The federal government has accepted amendments of sure provisions contained within the coverage pointers on enlargement of FM radio broadcasting providers by means of non-public businesses (Section-III), known as non-public FM phase-III coverage pointers.
An announcement issued on this regard on Tuesday mentioned the choice was taken within the final Cupboard assembly chaired by Prime Minister Narendra Modi.
The assertion mentioned the federal government has determined to take away the three-year window interval for restructuring of FM radio permissions inside the identical administration group throughout the licence interval of 15 years.
The federal government has additionally accepted the lengthy pending demand of the radio business to take away the 15% nationwide cap on channel holding. Additional, with the simplification of monetary 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 non-public FM radio business to completely leverage the economies of scale and pave the way in which for additional enlargement of FM radio and leisure to Tier-III cities within the nation. This is not going to solely create new employment alternatives but in addition make sure that music and leisure over the FTA (Free to Air) radio media is obtainable 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.