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.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post