Thirty-seven FDI proposals pertaining to the information and broadcasting sector were approved by the Foreign Investment Promotion Board during 2007, Mr P.R. Dasmunsi, Minister of Information and Broadcasting, told the Lok Sabha on Tuesday.
The Minister also informed the House that the tax review proposals received by the Ministry included the Multiplex Association of India’s demand to bring down customs duty on imported equipment such as xenon bulbs, cinema digital and analogue sound processors. It has also sought tax relief for small budget films. The Government has been urged to bring the rate of depreciation, currently at 15 per cent for plant machinery and furniture, and 10 per cent for building, at par with the 40 per cent applicable to public transport and tourist taxis.
The Government proposes to set up 93 All India Radio transmitters and 41 Doordarshan transmitters during 2007-2008 and 2008-2009. It has also planned 100 low power transmitters to be up in the North-Eastern States, the Minister informed the House. The estimated cost for the AIR is Rs 182 crore and for Doordarshan is Rs 198.37 crore.
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