Government amends provisions for FM broadcasting

New Delhi: The government on Tuesday approved amendments to policy guidelines for the expansion of private FM radio stations by simplifying financial eligibility standards to allow participation of companies with a net worth of 1 crore in the bidding process for category ‘C’ and ‘D’ cities.

The decision was taken at the latest Cabinet meeting chaired by Prime Minister Narendra Modi.

In accordance with the amendments, the government decided to remove the three-year window period for the restructuring of FM radio licenses within the same management group during the 15-year license period.

The government has also agreed to the radio industry‘s long-standing demand to remove the national 15% cap on channel ownership.

According to the I&B Ministry, these three amendments together will help the private FM radio industry take full advantage of economies of scale and pave the way for further expansion of FM radio and entertainment in Tier 3 cities nationwide. .

“This will not only create new employment opportunities, but will also ensure that music and entertainment on free-to-air radio (FTA) media is accessible to the common man in the most remote corners of the country,” said- he added.

To improve the ease of doing business in the country, the government has focused on simplifying and streamlining the existing rules to make governance more effective and efficient so that its benefits reach the common man.

(PTI contributed to the story)

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