Begin typing your search above and press return to search.
India Sets A Cap Of 26 Percent FDI In Digital Media And News Aggregators
By: Tupaki Desk | 17 Oct 2020 11:55 AM GMT
Amid raging borders tensions with dragon country China along the Line of Actual Control (LAC), the center issued key directives on the foreign investment in Digital media, news aggregators, and news agencies.
The Department for Promotion of Industry and Internal Trade (DPIIT) said the foreign investment in news aggregators and agencies that provide information for media outlets should not exceed 26 percent.
The digital media institutions that are located or registered in India should maintain a cap of 26 percent foreign investment. Sources said this brings accountability for the institutions.
These entities should have an Indian citizen as the chief executive officer (CEO). The DPIIT gave one year time for the entities to match the requirements of the shareholders.
The cap on investment results in the interests of Indians getting prominence. The country will also get control over the institutions and fake news can be stopped from spreading.
The Department for Promotion of Industry and Internal Trade (DPIIT) said the foreign investment in news aggregators and agencies that provide information for media outlets should not exceed 26 percent.
The digital media institutions that are located or registered in India should maintain a cap of 26 percent foreign investment. Sources said this brings accountability for the institutions.
These entities should have an Indian citizen as the chief executive officer (CEO). The DPIIT gave one year time for the entities to match the requirements of the shareholders.
The cap on investment results in the interests of Indians getting prominence. The country will also get control over the institutions and fake news can be stopped from spreading.
