Tied up: With TheOneAlliance Network of SET Discovery, the TV Today network, to distribute its channels— Aaj Tak, Headlines Today and Tez. This will enable it to tap into the domestic subscription market. Says G. Krishnan, CEO, TV Today: “Subscription revenues will gather significant momentum in times to come.”
Grew: By 9.1 per cent, the Indian economy, in the first half of 2007-08, says the Mid-Term Review tabled in Parliament. Agricultural growth rose to 3.7 per cent, against 2.8 per cent in the previous corresponding period. Striking a cautious note, the review said that managing copious capital inflows without hurting growth will be a major challenge.
Announced: By the Ministry of Finance, tax incentives for senior citizens. Post office deposits will be eligible for Rs 1-lakh income tax exemption. The senior citizens’ savings scheme offered at post-offices and the fiveyear postal deposits have now been brought at par with five-year bank deposits in terms of tax exemptions.
Launched: By the Centre for Development of Advanced Computing (C-DAC) under the IT Ministry and Israel’s FTK Technologies, Lekhika 2007, a new software that is expected to enable the Indian masses, who do not know English, to gain computer skills in their native language, thanks to its user-friendly, comprehensive, costefficient format. Lekhika will come in 10 scripts and 3,000 characters and supports Windows, MAC and Linux.
Told: AMFI, a trade body of Indian asset management companies, that PAN cards will be mandatory for mutual fund investors from next year. The finance ministry has said that every investment made in a fund will compulsorily have to be accompanied by a valid PAN card from January 1, 2008.
Promoted: As CEO of global media giant News Corp’s Europe and Asia operations, James Murdoch, 34, son of and likely heir apparent to media tycoon Rupert Murdoch.
Murdoch Junior will oversee Asian broadcaster STAR Group, UK newspaper unit News International, and Sky Italia.