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Waive newsprint import duty, say Covid-hit news publishers_How to contribute online to make money

2021-01-23 05:48:20 来源:Mobile game software makes money作者:Digital currency 点击:425次
NEW DELHI: Newsprint cost has jumped 20% in the last three months due to demandsupply imbalance post pandemic, prompting news publishers to petition the government for waiver of 5% import duty to help cut cost. The industry has been hit hard due to Covid-19 led disruptions and the most newspapers have stopped sending newspapers to rural areas where there is less than 50 copies to reduce the distribution cost, said the Indian Newspaper Society (INS) president L Adimoolam. In a representation to the finance minister Nirmala Sitharaman on Thursday ahead of the forthcoming union budget, INS has suggested to take steps as to reduce the customs duty on import of newsprints, a stimulus package for the industry or at least to help the publications by releasing advertisement with an increased tariff of 50%. It has also asked to extend the validity of Registrar of Newspapers for India (RNI) Circulation Certificates up to March 31, 2022 which will enable DAVP rates to remain the same till next year. It is estimated that the print media would take two or three years to recover from the current situation, the INS added. When asked about the situation, Adimoolam said, “We have been asking for the stimulus package. The government is helping a few industries with stimulus packages. We are (also) expecting some stimulus.” After the pandemic, reportedly 3 million tonnes of newsprint capacities have been closed or converted to brown paper grades worldwide, resulting in a demandsupply imbalance. “Prices of newsprint have shot up by 20% in the last three months. Another increase of 10-15% is in the anvil next month which will severely impact the publishers,” said the INS in the memorandum.
作者:Investment News
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