No FDI cap raise in newspapers |
The government of India has decided not to raise the foreign direct investment limit on newspapers and periodicals to 49 per cent from 26 per cent.Currently, the FDI policy permits 26 per cent foreign direct investment in publishing of newspapers and periodicals dealing with news and current affairs via approval route.The issue of relaxing FDI policy in print media has been pending for long.The Department of Economic Affairs (DEA) had recently asked the Department of Industrial Policy and Promotion (DIPP) to have a look at the proposal.The DIPP said a "considered view" was taken against increasing the FDI cap in print media sector.
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