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| No. CSU - 1 (6) / 2003 - PIV/ | Date : 07 March 2003 |
| All Advertisers / Advertising Agencies, | |
| Dear Sir / Madam, | |
| This is to inform you that it has been decided by the Prasar Bharati Board to reduce the interest rate on delayed payment beyond the 45 days credit period from the existing 18% per annum to 14.5% per annum (i.e. 1.2 per month). This will be effective from 1st April 2003. | |
| Yours faithfully, | |
| (RADHA P. NAMBOODIRI) DIRECTOR OF SALES | |