PRESS DIGEST – Financial Times – July 23

The Financial Times ECB CHIEF CALLS FOR GLOBAL TIGHTENING European Central Bank chief Jean-Claude Trichet said industrialised countries should cut public spending and raise tax to consolidate present recovery here

BLACKSTONE FUND HITS $13.5BN

Investment firm Blackstone (BX.N) has raised $13.5 billion for its new buy-out fund, making it the biggest since the financial markets crisis began. here

DESMOND READY TO BUY FIVE

Newspaper magnate Richard Desmond has made a £104 million pound bid to buy Five, making him the first individual to control a UK public service broadcaster if successful. here

MINISTER WARNS OIL SHOCK “LIKELY” WITHIN DECADE

Energy Minister Chris Huhne said Britain was “very likely” to face an energy crisis within the next decade that could trigger economic volatility. here

BT SOUGHT AUDITOR CHANGES AFTER 1.6 BLN POUND WRITEDOWN

British telecommunications provider BT (BT.L) asked its auditor to change members of its credit team after optimistic profit assumptions led to a 1.6 billion pound writedown. here

GM BUYS AMERICREDIT IN $3.5BLN DEAL

General Motors [GM.UL] agreed to buy Texas-based AmeriCredit for $3.5 billion in cash in order to boost its sales to non-prime car and truck buyers. here

(Summary compiled by Reuters)

Ambika Soni reaffirms commitment to Public Service Broadcasting Trust

New Delhi, Sept 15 (ANI): The Ministry of Information and Broadcasting has renewed its commitment of financial support to the Public Service Broadcasting Trust (PSBT), a Delhi-based NGO.

Under the plan scheme component for production of documentaries through NGOs, the Films Division would grant funds to the PSBT, which has been short-listed for production of documentaries for the current financial year.

In the past also, the Doordarshan and the PSBT have had a successful public-private partnership.

Over the past nine years, a large number of documentary films have been funded by the Doordarshan.

Among the National Non-Feature Film Awards-2007, at least four of such joint productions of the Prasar Bharati and the PSBT have won accolades.

Speaking on the occasion of ‘Commemorating 50 years of Public Television In India’, Minister for Information and Broadcasting Ambika Soni invited suggestions from the luminaries of PSBT Trustees for making the Public Service Broadcaster-Doordarshan more vibrant and interesting while retaining its commitment for healthy entertainment suitable for family viewing.

Soni also reiterated that her Ministry would continue to strive to encourage creative skills so long as they honour the sensibilities of all single television viewing families.

The Minister exhorted the young filmmakers – particularly those who are the beneficiaries of the PSBT-Ministry fellowships, to take up the challenge of making relevant programmes for particularly the marginalized strata of society.

“The Doordarshan is the only channel with the widest terrestrial reach which caters to the remotest and border areas often neglected by the commercial interests of other channels,” she added.

She also invited stalwarts like Shyam Benegal (a PSBT Trustee), who had made the memorable ‘Bharat ek khoj’ serial for Doordarshan in the past, to contribute meaningfully to Doordarshan again.

Adoor Gopalkrishnan (Chairman PSBT)’s new film “Oru Pennum Randaanum”, funded by Doordarshan was screened on the occasion. (ANI)