Stimulus Package for Print Media extended till 31st December 2009

The Stimulus Package given to the Print Media in February 2009 has been further extended by the Finance Minister Shri Pranab Mukherjee, for another six months from 30th June 2009 to 31st December 2009. In February 2009, the print media was given a stimulus package comprising waiver of 15% agency commission on DAVP advertisements and a 10% increase in the DAVP rates to be paid as a 'Special Relief' subject to documentary proof of loss of revenue in non-governmental advertisements.

Source : Equity Bulls

Keywords