like 5G rollout support & task force for the AVGC industry will be beneficial to the sectors in the long run
Union Budget: Govt allocates Rs 3,981 crore to MIB
The Union Government has budgeted revenue of Rs 1,035 crore from the broadcasting sector in FY 2022-23
One Class-One TV channel programme to be expanded from 12 to 200 channels: FM
The programme aims to impart supplementary teaching and to build a resilient mechanism for education delivery
Budget 2022: No respite for Print & OOH; push for digital advertising with 5G rollout
Experts say the rollout of 5G will bolster proliferation and penetration of broadband and telecom connectivity
Union Budget 2022 today: What M&E industry expects
Print & OOH sectors expect tax reliefs, auto sector looks for a boost in the sale & GST relief, and A&M sector demands more power to digital & support for MSMEs from Budget
Budget 2022: Auto industry seeks cut in vehicle acquisition cost & GST relief
The auto sector is pinning hopes on Nirmala Sitharaman to announce sops for boosting the sale of EVs, developing infra and bringing an overall growth in the economy
Clarity over proposed law & blockchain technology: What crypto sector wants from Budget
Crypto exchanges & investors are anxious over the fate of cryptocurrencies that hangs in balance as the Bill was not discussed during the Winter Session of the Parliament
Budget 2022: OOH leaders pin hopes on tax cuts, standardization of laws & relief packages
Promotion of DOOH and faster execution of revival measures also feature in the OOH wish list for this Union Budget
Union Budget: Tech industry expects stronger push for digital
Reduction in tariff and separate allocation for startups are some of the other demands of the sector
From lower tax slab to 5G accessibility: What gaming sector expects from Budget 2022
The gaming industry is also hoping for a progressive policy structure from the government along with 'fair' treatment from the GST council