Tuesday, October 7, 2008

Prasar Bharati bagged Rs.415 Crores for Commonwealth Games coverage

Prasar Bharati bagged Rs.415 CroresThe state-owned broadcaster Prasar Bharati (which runs the Doordarshan TV channel and All India Radio, and is the host broadcaster for the games) has got a sanction of Rupees 415 Crores from the government for the coverage of 2010 Commonwealth. Fifty percent of this will be a grant and the rest be a loan. This news was announced by the Finance Minister P. Chidambaram after a meeting of the cabinet committee on economic affairs (CCEA) presided over by Prime Minister Manmohan Singh.

The minister further added “The broadcast rights will be auctioned and there will be a revenue stream but we can’t say with certainty whether it will be possible to recover the loan”.” We’ll see how to deal with that as we go along,” Chidambaram said.

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