Newspaper industry in very real danger of turning “sick”: INS seeks two-year tax holiday after “triple whammy” of Coronavirus, falling ad revenues, and customs duty on newsprint

***

Forever wailing, the Indian Newspaper Society (INS) has sought a two-year tax holiday from the Union government following the “triple whammy” of #coronavirus, collapsing ad revenues, and customs duty on imported newsprint.

In a letter to Union finance minister Nirmala Sitharaman, INS president Shailesh Gupta of Dainik Jagran says the newspaper industry is at a “hitherto unimaginable sutuation”.

Long opposed to Foreign Direct Investment, INS has opened a new flank on behalf of its members:

“Just one and significantly Chinese-owned digital news aggregator operating in India without any controls whatsoever has nearly 10 times the number of Indian susbscribers as compared to the combined readership of English newspapers combined.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.