Saturday, October 24, 2020
Home India 'Government should cut down on entertainment tax'

‘Government should cut down on entertainment tax’

New Delhi: Amid the clamour around the hike in entertainment tax in the national capital, Sandeep Marwah, chairman for media and entertainment committee, Indo-American Chamber of Commerce (IACC) and member executive council, says the government should cut down on the rates so that media can flourish. “The major issue is that we want low and symmetrical rate of entertainment tax all over the country, although it is a state subject. We have been fighting it statewise. But isn’t it a big fight? Around 29 states are fighting for nothing,” Marwah told on the sidelines of IACC’s “The Soft Power Summit” here.

world-record
aisennewsagency.com

Earlier in June, the Delhi government hiked the entertainment tax in the capital from 20 percent to 40 percent. Marwah, who is also the owner of Marwah Studios, added that the government should be “reasonable” when it comes to the rates on entertainment tax. “Why can’t the government of India propose to all the states to please cut down on the rates on entertainment tax. Be reasonable, humble and polite to the industry so that it can grow,” he added.  About the theme of the summit, which focused on a variety of crucial topics covering the media and entertainment sectors in both India and the US, Marwah said: “When we talk about US, we are still looking at them as an idol, because their entertainment is still number one”.

Lalit Bhasin, president of IACC’s North India Council, also added that the entity’s strategy is to “foster bilateral ties” between India and US. Besides Marwah and Bhasin, actor-politician Shatrughan Sinha was expected to be a key speaker at the event. However, he could only make a brief appearance. Established in 1968, IACC is the apex bilateral chamber synergising India-US Economic Engagement. The “Soft Power Summit” is part of the IACC charter of enabling and facilitating the growth of the Indo-US strategic partnership articulated by US President Barack Obama and Indian Prime Minister Narendra Modi.

(IANS)

 

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,777FollowersFollow

Most Popular

Consumption of Dietary Soy Decreases Risk of Dementia

Researchers have found that metabolite produced following consumption of dietary soy may decrease a key risk factor for dementia--with the help of the right...

Maintaining Social Etiquettes During the Festive Season

The festive season brings together people from all walks of life, this 'coming together' is what imparts cultural and linguistic integration amongst all communities;...

Anxiety Due to COVID Causing Body Image Issues

Researchers, including one of Indian-origin, have found that anxiety and stress directly linked to COVID-19 could be causing a number of body image issues...

Ashtottaram 21: OṀ GOPŪJĀBHŨMYAI NAMAH

Ashtottaram 21 21) OṀ GOPŪJĀBHŨMYAI NAMAH:                      OṀ (AUM) -GO-POO-JAA-BHOO-MYAI— NA-MA-HA                      ॐ गोपूजाभूम्यै नमः                      (Gopūja: 'Cow worship') There is an Indian proverb that says that the joys of the world...

Antiviral Remdesivir Receives FDA Approval for COVID Treatment

The US Food and Drug Administration has approved the antiviral drug Veklury (remdesivir) for use in adult and pediatric patients 12 years of age...

Excess Meat and Dairy Diet Leads to Cancer Risk

An international team of researchers has identified a direct molecular link between meat and dairy diets and the development of antibodies in the blood...

Aspirin May Lower the Death Risk of Severe COVID Patients

Researchers have claimed that hospitalized COVID-19 patients who were taking a daily low-dose aspirin to protect against cardiovascular disease had a significantly lower risk...

Misuse of Underground Water to be Punishable Offense

Wastage and misuse of potable water and groundwater will, henceforth, be a punishable offense in India. In an important step in groundwater preservation in the...

Recent Comments