Highlights of new FM radio policy

July 7th, 2011 - 6:59 pm ICT by IANS  

Highlights of the new policy on FM radio channels:

– FM radio expected to cover over 300 cities with 839 new channels

– FM channels to be allowed to carry news from All India Radio

– These will be allowed to broadcast information regarding employment opportunities, health alerts and other public announcements

– Government expected to earn Rs.1,733 crore from auction

– Foreign investment limit raised to 20 percent to 26 percent

- Private operators can own more than one channel but not more than 40 percent of the total channels in a city and subject to a minimum of three different operators in the city

– Lock-in period of promoter shareholding reduced to 3 years from the current 5 years

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