THE CASE ON 4200 GP TO UDCs (NFG) AT HON'BLE PRINCIPL BENCH IS POSTED FOR 23RD NOVEMBER

Saturday, April 7, 2012

PARLIAMENT PANEL SOUNDS ALERT ON EXPENDITURE OF PRASAR BHARATI

 With expendi-ture consistently overshooting earnings by a wide margin, public broadcaster Prasar Bharati is in danger of a complete erosion of its reserves, making it a financial liability for the government. In the past four years, against average annual earnings of R1,100 crore, Prasar Bharati has posted an average deficit of R1,500 crore, prompting a parliamentary panel to demand steps to raise revenues to meet operational costs and set its house in order.

As a result, Prasar Bharati has initiated several steps under its new CEO Jawahar Sircar, sources said. These include hiving off the archives divisions of All India Radio (AIR) and Doordarshan (DD) into a special purpose vehicle (SPV), sharing infrastructure of AIR and DD including towers, land and buildings with private operators including telecom players on a licence basis and providing value-added services like IVRS and SMS to consumers, among others.


Source: Financial Express

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