GoM set to discuss FDI in DTH Thursday

NEW DELHI: A group of ministers (GoM) is slated to discuss tomorrow foreign direct investment (FDI) in various sectors, including direct to-home television broadcasting venture, and examine whether the existing FDI cap can be reviewed.

According to government sources, the GoM that was supposed to have met in the recent past, but could not because of the absence from town of some key ministers, would have a look at the FDI in various sectors, including whether it makes sense to raise the 20 per cent FDI cap in DTH sector to 49 per cent.

The sources also indicated that though it does not fall technically within the ambit of the GoM, but the group, comprising some of the powerful ministers in the Indian government, may also discuss in the passing the issue of FDI in news channels desirous of uplinking from India --- an issue that will be taken up in entirety by the full Cabinet.

In a related development, the sources also said that the full Cabinet is unlikely to meet before the presentation of the Budget on 28 February to discuss any issues. The Cabinet would meet on Friday morning, but it is highly unlikely that it would take up the uplinking issue for discussion that day.

The GoM comprises ministers of home affairs (who also happen to the deputy Prime Minister), finance, commerce and industry, IT & telecom, amongst others.

The GoMs agenda is to take up the NK Singh panel report that has made various suggestions, including increasing FDI cap in sectors like insurance, civil aviation and DTH. The panel had been constituted last year, at the behest of Prime Minister Atal Behari Vajpayee, to look at ways to increase the FDI inflow into the country.

But the Union Cabinet has been divided over the Singh panel report. For example, former information and broadcasting minister Sushma Swaraj was staunchly opposed to any review of the existing DTH policy guideline and, during an interaction with journalists late last year, had categorically said her ministry had "rejected" the Singh panel suggestion on DTH.

But with a new I&B minister Ravi Shankar Prasad still trying to find his feet in the ministry and understand the issues related to his ministry, it is yet to be seen the stand his ministry takes on the FDI cap in DTH that is cited as one of the reasons by interested players in delaying business plans.

Latest Reads
TV is story-teller's new novel; audience is Bharat, not India: Star's Banerjee

MUMBAI: Since five to six years, television has become the talking point. Th series such as 'Breaking Bad' to Transparent to Narcos to 'Game of Thrones' to 24, and now POW (Prisoners of Wars) has changed the experience of television viewing.

Television TV Channels GECs
Star World to air 1-5 of 'Homeland'

Star World and Star World HD is all geared up to air the pulse-pounding action series 'Homeland.' The show tackles geopolitical moral conundrums of our current world. It has recently unveiled the teaser for the upcoming season 6 shows how Carrie Mathison will circumvent around another international...

Television TV Channels English Entertainment
Share all World Cup, T-20 feeds with Prasar Bharati, rights holder told

The telecast of all official one-day and Twenty-20 matches played by the Indian Men’s Cricket Team will henceforth have to be shared by the rights holder with the public broadcaster Prasar Bharati under the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act 2007.

Television TV Channels Terrestrial
Saregama returns to film music acquisition with Pen pact

Saregama India has inked a two-movie deal with Pen Movies. With this agreement, Saregama has acquired the music rights of upcoming Bollywood releases of Pen which includes Kahaani 2 -- Durga Rani Singh, featuring Vidya Balan and Arjun Rampal.Kahaani 2 is slated for a release on 2 December.

Television TV Channels Music and Youth
Q2-17: Zeel numbers, PAT up on higher Ad and Subscription revenue

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (Zeel) reported a 23 per cent hike in consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding quarter of the previous year.

Television TV Channels GECs
Best Deal TV appoints Hari Trivedi as COO

MUMBAI: Best Deal TV has appointed Hari Trivedi as the chief operating officer with immediate effect. Based in Mumbai, Trivedi will be responsible for overall sales and marketing. He would also be initializing lowest price offers and deals on Best Deal TV.

Television TV Channels People
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories