We're reporting the telecom and digital media components of India's 2010-2011 Budget announcement live. To watch a live stream try: Indian Goverment WebStream, CNBC-TV18, ET Now (requires Silverlight install), NDTV Profit. Budget Announcements (In reverse chronological order. We will clarify all of these announcements and update within 3 hours. Please check back for confirmed/revised updates. Also, please feel free to share your comments on the announcements below) -- 3G Auctions: Rs. 36,000 crores expected from 3G auctions in the 2010-11 fiscal -- Accredited News Agencies Online exempted from service tax: "Accredited news agencies which provide news feed online attract service tax. Acknowledging the yeoman services of such news agencies in disseminating news, I propose to exempt such news agencies that meet certain criteria, from service tax." Update: this therefore applies to those news agencies that have been accredited, probably by the RNI. We'll update this with details of the criteria. Thanks for the tip @madversity). I guess it's time MediaNama registered as an online news agency -- Film Industry & Gaming: The film industry has been experiencing difficulties in importing digital masters of films for duplication or distribution loaded on electronic medium vis-a-vis those imported on cinematographic film, owing to a differential customs duty structure. Now customs duty will be charged only on the value of the carrier medium (CDs, DVDs etc). This also applies to music and gaming software imported for duplication. In all such cases the value representing the transfer of intellectual rights would be subjected to service tax. This…
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