The federal government has authorized amendments of sure provisions contained within the coverage pointers on growth of FM radio broadcasting companies via personal companies (Section-III), known as personal FM phase-III coverage pointers.
A press release issued on this regard on Tuesday stated the choice was taken within the final Cupboard assembly chaired by Prime Minister Narendra Modi.
The assertion stated the federal government has determined to take away the three-year window interval for restructuring of FM radio permissions throughout the similar administration group through the licence interval of 15 years.
The federal government has additionally accepted the lengthy pending demand of the radio trade to take away the 15% nationwide cap on channel holding. Additional, with the simplification of economic eligibility norms in FM radio coverage, an applicant firm can now take part in bidding for ‘C’ and ‘D’ class cities with a internet value of simply Rs1 crore instead of Rs1.5 crore earlier.
These three amendments collectively will assist personal FM radio trade to completely leverage the economies of scale and pave the way in which for additional growth of FM radio and leisure to Tier-III cities within the nation. This is not going to solely create new employment alternatives but additionally be certain that music and leisure over the FTA (Free to Air) radio media is on the market to the widespread man within the remotest corners of the nation.
To enhance ‘ease of Doing Enterprise within the nation, the emphasis of the Authorities has been on simplification and rationalization of the prevailing guidelines to make governance extra environment friendly and efficient in order that its advantages attain the widespread man.