OPINION, P2 MIND & GAMES The familiar sound of the drums IDEA EXCHANGE YOU DON’TWANT FRIES WITH THAT OP Rawat ‘Note ban had absolutely no impact on black money. During polls we seized a record amount’ Page 4 Fries are unhealthy but undeniably tasty, so if you do indulge, we present some expert advice Page 10 ACROSS THE AISLE , P CHIDAMBARAM Vol VIII No. 95 Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE ‘NEVER METSUCH FRIENDLYPEOPLE AS IN INDIA’ PUNE SUNDAY, DECEMBER 2, 2018 14 Pages, `10 FINANCIALEXPRESS ON SUNDAY PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE A green union `97,637 crore INDIA HAS PRESENTED a nine- pointagendatoG20countries, calling for “strong and active cooperation” among them to comprehensively deal with fugitive economic offenders. PrimeMinisterNarendraModi presented the agenda in the second session of the G20 summit on international trade, international financial and tax systems in Buenos Aires on Friday. “Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime ■ WORDS WORTH, P5 Mainstream or marginalised? Two books — Bastar Dispatches and Nightmarch — focusing on the Maoist zone in India try to decode the dynamics of the region and its tribes Prime Minister Narendra Modi (left), Chinese President Xi Jinping (right) and Russian President Vladimir Putin held the RIC trilateral meeting after a gap of 12 years on the sidelines of the G-20 summit in Buenos Aires should be enhanced and streamlined,” the agenda read. Indiaalsocalledforjointefforts by G20 countries to form a mechanism that denies entry and safe havens to fugitive economic offenders.“Principles of United Nations Convention Against Corruption (UNCAC), More advertisers, consumers increase digital ad pie ANIRBAN ROY CHOUDHURY Mumbai, December 1 WITH THE STEADY rise in digi- tal consumption in India, advertiser interest in the medium has also taken a turn forthebetter.Digitaladspends in India in FY18 stood at `11,630 crore, projected to reach `15,470 crore in FY19 and `43,500 in FY23, as per a KPMG report. Overall, digital advertising is estimated to growat 30.9% CAGRtill 2023. A recent hike in ad rates for premium digital platforms, as per experts, is likely to be a strong contributor to this growth. As per advertisers, YouTube’s most expensive property, its masthead, currently costs around `75 lakh QuickPicks Defence ministry approves `3k-cr military procurement THE DEFENCE MINISTRY on Saturday approved military procurement worth `3,000 crore, including Brahmos supersonic cruise missiles for Navy’s two stealth frigates and armoured recovery vehicles for the Army's Arjun main battle tanks, a senior official said, reports PTI. The go-ahead for both acquisitions was given by the Defence Acquisition Council, the senior military official said. PAGE 3 Former US president George HW Bush dies at 94 which went up from `42 lakh in April, 2018. In the first half of 2019, it is likely to cost advertisers `1.4 crore. Now consider Hotstar, which charges `11 lakh for a masthead banneron its homepage while for the TV and movies (entertainment) pages, themastheadispricedat`2.65 lakh. SonyLiv has priced its masthead at `5.2 lakh, while Viacom18’s Voot asks for `6.5 lakh for masthead advertising. “While this is the rate card, it is negotiable and regular advertisers who buy big volumes get a 20% cheaperprice. Thecostofmastheadshasseen a significant increase across all digital platforms in India,”says a media planner. Continued on Page 14 Source: KPMG FY14 FY16 FY18 FY20 26,420 33,981 20,263 15,468 11,630 8,620 3,250 GEORGE H W Bush, the 41st president of the US who led America during the dramatic collapse of the Soviet Union and engineered the defeat of an audacious Iraqi invasion of Kuwait, died in Washington on Friday, reports PTI. He was 94. His death, which was announced by his office, came less than eight months after that of his wife of 73 years, Barbara Bush. 4,700 Digital advertisement spend (` crore) 43,496 ROHNIT PHORE 6,490 ODD & EVEN November collections at PRESS TRUST OF INDIA Buenos Aires, December 1 FY22 FY23 For telcos, it’s about capturing data mkt -62 An analysis of the latest industrydatafromtheTelecom Regulatory Authority of India (Trai) shows that during April- Growth (%) 521.8 756.3 SMS -31 « 76.27 « comparison to data, revenue fromdatainthetelecomindustryhaswitnessed majorgrowth inthepastoneyear.Forinstance, revenue from data,which contributed around 36% to total industry revenue in April-June 2017, almost doubled to 71% duringApril-June 2018. 4,744.62 WITH VOICE USE declining in Voice 12,491.63 12,870 7,301.42 Data April-June 2018 (` cr) « April-June 2017 « RISHI RANJAN KALA New Delhi, December 1 Telcos: Revenue performance June 2017, the industry’s total revenuestoodat`20,549crore, of which data contributed `7,301crore.Ayearlaterduring thesameperiod,whiletotalrevenuewas at `18,136 crore,revenuefromdatauseskyrocketed to`12,870crore.Whilerevenue from data use grew 76% YoY in April-June2018,thatfromvoice and SMS declined. Revenue from SMS fell 31% YoY to `521.8 crore in April-June, whereas for voice, the decline was steeper at 62% YoY to 4,744.62crore.Analystssaidit’s understandablethatwithtelcos providing free voice with 100 free SMS per day, and also lowcost tariff planswith data foras low as `3-5 per GB,the decline in revenue contribution by the formerand rise in data revenue is on expected lines. Continued on Page 14 PTI United Nations Convention Against Transnational OrganizedCrime(UNOTC),especially relatedto'InternationalCooperation'should be fully and effectivelyimplemented,” it said. Continued on Page 14 More reports on Page 14 While the monthly gross (pre-devolution) GST revenue (excluding cess) for the Centre to meet its budget estimate is a little over `54,000 crore, the total revenue earned by the Centre in regular settlement of IGST in November was just `35,073 crore. The Centre’s revenue after settlement in October (November taxes) was `48,954 crore and the average in the first eight months of this fiscal stands at `38,500 crore. Continued on Page 14 Passenger vehicles domestic sales FE BUREAU New Delhi, December 1 AUTO SALES WERE a clear washout in November with most manufacturers registering either a year-on-year decline or flattish trend.As per numbers released by a section of manufacturers on Saturday, domestic passenger vehicle sales during the month were down 5% on a y-o-y basis with the country’s largest player, Maruti Suzuki, reporting a 0.3% decline compared to the same month last year.The second-largest car manufacturer, HyundaiMotor,alsoreporteda 0.7% dip in sales. Passenger vehicle sales, which have been weakening since July, saw its worst during November. The reason being thatsalesduringDiwali(which wasinthefirstweekofNovember) were factored in October numbers. As a result, in November, consumerswerewaitingforthe heavy discounts offered by dealers to clear calendar year inventories inDecember.However, this year, manufacturers Hyundai 44,008 43,709 M&M 16,030 16,188 « « Maruti Suzuki 1,44,298 1,43,890 -0.3 -0.7 1 Nov ‘17 Nov ‘18 % change ge Tata Motors 17,157 16,982 -1 Honda 11,819 10 13,006 Ford 7,777 -18 6,375 « Flamboyant and ostentatious weddings are slowly being given a passover by young couples in favour of green weddings. From opting for natural decor and biodegradable cutlery to sending e-invites and giving seeds as return gifts, these couples are ensuring that their vows include the environment and sustainability as well (GST) collections for October (collected in November) dropped to `97,637 crore from `1 lakh crore collected in the previous month.The latest figures released bythe finance ministry have sustained worries over a major GST revenue deficit for the Centre , although November collections were marginally higher than the monthly average of `97,039 crore in the AprilNovember period. ● Declining or flat sales reported « ■ SPOTLIGHT, P7 THE GOODS AND Services for car companies « ● Asks for denial of entry, safe havens to such offenders in 9-point agenda FE BUREAU New Delhi, December 1 « India proposes plan to tackle fugitive economic offenders GST revenue AUTO SALES shortfall Gloomy November continues « G20 SUMMIT WHAT'S INSIDE ● Freebies and cheap data only fuelling demand for more data READ TO LEAD Vladimir Furdik of Game of Thrones on his experience in India Page 8 are staring at a tough time because inventory levels are running very high – close to five-sixweeksagainstanormal oftwoweeksatNovember-end. “To clear such high inventory levels,evenifdiscountsoffered are very high, it will be a tough task for the industry,” said an industryexecutive.“Heavydiscounting may continue in Januaryalso,”theexecutiveadded. Speculation is high that industrybodySocietyofIndian Automobile Manufacturers may lower the FY19 growth numbersforpassengervehicles. Continued on Page 14
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