| NEW
DELHI: The British magazine ‘Spectator’ will soon be seen on Indian
newsstands in its local avtaar ‘Spectator India’, following permission
accorded to Telegraph Publications by the Information and Broadcasting Ministry
on condition that at least 75 per cent of the directors and all key executives
and editorial staff should be resident Indians. With
this, ‘Spectator’ becomes the second periodical in the news and current
affairs category to get clearance under the liberalized policy, the first being
Forbes India of Digital 18 Media which commenced publication in May this year.
Telegraph
Publications is allowed to enter into financial arrangements (such as royalty
payment arrangements, etc.) with the owners of the foreign magazines subject to
the rules and regulations issued on the matter from time to time. Telegraph
Publications will have to inform the Information and Broadcasting Ministry within
15 days of effecting any changes in the composition of resident Indian Directors
or key executives and editorial staff. Such a change would be subject to post
facto approval of the Ministry. It
shall be liable to intimate the names and details of any foreigners/NRIs/PIOs
proposed to be employed/engaged in the Entity for more than 60 days in a year,
either as Consultant or as regular employees or in any other capacity. The Entity
shall be liable to dispense with the services of such persons if subsequently
found to be not cleared from security angle. It
will obtain prior clearance from the Ministry of all persons not being resident
Indians who are proposed to be inducted in the Board of Directors/Key Executives/Editorial
Staff of the company. The
Ministry will have to be informed about any subsequent changes in the License
Agreement/Financial Arrangement with the foreign entity for publishing Indian
edition of the foreign magazine. The
Government will have the right to suspend/withdraw/cancel the permission of the
company for a specified period or for whole time, if the conditions specified
in the grant of permission is violated or in public interest or in the interest
of national security, and the periodical will be bound to cease publication if
so directed.
Telegraph Publications shall permit the Government agencies to inspect the facilities
required for publishing Indian edition of foreign magazine, as and when required. Copies
of every issue of the magazine will be sent to Director, Research Reference &
Training Division of the Ministry, and to Director (IP) in the Ministry so as
to reach within a week of their publication. | 
