News Channels Get Extension of 6 Months, And This Is The Last One

Business Standard: The government today gave the “last” extension of six months to news and current affairs channels to raise the equity base of the Indian partner to 51% as required by the policy on uplinking.
“The policy requires that news channels adhere to a cap of 26% FDI, and the Indian entity to have not less than 51%. Many existing news channels have not been able to conform to this changed system for a variety of reasons,” I&B minister S Jaipal Reddy said after a cabinet meeting today.

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