Cabinet approves 100% FDI in DTH services
National
- The Union Cabinet approved revised guidelines for Direct-to-Home (DTH) broadcasting services, allowing 100 per cent foreign direct investment (FDI) as well as increasing the licence period to 20 years.
- Union Minister for Information and Broadcasting (I&B) Prakash Jaavdekar said due to our I&B guidelines, this field was not getting the benefit of 100 per cent FDI. After changing the guidelines, the guidelines will have the same guidelines as the Commerce Ministry and will come under 100 per cent FDI.
- Under the revised guidelines the licenses will be issued for a period of 20 years, compared to 10 years at the moment, and will be renewed for a 10-year period.
Source: The Hindu
Related General Knowledge
Ministry of Information and Broadcasting
- The Ministry of Information and Broadcasting is a ministerial level agency of the Government of India responsible for the formulation and administration of rules, regulations and laws in the areas of information, broadcasting, the press and the Cinema of India.
- Officeholder: Prakash Javadekar (Minister)
- Departments: Films Division of India
- Headquarters: New Delhi
- Jurisdiction: India