Seeking inputs on allowing 100 pct FDI in news media: Prakash Javadekar

Jun 01 2014, 00:54 IST
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On the issue of paid news, Javadekar said a meeting of council of ministers will be held shortly to discuss the matter. PTI On the issue of paid news, Javadekar said a meeting of council of ministers will be held shortly to discuss the matter. PTI
SummaryCurrently, FDI is allowed only up to 26 per cent in news and current affairs media.

dozen private FM channels that are operational in the country at present, many of them owned by established media houses.

The government is in favour of getting the remaining part of the digitisation of TV cables completed through the domestically manufactured set-top boxes (STB), rather than depending on the neighbouring country China for the same, he said.

According to the minister, digitisation of four crore TV sets across the country has already been completed so far. However, for the completion of the remaining part of digitisation of 11.5 crore TV sets in the country comprising phase III and phase IV, we want to get the same done domestically, he said.

"It will help serve two purposes. While it will generate more employment, it will also ensure that the STBs get repaired in case or their becoming out of order", said he.

Javadekar said he would discuss the topic with the Finance and Commerce ministers next week.

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