Wednesday, May 9, 2012

CRISIS ON FUNDING TO PRASAR BHARATI

The Information and Broadcasting Ministry has refused to release grants for the fiscal year 2012-2013 as audited accounts have not emerged from Prasar Bharati for the past two years, according to The Economic Times. India's public broadcaster Prasar Bharati may run out of money for operational costs and salaries in two months time, after a long running accounting spat has led the government to hold back funding. The disagreement between two senior executives over the accounts for fiscal 2009-2010 raged for over a year before the appointment of Shri Sircar in February 2012. The battle has involved court proceedings and allegations of corruption.   

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