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Former SC judge Justice Vikramjit Sen appointed chairman of IBF's new self-regulatory body


The council has six eminent figures from the M&E industry as members
31 May, 2021 - 11:21 AM IST     |     By indiantelevision.com Team    
New Delhi: Former Supreme Court judge Justice Vikramjit Sen was on Monday appointed as the chairman of the newly formed self-regulatory body - Digital Media Content Regulatory Council (DMCRC) formed by the Indian Broadcasting Foundation (IBF), the apex body of broadcasters.
The industry-led self-regulatory body (SRB) for digital OTT platforms will work as a second-tier mechanism at the appellate level, quite similar to the Broadcast Content Complaint Council (BCCC), which IBF had implemented for the linear broadcasting sector in 2011. DMCRC was formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 that came into effect on 26 May, with active consultation amongst the creative industry fraternity. ....

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Silver lining of #Budget2021: M&E industry hopes for ad spend growth


However, no specific provisions have been announced for the industry.
02 Feb, 2021 - 08:43 AM IST     |     By indiantelevision.com Team    
KOLKATA: Tax reliefs, lower customs duty, input tax credits, better scope for foreign direct investment (FDI) were among the many hopes that the media and entertainment industry had pegged on a budget “like never before.” But the pandemic-hit industry has not received any specific supportive measure in this session. The only silver lining is the hope of a positive consumer sentiment, and higher ad spend thanks to big push in infrastructure, healthcare, financial sectors.
Finance minister Nirmala Sitharaman announced that Rs 20,000 crore has been provisioned in the budget to capitalise Development Financial Institution (DFI) for infrastructure financing. Insurance companies can now have FDI as high as 74 per cent, an increase from 49 per cent, which has led to market gains for domestic insurance companies. The minis ....

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