Union Budget 2019 Expert Opinion: Look to creative economy, take a leaf from South Korea’s playbook

Union Budget 2019-20 Expectations

Budget 2019 Expert Opinion on Budget Expectations: There is now broad consensus that the upcoming interim Budget 2019 will be geared towards bolstering the current government’s polling prospects in the general election. Several reports indicate that the government will use the opportunity to appease impoverished sections of the Indian society and the mercantile community. The remainder of the budget, pundits deem, shall be rife with promises of what the government hopes to do, should it make its way back into power for another term.

Given the government’s emphasis on technology policy over the last few years, with the release of Draft Data Protection Bill in 2018 as well as several consultation papers ruminating the possible regulation of different aspects of the technological realm, it is not unreasonable to expect items addressing these issues in the interim budget 2019 as well. If these speculations are indeed accurate, one hopes that the government has factored one critical facet of the broader digital sphere into its vision for 2019 and beyond – the creative industry.

Read Also: Budget 2019 Expectations- This may be the most important task at hand for Modi government on February 1

The creative industry, a broad term for what is essentially the media and entertainment sector, presents an important economic opportunity for India. It is one of the fastest growing segments of the Indian economy – recording an annual growth rate of 11.2 percent in 2016. It is also a key source of employment generation for India – an important consideration as the country needs to generate 10 million jobs per year to prevent mass unemployment. A report by the Boston Consulting Group predicts that the creative industry has the potential to generate 7 – 800,000 jobs over the next few years. Notably, a majority of these jobs could be relatively immune to automation. A study by NESTA reveals that 87 percent of creative workers are at low to no risk of losing their jobs to a machine.

Despite all its trappings, however, India’s creative industry fails to extract substantial value from its products, when compared to other developing economies. Notably, it generated only USD 18 billion in revenue in 2016, accounting for about 1 percent of India’s GDP. Comparatively, South Korean creative industry revenues in 2016 totaled a whopping USD 89 billion, accounting for 6 percent of the country’s GDP.

Part of the reason why South Korea’s creative sector is so successful is because the country’s government is heavily invested in fomenting its commercial ambitions. For instance, the South Korean government makes a concerted effort to maintain a robust intellectual property rights (IPR) regime. IPRs are the life-blood of the creative industry, as they serve as the vehicle through which creators can monetise their work. One of the pillars of a robust IPR regime are measures to mitigate the piracy of creative goods. Towards this end, South Korea has enacted a stringent copyright law to safeguard the interests of its creative industry. Further, and more importantly, it recently launched a special anti-piracy unit known as the Copyright Infringement Response Team (CIRT) for the effective enforcement of the provisions listed in its copyright legislation.

India has taken some initial steps towards improving its IPR regime with the induction of national IPR policy that has better IPR enforcement as one of its purported goals. However, little has been done to convert this policy promise into effective practice. Illustratively, according to a study by Digital TV Research, India’s concerted failure to counter copyright piracy of film and television content alone will cost the Indian economy 3.1 billion dollars in 2022.

Though laws are being enacted in India to counter piracy, such as the recent amendment to Cinematograph Act which threatens to severely penalise anyone who attempts to make unauthorised copies of cinematographic films, the efficacy of these provisions is questionable. A historical analysis of India’s copyright law reveals that an increase in the stringency of penalties does not generally translate into a reduction in copyright piracy. For instance, the 1984 amendment to the Indian Copyright Act made it easier for police to seize pirate works. But it was an ineffective deterrent to piracy as most piracy cases did not culminate in convictions, due to capacity issues within the police force. Thus, unless anti-piracy law is accompanied by efforts to mobilise and train the police to carry out its enforcement, it is effectively toothless no matter how severe its penalties are.

For Budget 2019, the government should, then, take a leaf from South Korea’s playbook and look to allocate resources towards the creation of India’s own anti-piracy enforcement unit. Such a measure would be a good starting point towards unlocking further value for one of the country’s most significant economic imperatives – the creative industry.

[“source=financialexpress”]

India launches satellite for South Asian countries, Pakistan says no thanks

The Indian Space Research Organisation's GSAT-9 satellite was launched Friday, May 5, 2017 in the state of Andhra Pradesh.

The Indian Space Research Organisation’s GSAT-9 satellite was launched Friday, May 5, 2017 in the state of Andhra Pradesh.

New Delhi (CNN)In a first, India’s space agency launched a satellite Friday to provide communications services to its neighboring countries.

The South Asia satellite, funded entirely by India, was announced several years ago with the intention of serving all eight members of the South Asian Association for Regional Cooperation (SAARC).
According to Uday Bhaskar, director of Delhi-based think tank the Society for Policy Studies, the satellite represents a “new form of regional cooperation,” and Indian Prime Minister Narendra Modi has called it a “gift to the SAARC region.”
“Even the sky is not the limit when it comes to regional cooperation among like-minded countries,” Modi said after the launch.
The more than $36 million project does not, however, involve Pakistan, which pulled out of the project.
READ: Asia’s space race heats up

Tense relationship

The satellite project comes at a time of heightened tensions between the two countries. This week, India accused Pakistan of mutilating the bodies of two of its soldiers in the disputed territory of Kashmir. Last year, militants from Pakistan killed 18 Indian soldiers in an attack on an Indian army base.
While some have suggested Pakistan may have pulled out due to espionage concerns, Ajay Lele, a senior analyst at the Delhi-based Institute for Defense Studies and Analysis said “in modern times, you do not develop a satellite to spy on a country.”
But N. Sathiya Moorthy, a regional director at the Observer Research Foundation, said India should “do everything to ensure that policy makers (in Pakistan) remain convinced that it is nothing more than what India says it is.”
Lele said Pakistan’s backing out is a missed opportunity for Islamabad. “Problems on earth shouldn’t affect relationships in outer space,” he said.
Pakistan Ministry of Foreign Affairs spokesman Nafees Zakaria said the country was initially “keen to participate in the project.”
“However, as India was not willing to develop the project on a collaborative basis, it was not possible for Pakistan to support it as a regional project under the umbrella of SAARC,” he added.
He dismissed speculation over espionage concerns as “unfounded.”
The satellite will provide communications and disaster management services across South Asia.

Space diplomacy

The satellite’s launch is seen by many as a move by India to cement its big brother role in the region and improve relations with its neighbors, Pakistan aside.
“India has done satellite launches for countries commercially but never utilized them as a foreign policy tool. Space is no more just a science and technology domain — it is being seen from a strategic and foreign policy perspective,” said Rajeswari Pillai Rajagopalan, head of the Nuclear and Space Policy Initiative at the Observer Research Foundation.
Experts say the move is also designed to counter China’s growing influence in South Asia. In 2011, Beijing launched a communications satellite for long-time ally Pakistan, followed by the launch of another for Sri Lanka in 2012.
“Space is emerging as a domain where you can see increasing competition between India and China. For China, reaching out to South Asia is a way of keeping India under check,” said Rajagopalan.
India's space program is increasing in sophistication.

Disaster control

The South Asia satellite weighs 2,230 kilograms and is carrying 12 top-of-the-line communication transponders, making it India’s most significant space project since February’s record-breaking launch of 104 mini satellites with a single rocket.
Since the 2013 launch of India’s Mars orbiter, the country’s space agency has established itself as a reliable, low-cost global player.
The new satellite will provide telecommunications, disaster management and weather forecasting services, among others.
A satellite focusing on disaster communications could be particularly beneficial to South Asia, home to about a quarter of the world’s population and prone to tropical cyclones, heat waves, earthquakes, tsunamis, landslides and floods.
“Bangladesh has serious climatic variations, while Maldives is seeing the impact of climate change. Both countries have a lot to receive in terms of disaster warnings,” said Rajagopalan.
Bhaskar added, “This can go a long way in improving regional human security indicators, particularly in the more impoverished cross-sections of the regional population across South Asia.”

South Korea’s Park Geun-Hye Says Resume North Korea Talks without North Korea

South Korea's Park Geun-Hye Says Resume North Korea Talks Without North Korea

South Korean President Park Geun-Hye today presented a “creativetechnique to stalled six-birthday celebration talks on North Korea’s nuclear programme — reduce Pyongyang from the equation and lead them to fivecelebration negotiations rather. (document photo)
SEOUL, SOUTH KOREA: South Korean President Park Geun-Hye nowadays presented a “innovativetechnique to stalled six-celebration talks on North Korea’s nuclear programme — cut Pyongyang from the equation and cause them to fivebirthday celebration negotiations alternatively.

“We must discover numerous and innovative approaches, along with attempting to maintain 5mannertalks except North Korea,” Park stated during a policy briefing with top ministers.

The six-party talks, involving the 2 Koreas, the usa, Japan, Russia and China, started in 2003 as an effortto dismantle North Korea’s nuclear programme in trade for aid.

The North stop the speak manner in 2009, ostensibly to protest sanctions imposed after an extendedrangerocket test.

the following month it carried out its 2d nuclear test.

North Korea’s important best friend, China, has time and again driven for the talks’ resumption, howeverPark stated the North’s fourth nuclear take a look at on January 6 underlined Pyongyang’s rejection of denuclearisation as a bargaining chip.

even supposing the talks are resumed, their effectiveness might actually be known as into question,” shesaid.

The ultra-modern take a look at precipitated a flurry of diplomatic hobby between the 5 non-North Koreancontributors of the defunct talks process, with the united states, Japan and South Korea urging China to take the lead in implementing more potent sanctions on its maverick neighbour.

“I count on China to take effective measures to make sure North Korea can understand that theimprovement of its nuclear programmes serves no purpose, and that it need to re-be part of the worldwidenetwork as Iran did,” Park stated.

Beijing will have a vital position to play within the wording of the decision currently beneath discussionwithin the UN security Council to punish Pyongyang for its trendy check.

China is North Korea’s chief diplomatic protector and monetary benefactor, but Beijing’s staying power has worn thin with Pyongyang’s behaviour and unwillingness to rein in its nuclear weapons objectives.

however, China’s leverage over Pyongyang is mitigated by using its overriding fear of a North Koreandisintegrate and the chance of a reunified, US-allied Korea at once on its border.

girl Gang-Raped In South Delhi On way domestic After movie, 3 Arrested

Woman Gang-Raped In South Delhi On Way Home After Movie, 3 Arrested

The woman said the accused raped her in the transferring car earlier than dumping her close to Poorvi Marg within the Vasant Vihar place. (Representational photograph)
NEW DELHI: A 25-12 monthsantique lady returning domestic after looking a film become abducted and gang-raped in a moving automobile here through three guys, police stated on Thursday. All 3 accusedhave been arrested.

The lady, accompanied by using a female buddy, became returning home after looking a movie at PVR Priya in Vasant Vihar in south Delhi round three.15 a.m. on Wednesday while she turned into kidnapped.

In her police criticism, the woman said the accused raped her in the shifting automobile before dumping her near Poorvi Marg in the Vasant Vihar vicinity.

The female‘s friend made a name to the police manage room right now while the lady becamekidnapped. She later instructed police that the two of them were strolling towards Munirka while thethree men using a automobile approached them.

one of the men pulled my buddy in the vehicle and drove away,” the police officer quoted her as saying.

the auto became traced since the sufferer‘s buddy had referred to down its registration variety.

“With the assist of its registration wide variety, we traced the automobile proprietor in Geeta Colony (east Delhi). The accused were arrested inside hours after the medical exam of the girl confirmed rape,” the officer said.

The accused were later despatched in judicial custody by way of a local court.

(except for the headline, this tale has no longer been edited by using NDTV group of workers and isposted from a syndicated feed.)