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Media FDI norms up for review

The Information and Broadcasting (I&B) ministry has approached the telecom regulatory authority of India (TRAI) for recommendations to 'review and restructure' the foreign direct investment (FDI) caps in all sectors of the media, save print, according to a report in the Economic Times.

Some details:

TRAI has also been asked to give its recommendations on creating a new structure and guidelines for assessing television programming viewership (TRPs) and consolidating the cable distribution business. The sectors for which FDI norms are being sought to be reviewed include FM radio, news channels, entertainment channels, satellite radio, direct-to-home (DTH) services and Head-end in the Sky (HITS).

The I&B ministry's communication to TRAI exempts the 'print media' from the review process because TRAI does not have the jurisdiction to recommend changes for this sector. The I&B move comes as currently the FDI caps in each of these media segments is different — it ranges from 100% in entertainment channels to 20% in FM radio.

Date posted: January 31, 2008 Last modified: May 23, 2018 Total views: 357