MIB requests compliance of policy on FDI in digital media within a month

Information and Broadcasting Ministry has requested compliance of policy on FDI in digital media within a month.

Daily Current Affairs Quiz 2020

Key-Points

The Ministry issued a public notice to facilitate eligible entities involved in uploading and streaming of news and current affairs through digital media, to comply with the decision of Government, which had permitted 26 per cent FDI under Government approval route.

The entities having foreign investment below 26 per cent may furnish intimation to the Ministry of Information and Broadcasting within one month.

Any entity which intends to bring fresh foreign investment in the country has to seek prior approval of the Central Government, through the Foreign Investment Facilitation Portal of DPIIT.

Every entity has to comply with the requirements of citizenship of Board of Directors and of the Chief Executive Officers.