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 Up loaded on Thursday July 31, 2014


 Prasar Bharati’s share lifts to Rs 24.2 bn as Budget allots 33.2 bn to MIB

source:http://www.televisionpost.com/

    MUMBAI: India’s pubcaster Prasar Bharati will have more to spend in 2014-15 under the Narendra Modi-led BJP government. This is more due to the launch of a channel for farmers, the date of which is yet to be firmed up. The Ministry of Information & Broadcasting (MIB) has been allocated Rs 3,316 crore (Rs 33.16 billion) for 2014–15 in the Union Budget, tabled today in Parliament by Finance Minister Arun Jaitley.

This allocation stood at Rs 3,216 crore (Rs 32.16 billion) in the interim budget announced in February this year. Again, for FY2013–14, the MIB could pocket Rs 2,855.03 crore (Rs 28.55 billion). Interestingly, in the interim budget, the total grants-in-aid to the public broadcaster Prasar Bharati was Rs 2,331 crore (Rs 23.31 billion). In the Union Budget, Jaitley has added Rs 90 crore (Rs 900 million) as grant-in-aid to Prasar Bharati for Kisan TV.

This takes the total grants-in-aid to Prasar Bharati to Rs 2,421.58 crore (Rs 24.22 billion). Planned outlay is Rs 531.58 crore (Rs 5.32 billion) while the remaining Rs 1,890 crore (Rs 18.90 billion) is non-plan allocation.In the previous fiscal, the pubcaster’s grants-in-aid totalled Rs 2,089.56 crore (Rs 20.9 billion).

The non-plan allocation (Rs 1,890 crore) is for meeting salary and salary-related expenditure and Rs 364.21 crore for various information and publicity agencies like Films Division, Directorate of Advertising & Visual Publicity, Press Information Service, Song and Drama Division, Publications Division, etc. The budget has also allocated Rs 100 crore (Rs 1 billion) as a lump sum provision for projects/scheme for development work in the North East and Sikkim.

As per details, the budgetary allocation for the MIB is Rs 1,205 crore (Rs 12.05 crore) including Rs 200 crore (Rs 2 billion) from Internal and Extra-budgetary Resources (IEBR). This includes Rs 247.82 crore (Rs 2.48 billion) for the information sector, Rs 111.15 crore (Rs 1.11 billion) for the film sector and Rs 846.03 crore (Rs 8.46 billion) for broadcasting.

 

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