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Ahead of the Union   Budget 2017 , a top body of broadcasters has written to the government seeking "Infrastructure Status" for the broadcasting industry. According to sources, the Indian Broadcasting Foundation(IBF), a body which has leading broadcasters as its members, has in a representation to the Finance Ministry said the Indian broadcasting industry is a mass employment creator which as of date has employed nearly 10 million people across the value chain. Given its large size and revenue projections, the sector is expected to contribute Rs 30,000 crore to Rs 35,000 crore in the form of direct and indirect taxes by 2020. The broadcasters have argued that in the present era of convergence of telecommunication, information technology (IT) and broadcasting technology, the distinction between telecom services and broadcasting services has got blurred. They have also mentioned that by way of a notification January 9, 2004 issued by the Ministry of Communication an...

Budget 2016  - India will be the world’s fastest growing large economy at 7.3 per cent in 2016, improving further to 7.5 per cent in the following year, a United Nations world economy report said on Friday. “India’s economy, which accounts for over 70 per cent of South Asia’s GDP, is projected to grow by 7.3 per cent in 2016 and 7.5 per cent in 2017, slightly up from an estimated 7.2 per cent in 2015.” Union Budget 2016-17  - India will be the fastest-growing large economy in the world, said World Economic Situation and Prospects 2016, which was released by the UN here. The report said South Asia is expected to be the world’s fastest-growing region in 2016 and 2017.  Read Full Article Over Here :  Business Standard News