At the beginning of last week, geo-political tensions were seen ruling the markets, but the markets hit fresh highs in the latter part due to sustained buying by FIIs. On a weekly basis, Nifty closed up around 1.4 per cent. In the short term Nifty has support at 7700 and 7662 and resistance is at 7885 and 8015.
Taxes
TRAI recommended a new licensing regime for DTH TV service providers under which the tenure of permits will be doubled to 20 years, renewable for 10 years at a time and the licence fee on adjusted gross revenue will be reduced to 8 per cent from 10 per cent.
The broadcasting and telecom regulator also suggested that the adjusted gross revenue should be calculated excluding service tax, entertainment tax and sales tax or value added tax paid to the government from the gross revenue. The regulator further specified that all the DTH providers should be allowed to migrate to the new licensing regime at any point of time during their current licence tenure.
TRAI made recommendations on cross holdings and control of the broadcasting and distribution sectors, which suggests that vertically integrated broadcasters must be subjected to a set of additional rules and they should be allowed to control only one of distribution platform operator including cable and DTH firms.
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Game changers - News
Taxes
TRAI recommended a new licensing regime for DTH TV service providers under which the tenure of permits will be doubled to 20 years, renewable for 10 years at a time and the licence fee on adjusted gross revenue will be reduced to 8 per cent from 10 per cent.
The broadcasting and telecom regulator also suggested that the adjusted gross revenue should be calculated excluding service tax, entertainment tax and sales tax or value added tax paid to the government from the gross revenue. The regulator further specified that all the DTH providers should be allowed to migrate to the new licensing regime at any point of time during their current licence tenure.
TRAI made recommendations on cross holdings and control of the broadcasting and distribution sectors, which suggests that vertically integrated broadcasters must be subjected to a set of additional rules and they should be allowed to control only one of distribution platform operator including cable and DTH firms.
-
Game changers - News
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