Highlights of new FM radio policy

By IANS,

Highlights of the new policy on FM radio channels:

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— 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