Tamil Nadu budget sops for cable operators, TV artists

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BANGALORE: Tamil Nadu's (TN) minister for finance (MoF) K Anbazhagan announced during his state budget presentation speech a proposal to withdraw entertainment tax on [COLOR=blue! important][COLOR=blue! important]cable [COLOR=blue! important]TV[/COLOR][/COLOR][/COLOR] operations from 1 April 2008 and waive off outstanding entertainment tax dues up to 31 March 2008.
As per the MoF's budget statement for the year 2008-09, the TN cable TV industry's pending entertainment dues are Rs 160 million. The minister also announced a welfare fund for television artists to be set up and an increase in the government's pension to journalists.

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