The Union Finance Minister Arun Jaitley has presented his maiden Budget Speech in Parliament on Thursday. Jaitley said the Government intends to usher in a policy regime that would bring the desired growth, lower inflation, sustained level of external sector balance and prudent policy stance.

Commnting on the budget, Tarun Katial, CEO, Reliance Broadcast Network, ''With not much for the media and entertainment industry in the budget, there would be anticipation of a further announcement in line with the policy initiatives, especially for the radio sector.

On the Television front, the ruling on custom duties for LCD and LED televisions being completely scraped to nil, as compared to the earlier 10% will result in a significant boost in the consumption of the television sets. The decision would have an impact on converting single TV households to double TV households, resulting in an increase in the number of TV viewers, which is good for the industry.''