2 min read.Updated: 16 Oct 2020, 09:59 PM ISTLata Jha
Last year, the Union Cabinet had approved 26% FDI in digital media
In a clarification to its earlier Press Note regarding 26% foreign direct investment through the government route in digital news sites, ministry of information and broadcasting has said that it will consider benefits, presently available to traditional media such as print and television, to digital media entities too. The digital entity, in this case, would have to adhere to conditions like majority of directors on the board and its chief executive officer being Indian citizens and obtaining security clearance for foreign personnel deployed for more than 60 days by way of appointment, consultancy or contract. In case the foreign personnel is denied clearance or the same is withdrawn, the media outlet should make sure they resign or their services are terminated.
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