Home / Mumbai / Mumbai News / Article / Indian Newspaper Society seeks rollback of newsprint duty

Indian Newspaper Society seeks rollback of newsprint duty

The total consumption of newsprint in India is estimated to be 2.50 million tonnes per year but the capacity of the domestic industry is only 1.0 million tonnes

  • WhatsAppBookmarkBookmark
Listen to this article :
Total consumption of newsprint in India is estimated to be 2.50 million tonnes per year. Representation Pic

Total consumption of newsprint in India is estimated to be 2.50 million tonnes per year. Representation Pic

The Indian Newspaper Society (INS) has requested the Centre to withdraw the 10 per cent customs duty imposed on newsprint —uncoated paper used for printing newspapers and light-weight coated papers used for magazines. Finance Minister Nirmala Sitharaman announced the levy of duty in her maiden budget speech on July 5.

Publishers of newspapers and magazines are already reeling under severe financial pressure due to many factors like lower advertisement revenues, higher costs and digital onslaught from technological giants, Mary Paul, the officiating secretary general of INS said in a statement, adding that small and medium newspapers will go into deeper losses and several will be forced to close down.

Read Next Story
Mumbai: Disabled girls abandoned at Sion hospital

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All