NEW DELHI: The Government has permitted TV Vision Ltd, Mumbai, to bring in Rs 2 billion by way of FDI/NRI inflows for induction of foreign investment by way of issue of equity shares through an initial public offering (IPO) to undertake the business of broadcasting a non-news and current affairs TV channel. TV Vision already operates music channel Mastiii.

Meanwhile, based on the recommendations of the Foreign Investment Promotion Board (FIPB), the Finance Ministry rejected an application by UT Starcom India Telecom to undertake additional activity related to the telecom and Information and Broadcasting sectors.

A proposal by Springer India to increase foreign equity up to 100 per cent to carry out the business of publishing and re-printing of scientific, technical, medical and other no-fiction books in electronic and printed forms in any language was also rejected.

The Ministry turned down the application of Springer Editorial Services to increase foreign equity up to 100 per cent to carry on the business of publishing services, content, development, content management, content outsourcing, providing a comprehensive service including data conversion, editorial services, pre-press, pre-media services, digital communication services, data based management, digitisation services and data based engineering

Omnimedia SL was asked to approach the Information and Broadcasting Ministry for amendment of Clause 2 of the FC approval to undertake the business of publishing/ printing of scientific and technical magazines/ specialty journals/ periodicals in the name and style of ?Energetica-India? and circulation of its digital version. This will not involve any additional inflow.

The consideration of several applications in the realm of information and broadcasting were deferred. These include one by Oxigen Services (India) Pvt. Ltd., Gurgaon, ex-post-facto for induction of foreign investment to carry out the business of providing B2B services like mobile, direct-to-home TV, and broadband recharges.

A proposal by Alliance Data Pte. Ltd, Singapore, for undertaking the additional of publishing and printing an Indian edition of a foreign specialty magazine was deferred.

Another proposal deferred was that of Packt Publishing, Mumbai, for induction of foreign equity to carry out the business of writing, editing, summarising, compiling, printing, publishing, exporting or importing books pertaining to areas like information technology.

A proposal by Fine Publishing India for induction of foreign equity to carry out the business of publishing specialty technical magazines covering the subject of wine and champagne was deferred.

Another proposal deferred was that of Reed Elsevier India for publishing and co-publishing research journals in or outside India in any media.TV Vision already operates music channel Mastiii.

Meanwhile, based on the recommendations of the Foreign Investment Promotion Board (FIPB), the Finance Ministry rejected an application by UT Starcom India Telecom to undertake additional activity related to the telecom and Information and Broadcasting sectors.

A proposal by Springer India to increase foreign equity up to 100 per cent to carry out the business of publishing and re-printing of scientific, technical, medical and other no-fiction books in electronic and printed forms in any language was also rejected.

The Ministry turned down the application of Springer Editorial Services to increase foreign equity up to 100 per cent to carry on the business of publishing services, content, development, content management, content outsourcing, providing a comprehensive service including data conversion, editorial services, pre-press, pre-media services, digital communication services, data based management, digitisation services and data based engineering

Omnimedia SL was asked to approach the Information and Broadcasting Ministry for amendment of Clause 2 of the FC approval to undertake the business of publishing/ printing of scientific and technical magazines/ specialty journals/ periodicals in the name and style of ?Energetica-India? and circulation of its digital version. This will not involve any additional inflow.

The consideration of several applications in the realm of information and broadcasting were deferred. These include one by Oxigen Services (India) Pvt. Ltd., Gurgaon, ex-post-facto for induction of foreign investment to carry out the business of providing B2B services like mobile, direct-to-home TV, and broadband recharges.

A proposal by Alliance Data Pte. Ltd, Singapore, for undertaking the additional of publishing and printing an Indian edition of a foreign specialty magazine was deferred.

Another proposal deferred was that of Packt Publishing, Mumbai, for induction of foreign equity to carry out the business of writing, editing, summarising, compiling, printing, publishing, exporting or importing books pertaining to areas like information technology.

A proposal by Fine Publishing India for induction of foreign equity to carry out the business of publishing specialty technical magazines covering the subject of wine and champagne was deferred.

Another proposal deferred was that of Reed Elsevier India for publishing and co-publishing research journals in or outside India in any media.

MUMBAI: President Pratibha Patil gave away the Lokmat sponsored Maharashtrian of the Year awards for 2011 to eight illustrious persons of Maharashtra besides presenting Amitabh Bachchan and Dilip Kumar with the highest honours.

The awards presentation ceremony was presided over by the Governor of Maharashtra K Sankaranarayanan.

While Amitabh Bachchan was presented with the Lokmat Moty Manbindu award, veteran Dilip Kumar was honoured with the Lokmat Jeevan Gaurav (Lifetime Achievement) award for their valuable contributions to the world of cinema and entertainment. Both received a trophy, a citation and Rs 500,000 each.

Besides, eight other people who received the Maharashtrian of the Year awards for significant work and service in various areas were Paromita Goswami from Nagpur for Social Service and Public Service; Himmatrao Bavaskar from Mumbai for Science and Technology; Raju Shetty from Kolhapur for Politics; Hanmant Gaikwad from Pune for Business; Bandopant Rakhmaji Khedkar from Pune for Art; Kishor Kadam from Mumbai for Literature; Veerdhawal Khade from Kolhapur for Sports and Sheikh Nasir-Sheikh Niyaz from Nashik for Entertainment.

The winners received an individual citation, a trophy and a cheque for Rs 100,000 as a token of Lokmat Media?s appreciation of their immense contribution to the progress of Maharashtra.

Lokmat Media chairman and Rajya Sabha MP Vijay Jawaharlal Darda said, "The winners represent the best spirit of selfless and dedicated service to our glorious state, and truly deserve to be saluted with Jai Maharashtrian.

"I am confident that receiving this high award from the Her Excellency Pratibha Patil, the President of India, will inspire them immensely, and will also encourage others to emulate them."

He thanked the President for having graced the occasion as chief guest. Darda also thanked the state governor for having presided over the awards function.