[HCDX] Prasar Bharati claims having earned more than it spent in 2004

[Mukesh Kumar <thecosmosclub@xxxxxxxxxxx>]

NEW DELHI: Prasar Bharati, managing Doordarshan and
All India Radio, may be making a hue and cry about the
high cost of acquiring sporting events for telecast,
but has said that during 2002 and 2004 it has earned
more that it had spent on acquisition of rights.
Quoting figures provided by Prasar Bharati,
information and broadcasting minister Jaipal Reddy
today informed the Lok Sabha (Lower House of
Parliament) that in 2002-03 Prasar Bharati's
expenditure on sporting events was approximately Rs
630 million, while the revenue generated was over Rs
1.5 billion. During 2003-04 while Rs 670 million was
spent on telecast rights, etc, revenue earned amounted
to over Rs 1,300 million. 
Reddy did not clarify whether the amount mentioned for
2004 also included the Rs 500 million deposited with
Supreme Court in the wake of a legal controversy
involving Doordarshan and Ten Sports over the telecast
of cricket matches during the Indo-Pakistan series
played in Pakistan.
Reddy also informed fellow parliamentarians that DD,
being a public service broadcaster, did not operate a
profit and loss account.
In reply to another question relating to Prasar
Bharati, Reddy has clarified that the organisation was
"not facing shortage of funds due to its expansion"
activities, but was under a financial burden due to
"additional liabilities on account of payment of
various taxes and levies imposed on it."
(Reddy is lobbying with the finance ministry for
exempting Prasar Bharati from paying various taxes as
it has been registered as a trust doing work for the
benefit of public at large. The tax sops, if they come
through, would include largely income tax.)
While denying that DD's revenue model has been badly
hit, the I&B minister also said that the pubcaster has
earned Rs. 930 million in the first quarter of this
financial year (April - June), compared to Rs 480
million clocked for the corresponding period previous
year.
 
Regds.

Mukesh Kumar 
Muzaffarpur
INDIA.


________________________________________________________________________
Yahoo! India Careers: Over 65,000 jobs online
Go to: http://yahoo.naukri.com/
---[Start Commercial]---------------------

World Radio TV Handbook 2004 is out! Only $20.97 through us.

http://www.amazon.com/exec/obidos/ASIN/0823059685/hardcoredxcom

---[End Commercial]-----------------------
________________________________________
Hard-Core-DX mailing list
Hard-Core-DX@xxxxxxxxxxxxxxxx
http://dallas.hard-core-dx.com/mailman/listinfo/hard-core-dx
http://www.hard-core-dx.com/
_______________________________________________

THE INFORMATION IN THIS ARTICLE IS FREE. It may be copied, distributed
and/or modified under the conditions set down in the Design Science License
published by Michael Stutz at http://dsl.org/copyleft/dsl.txt