After raising foreign investment limit in sensitive railway and defence sectors, the Narendra Modi-led government is looking at the TV news and print space.
The Information and Broadcasting (I&B) minister Arun Jaitley recently reviewed a departmental presentation on the case to review sectoral FDI caps in the media space, according to a report in the Hindustan Times.
The matter has now been referred to an inter-ministerial panel, which will come back to Jaitley for a decision, the report added.
A cabinet proposal will have to be moved if the government decides to increase the FDI limit in these two sectors. Presently, the foreign direct investment (FDI) limit in both print and TV news has been capped at 26 per cent.
The Telecom Regulatory Authority of India (TRAI) in its recommendations on FDI in Broadcasting Sector in 2013 had recommended enhancement of FDI limit to 49 per cent for uplinking of news and current affairs TV channels.
It also recommended that FDI should only be allowed with prior approval of the FIPB. It had also recommended enhancement of FDI limit to 49 per cent for FM radio services.
In the broadcast carriage services i.e. Cable TV, DTH, IPTV, mobile TV, HITS and teleport, the authority recommended that FDI limit should be enhanced to 100 per cent with up to 49 per cent on automatic route and beyond 49 per cent with prior approval of the FIPB.
Read more at:
http://www.televisionpost.com/news/govt-examining-proposal-to-hike-fdi-limit-in-tv-news-and-print/
The Information and Broadcasting (I&B) minister Arun Jaitley recently reviewed a departmental presentation on the case to review sectoral FDI caps in the media space, according to a report in the Hindustan Times.
The matter has now been referred to an inter-ministerial panel, which will come back to Jaitley for a decision, the report added.
A cabinet proposal will have to be moved if the government decides to increase the FDI limit in these two sectors. Presently, the foreign direct investment (FDI) limit in both print and TV news has been capped at 26 per cent.
The Telecom Regulatory Authority of India (TRAI) in its recommendations on FDI in Broadcasting Sector in 2013 had recommended enhancement of FDI limit to 49 per cent for uplinking of news and current affairs TV channels.
It also recommended that FDI should only be allowed with prior approval of the FIPB. It had also recommended enhancement of FDI limit to 49 per cent for FM radio services.
In the broadcast carriage services i.e. Cable TV, DTH, IPTV, mobile TV, HITS and teleport, the authority recommended that FDI limit should be enhanced to 100 per cent with up to 49 per cent on automatic route and beyond 49 per cent with prior approval of the FIPB.
Read more at:
http://www.televisionpost.com/news/govt-examining-proposal-to-hike-fdi-limit-in-tv-news-and-print/
huh:huh
