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Newsprint cost up 20 pc in 3 months; publishers seek waiver in customs duty

Newsprint cost up 20 pc in 3 months; publishers seek waiver in customs duty
NEW DELHI, Jan 17: Cost of paper used to publish newspapers and magazines has jumped 20 per cent in the past three months due to demand-supply imbalance following the pandemic, prompting news publishers to rush to the government seeking waiver of 5 per cent import duty to help cut cost.
An industry that was facing headwinds from a slowing economy even before the pandemic, was hit hard when most readers stopped buying newspapers and magazines on fears of them being carriers of viruses.
While there are no medical studies that have established the virus transmission theories, sales did not pick up even after lockdown restrictions were relaxed, industry leaders said. ....

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As newsprint prices go up, industry seeks help from government

As newsprint prices go up, industry seeks help from government
Ahead of the 2021 Union Budget, the Indian Newspaper Society (INS), the Indian Newspaper Society (INS) has asked Union finance minister Nirmala Sitharaman to help print media tide over the crisis that the pandemic caused, by removing customs duty on newsprint imports and a stimulus package for the industry, including releasing government advertisements to publications at rates that are 50% higher.
With the pandemic affecting circulation and ad revenue many newspapers have already shut shop and those still in business are now looking to the government to bail them out. The print industry feels it is time the government to extend a helping hand for them to stay afloat. ....

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As newsprint prices go up, industry seeks help from government | Media

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With the pandemic affecting circulation and ad revenue, many newspapers have already shut shop and those still in business are now looking to the government to bail them out. The print industry feels it is time the government to extend a helping hand for them to stay afloat.

To add to the worry, in the last three months, newspaper cost has jumped 20% resulting from the post-pandemic demand-supply imbalance, prompting news publishers to petition the government for waiver of 5% import duty to help cut cost.

Meanwhile, the Directorate of Advertising & Visual Publicity’s (DAVP) rates for advertising in newspapers are much lower than the commercial rates and this brings down their margins. For many years, INS has been asking the government to increase the prices. ....

Nirmala Sitharaman , Shreyams Kumar , Shital Vij , Malayala Manorama , Suresh Balakrishna , Varghese Chandy , Mohit Jain , Coleman Co , Indian Newsprint Manufacturers Association , Visual Publicity , Union Finance Minister Nirmala Sitharaman , Directorate General , Trade Remedies , Verification Certificate , Emami Paper Mill , Khanna Paper , Shree Rama Newsprint , Punjab Based Hindi , Dainik Savera Times , Print Industry , News Industry , ஷித்தல் விஜ் , மலையாள மனோரமா , சுரேஷ் பாலகிருஷ்ணா , வர்கீஸ் சாண்டி , மோஹித் ஜெயின் ,

Newsprint Cost Up 20 Percent in 3 Months; Publishers Seek Waiver in Customs Duty

Cost of paper used to publish newspapers and magazines has jumped 20 per cent in the past three months due to demand-supply imbalance following the pandemic, prompting news publishers to rush to the government seeking waiver of 5 per cent import duty to help cut cost. ....

Nirmala Sitharaman , Vijay Kumar , Indian Newspaper Society , Indian Newsprint Manufacturers Association , Newspaper Society , Presidentl Adimoolam , Finance Minister Nirmala Sitharaman , Visual Publicity , Circulation Certificates , Emami Paper Mill , Khanna Paper , Shree Rama Newsprint , General Vijay , Directorate General , Trade Remedies , விஜய் குமார் , இந்தியன் செய்தித்தாள் சமூகம் , இந்தியன் செய்தித்தாள் உற்பத்தியாளர்கள் சங்கம் , செய்தித்தாள் சமூகம் , காட்சி விளம்பரம் , சுழற்சி சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , கண்ணா காகிதம் , ஸ்ரீ ராமா செய்தித்தாள் , ஜநரல் விஜய் , இயக்குநரகம் ஜநரல் , வர்த்தகம் வைத்தியம் ,

Newsprint cost up 20% in last 3 months, publishers seek customs duty waiver

Newsprint cost has jumped 20 per cent in the last three months due to demand-supply imbalance post pandemic, prompting news publishers to petition the government for waiver of 5 per cent 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 per cent ....

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