Month: March 2024

Newsprint price surge threatens Indian newspapers, industry seeks relief on import duty

According to INS many newsprint mills, across the world as well as in India, have either suspended their operations or ceased newsprint production entirely, causing concerns about the continuity of supply of newsprint across the country. (Representative image by Bank Phrom via Unsplash)

The Indian Newspaper Society is urging the government to reconsider the 5 percent customs duty on newsprint to ease the financial burden caused due to increase in newsprint price.

FICCI-EY Report: Digital revenues to surpass TV in 2024; India’s M&E sector to hit $38 billion by 2026

Expect the M&E sector to grow 10.2 percent to reach INR2.55 trillion by 2024, then grow at a CAGR of 10 percent to reach INR 3.08 trillion by 2026.

In 2024, digital media is poised for explosive growth, potentially overtaking television to become the leading segment of the M&E sector. This surge in digital media is forecasted to propel the M&E sector’s growth to a 10 percent annual rate, crossing Rs 3 trillion ($37.1 billion) by 2026.

MoS IT Rajeev Chandrasekhar addresses startups’ concerns over Google’s billing policy, assures long-term solution

In India, Google allows app developers to sell in-app content only on the pre-condition that its own payment system, GPBS, is integrated as a payment option within their apps.(Image source: News18)

On March 1, Google said it would start removing 10 Indian app developers from its Play Store in India if developers do not adhere to the platform’s billing policies.

EaseMyTrip’s Rikant Pittie elected as Confederation of Indian Industry’s vice chairman

Rikant Pittie, co-founder, EaseMyTrip, further added, "I would like to extend my heartfelt gratitude to Mr. Jaideep, Chairman, and Ms. Rachna Jindal, Director and State Head, along with the entire team at Confederation of Indian Industry Delhi State for their unwavering support. Additionally, I wish to express my appreciation to Mr. Deepak Jain, Chairman of CII Northern Region , and Mr. Puneet Kaura for their exceptional leadership, which has set a commendable standard for us to follow."

Rikant Pittie, co-founder, EaseMyTrip, said, “It is indeed a privilege to have the opportunity to collaborate with esteemed colleagues and industry leaders to drive impactful initiatives aligned with the objectives of the Delhi State Council.”