Foreign Minister’s Special Amendment: The government approves amendments to the third phase guidelines for facilities management

The Center has simplified the financial eligibility requirements in the policy guidelines for the expansion of private FM radio stations, allowing companies with a net worth of Rs 1 crore to participate in the bidding process for Class ‘C’ and ‘D’ cities.

The three amendments to the Policy Guidelines on Expansion of FM Radio Broadcasting Services through Private Agencies (Phase III) together will help the private FM radio industry to take full advantage of economies of scale and pave the way for further expansion of FM radio and entertainment to the third tier cities. in the country.

The decision, taken by the Federal Cabinet at a meeting chaired by Prime Minister Narendra Modi last week, also decided to scrap the three-year period for restructuring FM radio permissions within the same administrative group during the 15-year license period.

In a cabinet meeting chaired by Prime Minister Modi, the Federal Cabinet also decided to scrap the three-year period to restructure FM radio permissions within the same management group during the 15-year license period.

The official statement added that the government has also accepted the radio industry’s long-pending request to remove the 15 percent national cap on channel ownership.

Speaking about the reforms, the President of the Association of Radio Operators of India, Mrs. Anuradha Prasad said: “For this, we at AROI are really grateful to Honorable Minister Shri Anurag Thakur and Secretary Shri Apurva Chandra. After waiting for so many years, the radio industry has finally got this satisfaction.”

“At this time, I would also like to reiterate that the urgent needs of radio broadcasters are. a) rationalization of the annual license fee (ALF) and b) an increase in the 3-year license period, to offset the very disastrous impact of Covid on the radio industry.”

Input from PTI

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