Govt says no to FDI hike in media without a level-playing field

Economy Bureau

Posted: Thursday, Jan 03, 2008 at 0000 hrs IST
Updated: Wednesday, Jan 02, 2008 at 2240 hrs IST


Font Size

Print

Feedback

Email

Discuss

Kolkata, Jan 2: The government wants to ensure that there is a level-playing field for all the media houses, especially the smaller ones, before it raises the foreign direct investment (FDI) limit, currently at 26%.

Information and broadcasting minister Priya Ranjan Dasmunshi said there is pressure from large media houses to increase the FDI limit but, “without a level-playing field it will benefit only a few and not the smaller ones.”

He said that increasing FDI limit in media is not a matter for the I&B ministry but of a government policy. The government is holding discussions with various stake- holders and would take decision after it is convinced that a larger FDI limit would not adversely affect the smaller media houses.

Dasmunshi said that a prominent national television channel was evading taxes worth thousands of crores of rupees by downlinking the feed to Hong Kong and then transmitting it back to India. “The government would shortly take care of this,” Dasmunshi said.

He said that the present mechanism for television rating point (TRP) was not transparent and it did not take into

account the rural viewer-ship. For this channels are improperly rated.

The ministry has already held two rounds of discussion on this issue with various media houses and is slated to hold another round later this month to formulate a proper mechanism for TRP rating.

More from Economy

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)
Name
Message
Email ID
Subject
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Comments
Flowers & Cakes DeliveryExpress Classifieds
Post and view free classifieds ad
Express Astrology
Know what's in the stars for you