Sunday, June 15, 2008

Centre raises FDI cap for radio channels

Chetan Chauhan, Hindustan Times
New Delhi, June 14, 2008
The government has decided to free the groups or holding companies owning FM radio channels from the current 24 per cent foreign direct investment (FDI) cap across sectors. The companies will have to register the FM channels as separate companies to avail of higher FDI ceilings for other sectors.
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