Centre clears amendments in FM radio norms | India News

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NEW DELHI: The government has approved the proposed amendments in its policy guidelines for private FM radio stations, aiming to pave the way for their expansion in smaller cities. The key amendment of lowering the financial eligibility criteria will now allow participation of companies with net worth of just Rs 1 crore, in place of Rs 1.5 crore earlier, in biddings for ‘C’ and ‘D’ category cities.
Besides, the government has decided to remove the three-year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years. It has also accepted the long pending demand of the radio industry to remove the 15% national cap on channel holding.
The decisions to amend the Policy Guidelines on Expansion of FM Radio Broadcasting Services through Private Agencies (Phase-III) were taken in the cabinet meeting, chaired by…

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