Newsprint Import Duty Gone, Higher Govt Ad Rates; Is This
In a late evening announcement yesterday, the finance ministry has exempted newsprint, glazed newsprint and light weight newsprint used for printing magazines from customs duty.
Business Standard reports that the government has also decided to increase the ad rates paid by various government agencies, through the department of advertising and visual publicity, by 15%. In addition to it, the report says, the discount of 15% will also be removed, effectively raising DAVP ad rates by 30%. The paper said an announcement to this effect will be made today.
Acting information and broadcasting minister Anand Sharma said last week that the government will soon announce a
This will have very adverse effect on Indian Newsprint industry which is facing the problem of heavy imports due to decreasing treand of imported newsprint prices in the international market. Regulating the imports for using in printing magazines, will have the scope of importing and using for regular newspaper, intoto the the Indian Newsprint Industry would think of closing their unit and make foreign newsprint industry to become strong to make money out of exports to india in the long run.Proper regulation with regard to imporing the newsprint and using the same for printing magazines, as both magazine and newspapers are managed by same group/unit.
Large consumers of foreign newsprint are users such as Times and HT. Their Imported machines can't use Indian newsprint, because of too many mechanical failures.
On Indian machines and non-metro markets even they use cheaper indian newsprint. So clearly there is non-price related input that keeps imports alive and kicking.
This is a good move by the Government. I say this because one of my friend works for a national daily and says that their ad revenues have dropped considerably. And they were forced to fire some of the marketing guys because of operating loss.
May this robotic government comes up with something likes this for other sectors too.
This a good move . They say then news papers are struggling with advertisers as most of the major companies have cut down on advertising budgets.
As above, the import duty is exempted, the major newspaper will get more
profit and at the same time, the small will loose. The indian newsprint industry will not survive if the newsprint dumping will continue.
Hi sir,
we are the dealer of news print in hyderbad we required min 50tones per month
imported news print of 45 to 52 gsm if you have any imported news print so kindly courier the sample to my adress.5-5-190/66 rainbow apt flat#205 patel nagar, gandhi
bhavan nampally hyderbad (a.p) pin 500001. mobile no:098480 76010
Need a detailed comparative chart of price of all kinds of newsprint which will enable the dailies to go in for imported paper