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FDI hike in broadcasting sector to be put up in inter-ministerial meeting
 

Indiantelevision.com Team

(30 April 2008 9:10 pm)

 

MUMBAI: The information and broadcasting minister Priyaranjan Dasmunsi said on Wednesday that the issue of hiking foreign investment limit in many segments of the broadcasting sector will be taken up in an inter-ministerial meeting.

Replying to a query by Indiantelevision.com, Dasmunsi said: “I will be putting up my views in that meeting.”

The Telecom Regulatory Authority of India (Trai) recently submitted its recommendations on the issue, seeking a sweeping hike in cable TV networks to 74 per cent and news channels and FM radio to 49 per cent. This is in contrast to the government’s proposal which wanted the cap on cable TV and news channels to stay at 49 per cent. In the FM radio sector, the government had proposed a marginal hike from 20 per cent to 24 per cent.

Regarding Cas (conditional access system) extension, Dasmunsi said the recommendations had just arrived.

Commenting on the need for a new TV ratings system, Dasmunsi said the ministry would call for a meeting with all the stakeholders next month.

Dasmunsi was in Mumbai to launch Idea Cellular’s music video Jai Hind in association with Arts and Artistes. Prasar Bharati has extended its support to this initiative.

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