NEW DELHI: With a deepening economic crisis owing to the coronavirus lockdown eating into advertising revenues, the Indian Newspaper Society has written to the Union government seeking urgent interventions and assistance to keep the newspaper industry afloat.
INS has repeated its demand for a two-year tax holiday and removal of all import duty on newsprint by asserting that the print industry has been hit by a “triple whammy of coronavirus, plummeting advertising and customs duty on newsprint”, which has led to a “hitherto unimaginable situation” where the domestic newspaper industry stands on the brink of collapse in a very short period of time.
