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From UPSC perspective, the following things are important :
Prelims level: World Audio Visual and Entertainment Summit (WAVES)
Why in the News?
Union Minister of Information and Broadcasting has launched 25 challenges as part of the ‘Create in India Challenge – Season 1’ for the World Audio Visual & Entertainment Summit (WAVES).
About WAVES
- It is an international summit organized by the Ministry of Information & Broadcasting, Government of India.
- The first edition will take place from 20-24 November 2024 in Goa.
- The summit will be hosted in Goa in collaboration with the State Government of Goa.
- The Entertainment Society of Goa will act as the Nodal Agency for the event, following an MOU with Ministry of Information & Broadcasting.
- It is supported by industry partners like the Federation of Indian Chambers of Commerce & Industry (FICCI) and the Confederation of Indian Industry (CII).
- Purpose:
- WAVES aims to be a pivotal forum for fostering dialogue, trade collaboration, and innovation within the evolving media and entertainment industry.
- The summit will showcase India as a hub for innovation and excellence in the media and entertainment sector, attract investments, and position India as a global leader in the entertainment business.
Location & Collaboration:
- WAVES is designed to promote sustainable growth in the media and entertainment industry.
- It will help attract global trade and investment to India, positioning the country as a key player in the global entertainment landscape.
- The summit will bring together industry leaders, stakeholders, and innovators to explore new opportunities, tackle challenges, and shape the future of the sector.
PYQ:[2014] Though 100 percent FDI is already allowed in non-news media like a trade publication and general entertainment channel, the government is mulling over the proposal for increased FDI in news media for quite some time. What difference would an increase in FDI make? Critically evaluate the pros and cons. |
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