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Waive newsprint import duty, say Covid-hit news publishers | India News


NEW DELHI: Newsprint cost has jumped 20% in the last three months due to demandsupply imbalance post pandemic, prompting news publishers to petition the government for waiver of 5% import duty to help cut cost.
The industry has been hit hard due to Covid-19 led disruptions and the most newspapers have stopped sending newspapers to rural areas where there is less than 50 copies to reduce the distribution cost, said the Indian Newspaper Society (INS) president L Adimoolam.
In a representation to the finance minister Nirmala Sitharaman on Thursday ahead of the forthcoming union budget, INS has suggested to take steps as to reduce the customs duty on import of newsprints, a stimulus package for the industry or at least to help the publications by releasing advertisement with an increased tariff of 50%. It has also asked to extend the validity of Registrar ....

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