The regulator spoke about forbearance. The industry spoke about a supportive government. And the business delivered a stellar performance.
The first full-fledged Ficci-Frames, after the three-year pandemic hiatus, began on a great note. Ficci, the Federation of Indian Chambers of Commerce and Industry, hosted the three-day event, the biggest in the Indian media and entertainment business calendar, earlier this month in Mumbai.
P D Vaghela, chairman of the Telecom Regulatory Authority of India (Trai), the body that regulates the largest chunk of the now Rs 2.09-trillion Indian media and entertainment business, was categorical that the regulator should not be responsible for fixing tariffs. But the conflict between broadcasters, multi-system operators and last-mile cable operators made tariff regulation inevitable. He spoke about the need to protect the 81,000 local cable operators.
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