LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Sidhu proposes new law to raise revenue from outdoor

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Sat, Aug 12, 2017
05:20 pm
PTI
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

Punjab minister Navjot Singh Sidhu today announced to bring a new and "potent" policy to increase the state government's annual revenue from outdoor advertising to at least Rs 300 crore.

The Local Bodies minister also blamed the previous SAD- BJP government for causing "revenue leakage" by framing a "toothless" law in this regard.

Besides, he claimed that the state had suffered a loss of Rs 2,000 crore from the cable business.

Sidhu also proposed to levy a token amount of entertainment tax to keep a check on the "cable mafia", which he alleged had "proliferated under the previous dispensation".

Punjab is earning a meagre amount of Rs 25 crore annually from outdoor advertising and hoardings in 164 cities of the state as compared to Rs 200 crore being earned by neighbouring Haryana from its municipal areas, he claimed.

Sidhu also hit out at the SAD for allegedly "looting" the state by facilitating individuals in the outdoor advertising and the cable businesses.

"Out of the Rs 25 crore , Rs 10 crore comes from Mohali, Rs 2.5 crore from Zirakpur. Ludhiana alone has the potential to generate income of Rs 150 crore per annum," he said.

Sidhu accused the SAD-BJP government of framing laws pertaining to outdoor advertising and hoardings which catered to vested interests.

"After an inquiry, following a complaint, I came to know that the government cannot levy penalty or make seizure despite violation of the advertisement law.

"They (the previous government) made toothless laws which facilitated only individuals," he said.

Sidhu said, "The aim was to raise the annual revenue from Rs 25 crore to Rs 300 crore from advertisement in municipal areas."

He said his department would propose laws on outdoor advertising and cable businesses which are "potent and will fix accountability".

"An advertisement policy will be brought in consultation with experts in order to increase revenue by 10 times to Rs 300 crore annually in the state," Sidhu said.

Citing an example of "blatant violation of the law", the minister claimed that a particular company was given "undue" advantage in allotting advertisement contract on 82 bus shelters in Ludhiana and that it had resulted in a loss of Rs 100 crore to the state exchequer.

Sidhu said his department will also come out with a cable law, proposing entertainment tax, to check the "mafia".

"I have already submitted a proposal to the chief minister in which a token tax of Rs 2 to Rs 3 is needed to be levied. We might have a token tax which will make people (cable mafia) accountable... and bring them under the purview of law," he said.

The state had witnessed a revenue loss of Rs 2,000 crore because of the "cable mafia", he claimed.

Sidhu had earlier accused the previous SAD-BJP regime of sheltering a private multi-system operator in cable business.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here

LATEST NEWS

Cancel Board Exam 2021: Now, Sonu Sood requests this to everyone amid rising Covid-19 cases

Delhi Schools and Colleges Latest News: All educational institutes closed, class 9 class 11 exams POSTPONED - Important message from Manish Sisodia

JEE Main 2021: April session admit cards expected to be out SOON at NTA website - see how to download and all other details here

USD vs INR: Indian Rupee at 9-month low against US dollar - Expert decode the impact

Maharashtra Board Class 10, Class 12 exams postponed—Check what minister said about CBSE, ICSE, IB and Cambridge boards

CBSE Class 10, 12 exams 2021 cancel request: BIG Assurance comes from CBSE; This is what Board says now

Stocks to Buy With Anil Singhvi: This company can generate good returns for investors - what Varinder Bansal said

IRCTC share price FALLS 9%, Know the reason WHY?

In chat with Anil Singhvi, analyst Vikas Sethi recommends Divi's Lab, Infosys as top buys for big gains

No onboard food facility for these flyers amid rising covid cases: Aviation Ministry

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved