FM Nirmala Sitharaman announced that the govt would support setting up labs for animation, visual effects, gaming, and comics in schools and colleges. ‘Will shape India’s creative economy.’
Some concerns include whether government will cross barriers & change its taxation system. Another focus area for industry stakeholders is Intellectual Property (IP) creation.
A govt committee suggested conducting a special entrance exam for admissions into the sector, while emphasising on the need to have media & entertainment studios/labs in schools.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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