The Indian Performing Rights Society (IPRS), has made a highly progressive decision and decided to go completely cashless. This is a move by the new management to encourage digital payments and strive towards the end goal of a Digital India. The IPRS strives to be a world-class organization, giving users the ability to simply log onto their website, fill in applications and to make the required payments online. The applicant will then receive their license via SMS and email.
The Chairman of the IPRS, Javed Akhtar, had the following to say about this new policy: “IPRS wants to ensure that purchasing of licenses by an organizer for any event, big or small and anywhere in the country, can be done at the click of a mouse. This step will bring total transparency and ease of doing business with the Society to the benefit of everyone concerned; on the other hand, event organizers should have no excuse anymore for not obtaining the license required under the law”.
Being the only government-authorized body to administer rights, issue licenses and collect royalties for authors, composers and literary works (lyrics), cashless payments will bring about ease of doing business. The end goal of this is also to coincide with the government’s vision of a Digital India, according to the CEO of the IPRS, Rakesh Nigam; “We are committed to go all digital. It requires substantial investments by the society over the medium term, but our top priority is to take out the friction from the licensing process. Removing negotiations and cash payments from the system will increase efficiency and transparency, and save time and costs for everyone.”