- India-focused OTT production entity Golden Karavan launched
- Woman alleges gang rape by two men in SUV
- Film producer Karim Morani surrenders in rape case
- Ryan school murder case: CBI team reaches school, starts probe
- Karti closed many foreign accounts, shifted money: CBI
- Pakistan shells border posts, hamlets in J&K; BSF jawans among 7 injured
- Sushma Swaraj raises issue of terrorism, H1-B with US Secretary of State
Some key features of Budget 2015
MUMBAI: The government will set up a Centre for Film Production, Animation and Gaming (CFPAG) in Arunachal Pradesh for the North-Eastern states, Finance Minister Arun Jaitley announced today in his budget speech.
On Digital India, Jaitley said that the ambitious project is making good progress. The 7.5 lakh km National Optical Fibre Network Programme (NOFNP) connecting 2.5 lakh villages is being further accelerated by allowing willing states to undertake its execution. This will be done upon reimbursement of cost as determined by the Department of Telecommunications.
Andhra Pradesh, he said, is the first state to have opted for this mode of implementation.
In the budget speech, Jaitley said that basic customs duty on the Black Light Unit Module for use in the manufacture of LCD/LED TV and organic LED (OLED) TV panels, which was at 10 per cent, has been abolished.
Duties are brought down on parts of imported tablet computers, setting a boost to the ‘Make in india’ initiative. Tablet manufacturing in India may be encouraged as there is the removal of customs duty on components and concessional structure of 2 per cent without CENVAT credit.
Jaitley also said that Digital India is making good progress and to accelerate it further, the National Optical Fibre Network project will be expedited across the country.