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Tuesday, 24 March 2020 10:36

Corona Pandemic: News federation urges Centre to lend help to TV news business

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To save the TV news business from the effect of COVID-19, the News Broadcasters Federation (NBF), has requested the Centre to relax and offer tax concessions including lowering GST rates and filing dates, postponing the deadline for TDS payments, for at least a minimum period of three months, until 30th June.

NBF represents regional news broadcasters.  

NBF has also asked the government to waive off the fees for news channels on DD Freedish platform for the month of March and April 2020. The NBF has also sought extension in deadlines for compliance since employees handling regulatory issues are currently working from home.

The Federation presented the memorandum to the Prime Ministers’ Office, Cabinet Secretariat, Ministry of Finance, GST Council, Ministry of Information and Broadcasting, Telecom Regulatory Authority of India, and Department of Telecommunications, seeking government intervention to combat the financial and business impact of the coronavirus pandemic on the news broadcasting sector.

NBF has sought the immediate intervention of the Government of India, to overcome the larger economic, social, financial and business impact arising out of the combat measures and lockdown initiatives across the country that threatens the survival of the news television channels.

NBF president Arnab Goswami commented: “The News Broadcasters Federation strongly stands and supports the Government of India’s proactive measures to combat the spread of COVID-19 virus, which has posed a health and economic threat to the country. This extraordinary situation required the government to take extraordinary measures to save the news broadcasting sector that performs a public service for free. Else, we perish.”

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