24 October , 2020 Fdiindia
FDI in Digital News Becoming the New Talk of the Town
Digital news media associations were gotten off guard week, on account of an explanation by Ministry of Commerce on unfamiliar direct venture strategy in news and current issues. These substances presently have a year to consent to the most recent diktat that explains the extent of the FDI strategy.
To recap, until August a year ago, there was no unfamiliar direct speculation strategy for computerized media. That changed when the administration chose to allow 26?I under endorsement course for transferring/spilling of news and current issues through Digital media, on the lines of print media. TV news media then again has a 49?I edge. Around then, the phrasing of the arrangement had brought up numerous issues concerning the extent of elements looked to be secured.
Friday’s clarification by the Department for Promotion of Industry and Internal Trade has answered all these in the affirmative. It has said that the FDI cap will apply to all Indian entities, registered or located in India if they are:
What that clarifies is this new FDI strategy applies to