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Wednesday, Mar 05, 2008
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Industry & Economy - Budget
An opportunity missed


From the entertainment industry perspective, an opportunity is missed just like in the last few years fiscal and tax incentive has fuelled sectors such as infrastructure, IT, and housing. There was an opportunity to catalyse the growth of the entertainment industry. There is a widespread recognition of its potential in spreading India and Indian culture internationally and domestically creating multiple forms of entertainment for the common man. The entertainment industry needs government support to achieve its potential. Common man’s Budget will lead to more money in consumers head. Thereby hoping to fuel investment and consumption.

Hiren Gada, Director,

Shemaroo Entertainment Pvt. Ltd.

More Stories on : Budget | Entertainment & Leisure

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Stories in this Section
No rollback of Budget proposals: Chidambaram


Postal saving schemes see dip in collection
Cut in Cenvat will reduce steel cost
Debt Relief and Waiver Scheme — Effective only if it is total
Issues ignored by waiver package
Irresponsible budget, says Yashwant Sinha
No relief for BPO industry
Hike in short-term capital gains tax to impact working class
No long-term goal for farm sector
An opportunity missed
Allot sufficient funds to rural infrastructure
Handsome packages to all sections
Increase in healthcare spending a good move
Good for salaried people
With bounty and bouncers
Will impact States’ budget directly
Rs 40,000 cr could have been used for rural development
Waiver of loans: Precisely wrong
Indirectly maintains vote bank
Will propel social, economic growth
Relief in income-tax may develop tax culture
More for education a welcome step
Consumption-driven growth Budget
In line with expectations
Social initiatives laudable
A mixed bag
Not much on healthcare
Wilful defaulters will benefit
Marginal growth in GSDP of Kerala
Credit spreads unmoved by easy money
Deora calls for more bilateral ties with Romania
Call to boost ties with Romania
Paswan to take up naphtha import duty issue with PM
Reliance, ONGC may get ‘rig holiday’
IGL cuts CNG price by 30 paise
Scheduled drugs MRP cut by 4.58%
‘Power projects should be exempted from service tax’
Steel Ministry not to intervene on pricing issue, says Paswan
There was no consensus on iron ore export duty proposal
Powerloom development council welcomes cluster projects
Textile industry pans Union Budget
TRAI for orderly growth of cable TV sector
Star opens lines for new quiz show
ICFAI unveils new courses
CII initiative with Delhi University
GM open to sub-1 litre engine for India
Hyundai offers free car check-ups
Electronic warfare system for Army nearing completion
‘Career transition services yet to take off in India’
‘Industry leader to run skill development mission’
Fewer mandays lost in 2007
Rs 1-cr loss in engg exports costs 44 jobs: EEPC survey
Deadly blow, say 100% export-oriented units

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