Companies & Sectors
Newspapers, periodicals in India register 5.8 percent growth
The registered publications in India recorded growth of 5.8 percent over previous year with Hindi publications claiming a combined circulation of over 25 crore followed by English at over six crore, according to the latest annual report of RNI, released here on Tuesday.
 
Bengali newspaper Ananda Bazar Patrika is ranked the largest circulated daily in the country.
 
Releasing the Registrar of Newspapers for India (RNI) report, Information and Broadcasting Minister Arun Jaitley said that media has vastly expanded and there are different angles to the same news. 
 
"The dividing line between news and opinion is becoming very weak. It is time for the print media to strike back," Jaitley said.
 
The minister said that newspapers mainly accounted for overall growth of 5.80 percent recorded by registered publications and contribution by periodicals was less.
 
According to Press in India 2014-15, the 59th annual report of Registrar of Newspapers for India (RNI), there were 1,05,443 registered publications in total. The number of new publications registered in 2014-15 was 5,817.
 
It said three largest circulated dailies were Anand Bazar Patrika, Bengali, (Kolkata edition) 11,78,779 copies, Hindustan Times, English (Delhi edition) 10,18,367, and The Times of India (Delhi edition) 9,72,180.
 
The Times of India, English (33 editions) was the largest circulated multi-edition daily with 46,30,220 copies per publishing day followed by Dainik Bhaskar, Hindi (34 editions) at 36,94,385.
 
Press Registrar and head of RNI S.M. Khan said the annual report is based on the information furnished by the publishers in their online annual statements as required under the Press and Registration of Books Act, 1867.
 
For the annual report of 2014-15, 23,394 publications filled their annual statements online.
 
The top three states having the largest number of publications were Uttar Pradesh (16,130), Maharashtra (14,394) and Delhi (12,177).
 
In terms of language, Hindi had the largest number of publications at 42,493 followed by English at 13,661 and Marathi at 7,818. 
 
Total circulation of dailies, bi- and tri-weeklies and periodicals stood at 51,05,21,445 per publishing day.
 
While Hindi publications claimed a circulation of 25,77,61,985, English publications claimed a circulation of 6,26,62,670.
 
These were followed by Urdu (4,12,73,949), Telugu (2,72,01,064), Marathi (2,39,25,462) and Gujarati (2,37,42,849).
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article. 

User

COMMENTS

Lal Pandey

4 months ago

I am staying at worli i am now working at ABP news chanel as a briver since 1/ year

China makes rules to check online payment risks
China's central bank released detailed regulations for online payment services by non-bank institutions in the latest effort to contain possible risks in the booming internet finance industry.
 
The new rules issued on Monday require real-name registration for all non-bank payment accounts and classifies them into three categories depending on the security levels, the Global Times reported on Tuesday. 
 
The size of payments allowed through such accounts will then range from 1,000 yuan ($155) to 200,000 yuan per year. 
 
Transactions through banking payment platforms would not be restricted by the regulation, the central bank said. 
 
The aim of the policy is partly to avoid large sums of money being deposited in third-party payment accounts, which are beyond the protection of bank deposit insurance and will leave consumers vulnerable to possible risks. 
 
Since the creation of Alibaba's Alipay, China's third-party payment industry has expanded rapidly. In the first three quarters of 2015, payment institutions' online transaction volume totalled 32.97 trillion yuan, surging 98.8 percent year on year. 
 
In addition to limiting the size of transactions, the new regulation also bans payment institutions from opening accounts for firms engaged in financial businesses. 
 
The new policy will come into effect from July 1, 2016.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article. 

 

User

Turnaround belied for realty, recovery likely to be slow
The realty sector reeled under fund crunch that has proved to be its biggest bane over the last few years
 
The hopes of an early turnaround of the beleaguered real estate sector, kindled by the installation of a stable, reform-oriented government headed by Prime Minister Narendra Modi, were belied in 2015.
 
The fund-starved sector continued to be bogged down by weak demand and muted sales. As the year draws to a close, Despite some signs of revival, the delayed reforms continues to take a toll on the business sentiment, and it may take long before the sector gets stabilised with healthy long-term sustainable growth.
 
The realty sector reeled under fund crunch that has proved to be its biggest bane over the last few years.
 
According to Crisil, India's top 25 developers, making up for 95 percent of the sector's capitalisation, face the risk of refinancing Rs.3,000 crore ($452 million) of debt.
 
These fund woes, besides delayed regulatory permissions, were responsible for large scale project delays and resultant cost escalations, badly affecting the sentiment of property buyers and investors.
 
Similarly, Liases Foras said out of the total space of 3.2 billion square feet under construction across 25 cities, about 34 percent of the space valued at Rs.165,064 crore (1.32 percent of GDP) was delayed by over a year.
 
In this grim backdrop, the year saw the rise of a cautious and discerning buyer taking a backseat in the property market, largely concerned about the safety of his investment.
 
Even the investors -- disillusioned and dejected by the stuck investments and falling returns -- withdrew from the market. 
 
So much so that even the luring marketing schemes like subsidised home loans, EMI waiver till possession and other discounts on registration, car parking and club fee offered through the year, failed to entice buyers.
 
The demand-supply mismatch further gave upper hand to buyers and investors.
 
On the investment front, it was a year of record inflow of foreign direct and and private equity investments, with the investments by the latter touching a record high of $14 billion till October, 2015.
 
Funding to income yielding office segment also surpassed residential real estate. In 2016, too, commercial and residential in top seven cities, is expected to continue getting major private equity funding, while retail will gain traction.
 
Amid large-scale delivery defaults, slow sales and huge unsold inventory, residential real estate like last year, remained in the slow lane.
 
Luxury real estate was badly hit, though affordable housing segment gained some ground. 
 
There were however some green shoots especially in cities like Mumbai, Bengaluru, Hyderabad. The year 2016 may however see some revival, with greater impetus to low- cost housing. 
 
On the retail real estate front, it was a no-show with hardly any quality retail space added to the stock. Though no significant quality mall space is expected to be added next year, we may yet see the positive trend of emerging Tier II aNd Tier III markets.
 
There was a big boost to office space absorption of 3.5 million square feet, the second highest after 2011, with rise in rents across cities, especially in certain segments in in Tier I cities. The year 2016 is expected to see consistent increase in demand driven by IT/ITES, like this year.
 
As regards reforms, Ot was a year of mixed fortunes for realty industry. For the fund- starved sector, there was a foreign equity bonanza, waiver of entry and exit barriers, raising of approval limit for the Foreign Investment Promotion Board limit from Rs.3,000 crore to to Rs.5,000 crore, doing away with area restrictions of 20,000 square meters and capitalisation of $5 million, besides allowing investment repatriation before project completion with three-year lock-in.
 
The government also fast-tracked environmental clearances. However, key reforms like bills on real estate regulator, pan-India goods and services tax regime and arbitration, and policy measures like single window clearance to check delays and price escalation, and ensuring ease of doing business, got stalled, leading to dip in business sentiment.
 
The first full-fledged budget of the Modi government also failed to provide necessary fillip. 
 
Except for a couple of good initiatives like making realty investment trusts viable with provision of pass through tax for investments and rationalisation of tax gains, and allowing foreign investments in alternate investment funds, it failed to address the core issue of increasing affordability and supply of low-cost housing.
 
In a further setback, the budget, instead of removing service tax on affordable housing, hiked it from 12.36 percent to 14 percent, besides marginally raising excise duty.
 
As property buyers increasingly demand value housing, timely project execution and right quality with right pricing hold key to revival of real estate.
 
With the government focusing on reforms like Real Estate Regulation, GST and Arbitration Acts,aimed at strengthening sector fundamentals instead of offering sops, the new year will provide the much needed push to realty. A series of policy measures for catalysing business and investments like progressive and predictable tax regime, rationalisation of labour laws and single window clearance for ease of doing business are underway. 
 
And with further drop in interest rates and rise in uffice rentals in the coming months, the year 2016 may herald a new era for retail investors. 
 
On the mortgage reforms front, apart from further cuts in interest rates, RBI's proposed reduction in minimum risk weightage on individual housing loans for low-cost homes, will boost affordable housing which is key to real estate revival.
 
With commercial real estate set to gain further momentum, real estate sector is headed for a well- regulated, transparent and consolidation phase with healthy and sustained growth over medium to long term.
 
Realty Highlights for 2015
 
*Record PE investments of Rs.18,300 crore in first three quarters of 2015.
 
* RBI liberalise FDI and ECB norms
 
*Rise of property portals with emerging trend of online home sales
 
*Entry of institutional investors in retail real estate
 
* Corporate land deals pick up in sluggish real estate market
 
* Shift from investments in physical to financial assets.
 
* Crucial reform bills like Land Acquistion Bill, Real Estate Regulation Bill, GST Bill, Arbitration Bills stuck in parliament.
 
* REITs fail to take off due to unfavourable realty tax regime.
 
* Not a single IPO launched
 
*Slump in new project launches
 
* High demand for ready-to-move homes while under-construction homes take a beating due to high delivery defaults
 
* Real Estate Sentiment Index dips
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article. 

User

COMMENTS

manoharlalsharma

1 year ago

there is no crunch of money but it is in CASH and whatever is collected by cheque from client r paid as TAXES on over treading or playing with consumer.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)