Reduce VAT on Bollywood
- From: Htnakirs <htnakirs@xxxxxxxxx>
- Date: Wed, 28 May 2008 00:35:02 -0700 (PDT)
http://www.newindpress.com/NewsItems.asp?ID=IE420080527085228&Page=4&Title=Features+-+People+&+Lifestyle&Topic=0&
"According to the Assocham study, the media and entertainment sector
would cross a turnover of Rs 1 lakh crore by 2011-12 from Rs 44,000
crore now.
The turnover of the television industry would grow by 22 per cent to
Rs 51,900 crore by 2011-12 from Rs 19,100 crore, it said. "
Considering that Indians are radily spending that much just to kill
time, taxes need to be doubled to subsidise something more important,
like Petrol.
.
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