Expert Panel On FM Radio Asked To Submit Its Report By Sept 30

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The government has asked the expert committee on FM radio to submit its
report by September 30. The committee headed by Federation of Indian
Chambers of Commerce and Industry (Ficci) secretary general, Amit Mitra, is
finalising the report for the second phase of private FM radio. Among other
things, the panel is looking at the option of allowing foreign direct
investment (FDI) in FM radio, according to highly placed sources. Currently,
only up to 20 per cent foreign institutional investment is permitted in a
private FM venture.

Besides FDI, another significant issue under consideration for the sector is
allowing news and current affairs in private FM radio, said a committee
member. So far, only non-news content can be telecast on private FM. With
licencees protesting against this norm, government may review the non-news
clause, it has been indicated. 

Source:
http://www.financialexpress.com/fe_full_story.php?content_id=41726