FDI guidelines on news channels expected any time now

NEW DELHI: Star and the likes can breathe a bit easy as finally the Almighty may be smiling.

Though the Indian government may have taken its own time to take a stand on the issue of foreign direct investment (FDI) in news channels desirous of uplinking from India, it is acting with speed where issuance of guidelines for the policy decision is concerned.

The information and broadcasting ministry is understood to be working overtime to finalise the guidelines that are expected, according to I&B ministry sources, before the week is out.

"If everything goes well, the guidelines may be notified either late today or tomorrow," a ministry official said, refusing to give any more details.

According to information available with, senior bureaucrats in the I&B ministry have been huddled in meetings since Tuesday's cabinet decision. The ministry's top bureaucrat, the secretary, also was said to be in a meeting with minister Ravi Shankar Prasad around the time the India-Kenya cricket semi-final match was to begin (5:30 pm).

The ministry seems to have done its homework well. Not only did it prepare its case for Tuesday's Cabinet meet, but has also collated guidelines regarding television broadcast in other countries like the UK, Australia, Malaysia, the US and Singapore.

The Industry expects that after capping the FDI in TV channels at 26 per cent, the government is likely to put in some stringent guidelines, the same way it did when the print medium sector in India was opened up to foreign investment up to 26 per cent.

Also Read:

COMMENT: News makers have to rework strategies

26% FDI cap in news channels

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories