1. Renowned Indian Flautist Pt Ronu Majumdar to perform at IIHMR University
  2. 15th Indo-US Economic Summit under aegis of Indo-American Chamber of Commerce – North India Council  at New Delhi
  3. Union HRD Minister presents CBSE Teacher Awards – 2018 to 34 teachers of the country. 
  4. A glimps of ‘ANGAN’ – A three-day international Conference on Energy Efficiency in Building Sector begins in New Delhi on September 9, 2019 at The Lalit.
  5. ‘ANGAN’- A three-day international Conference on Energy Efficiency in Building Sector begins in New Delhi on September 9, 2019 at The Lalit.
  6. ROSH FIT organised by ROSHANARA CLUB
  7. India Post Payments Bank Announces Rollout of Aadhaar Enabled Payment Services at the First Anniversary of its Business Operations
  8. Japanese Film Festival in India from 27th September 2019
  9. Freedom to love and live
  10. Launch of SUGAR cosmetics retail store in Gurugram
  11. Scheduling irrigation, constructive use of water, proper crop selection and utilising modern irrigation technologies will enhance water security: DG ICAR
  12. ASUS launched three VivoBook laptops – X403, X409 and X509
  13. Music Industry’s contribution to Indian economy at INR 8660cr: Indian Music Industry (“IMI”) and Deloitte report
  14. Recently opened “Searock” coastal cookhouse & bar at L Block, Connaught Place, New Delhi.
  15. Parineeta Sethi celebrates the Launch of PeakLife Gourmet Special edition and Cover Launch with International celebrity Chef Sarah Todd
  16. Miss Divine Beauty celebrated the power of Womanhood at the Grand Finale event at Kingdom of Dreams
  17. LG LAUNCHES NEW B2B PRODUCTS FOR RETAIL & BUSINESS SPACES
  18. India pledges to restore 50 lakh hectares of degraded land by 2030
  19. C-DOT celebrates its 36th Foundation Day
  20. Screening children for spine abnormality can prevent severe deformity
  21. Flat 20% off on Diamond Jewellery starting at Rs. 40,000 at CaratLane – A Tanishq Partnership in Paschim Vihar
  22. MADAME TUSSAUDS DELHI UNVEILS THE KFC’S ZINGER AKA ‘THE ORIGINAL CELEBRITY BURGER’
  23. Rosy Ahluwalia – Khadi designer presentations in Grand finale of Delhi Runway week 2019
  24. Delhi Runway week 2019
  25. Ministry of HRD is going to launch the world’s biggest program for teacher training to train 42 lakh teachers across India on 22 August 2019
  26. India will participate in WorldSkills International Competition 2019 at Kazan, Russia from August 22 – 27, 2019
  27. The Prime Minister, Shri Narendra Modi addressed the nation from the ramparts of the Red Fort on the 73rd Independence Day
  28. India’s Largest Rural Sanitation Survey Launched
  29. Prime Minister joins prayer meeting in remembrance of late Smt. Sushma Swaraj Ji
  30. Ministry of Skill Development and Entrepreneurship announces fourth edition of National Entrepreneurship Awards, 2019
  31. Controlling Medicine Prices Through DPCO 2017 Saved Over INR 12400 crores
  32. Prime Minister Shri Narendra Modi paid tributes to former External Affairs Minister Sushma Swaraj
  33. 2nd India Tourism Mart in September-2019
  34. TCL launches its new range P8 Series
  35. AIWA enters Indian market with New-age Consumer Electronic Products
  36. ALTBALAJI & ZEE5 ANNOUNCE CONTENT ALLIANCE TO GROW THE SUBSCRIPTION VIDEO ON DEMAND BUSINESS
  37. Affle (India) Limited’s IPO to open on July 29, 2019 with a Price Band of Rs. 740 – Rs. 745 per Equity Share each of Face Value of Rs. 10 each
  38. RHINO’s gym opened at City Centre Mall, Shalimar Bagh, New Delhi
  39. Punjab National Bank announced a net profit of Rs.1019 crore during Q1 Financial Year 2019-20
  40. Bikanervala opens a new outlet at Janakpuri , New Delhi
  41. Sonia Mann will be making her debut in Bollywood film *HAPPY HARDY AND HEER with Himesh Reshammiya*
  42. Launch of Global Innovation Index 2019 on July 24, 2019 in New Delhi
  43. GSLV MkIII-M1 Successfully Launches Chandrayaan-2 spacecraft
  44. “Energy Horizons 2019” conference organized by Council on Energy, Environment and Water
  45. Awards Ceremony – India Innovation Growth Programme 2.0
  46. 8th Agrochemicals Conference 2019 organized by FICCI
  47. ‘Odisha Tourism Roadshow 2019’ organised by FICCI
  48. Opening shortly – Make-up Mantra by Pooja Paliwal
  49. ISIC Becomes First Hospital Outside US to Successfully Perform Complex Spinal Surgeries Through Advanced Spine Robotics System
  50. “Ardaas Karaan” coming soon
  51. Artist Aloud and Khazana announce the winners of the second edition of India’s only talent hunt for ghazal singers
  52. Baku – New Delhi – Baku direct flight launched by Azerbaijan Airlines
  53. Tusshar Kapoor and Mallika Sherawat Launched ALTBalaji’s BOOO….SABKI PHATEGI
  54. Wrangler Flags off the True Wanderers 8.0 from New Delhi
  55. Jinnie – a fitness model
  56. Colgate Palmolive India launches the Keep India Smiling mission
  57. FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31.3.2019 OF PUNJAB NATIONAL BANK
  58. BCL Delhi Drangons team in Delhi
  59. Spring summer collection 2019 unveiled by Sparx
  60. Delhi Sports Journalists Association presented Awards to Rishabh, Rani Rampal
  61. ‘Pride of Cows’ premium milk launched by Parag Milk Food
  62. BLK Super Speciality Hospital provides treatment for Sports injuries
  63. WOW air offers the lowest fares ever between India and North America

New Delhi, September 3, 2019: Indian Music Industry (“IMI”), the apex trade body representing the recorded music companies on a pan-India basis, along with Deloitte today jointly launched  “Economic impact of the recorded music industry in India” report at Dialogue: The Indian Music Convention 2019. Ms Sumita Dawra, Joint Secretary, DPIIT, unveiled the report along with Mr Vikram Mehra, Chairman, IMI and Managing Director, Saregama India and Mr Blaise Fernandes, President and CEO, IMI.

Also present at the launch were – Lauri Rechardt, Chief Legal Officer, International Federation for Phonographic Industry (“IFPI”); KT Ang, SVP, Public Policy – Asia, Universal Music Group and Edwin Yee, SVP and Regional Counsel, Sony Music Group and Jehil Thakkar, Partner, Deloitte India.

The report estimates recorded music industry in India to be INR 1,068 crore (about 0.006% of India’s GDP), employing 1,460 full-time employees. It pegs the ripple economy effect to be more than 8.1 times the size of the recorded music its size, with estimated revenue of INR 8,660 cr, generating full-time-equivalent (FTE) employment of 38,600 (25.2 times the employment generated by the recorded music industry). These estimates do not include the multitude of informal users/usage of music which touch large sections of society – such as brass bands, small restaurants, parlours, and gymnasiums. Lastly, the report highlights the non-quantifiable but powerful effects of music, including its ability to cut across cultures and its ability to heal.

“Every 10% growth in the music industry is expected to generate INR 810 cr of additional revenue in the economy from formal partner industries and can ensure employment in the region of 3,600-3,700 FTE in formal partner industries. While at present, the recorded music industry is growing in pace with changing technological trends and is earning significant revenue from streaming services, among other channels in the ecosystem. It is important to establish a fair value to all stakeholders in the value chain. We can expect additional investments in this sector if the fair value and value gap issue get fixed” said, Mr Vikram Mehra, Chairman, IMI. The IMI-Deloitte report states the need to unlock fair value for the music industry by systemic policy changes and cohesive approach towards eradicating piracy. Lack of fair value is seen as the the biggest hurdle, creating bottlenecks for investments, addressing which will pave the way for India to become one of the top 10 music markets in the world.

Mr. Vikram Mehra, Chairman, IMI said, “The recorded music industry is uniquely placed in India to enter the top 10 music markets.However, we still have a lot of work to do, and we need govt.’s help in the same. If Fair Value is accorded to the Copyright Owners of recorded music it will unleash tangible and intangible benefits, both economic and social. Just imagine the lives the music industry can and will touch, the employment that it can and will generate and the contribution to the economy and GDP that it does but is so sparingly measured.”

Expressing his views on the issue Mr Blaise Fernandes, President, and CEO, IMI said, ” India will always be a culturally rich nation with a long history of diverse and engaging music, it is languishing at number 15 in the world in terms of the recorded music industry size per IFPI metrics. It is hardly at par with the country’s global and economic or cultural position. Clearly representing a value gap in the entire music value chain – if the value gap problem is addressed this will usher in a new era for the music industry in India. The creative talent and the recorded music industry are partners with the high-value platforms, but this report indicates that the partnership needs recalibration in favour of the recorded music industry and the creative community.”

Mr. Jehil Thakkar, Partner, Deloitte India, said, “Music is a universal language, and is a powerful tool to expand India’s influence and spread awareness of many things Indian − be it yoga, tourism, or made-in-India products. India’s diversity in culture and language has made the country’s musical output rich and varied. It is important for all stakeholders to cherish, preserve, and invest in India’s creative communities as the country looks to take its rightful place in the world.”

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