Opinion | Fuzzy direct investment1 min read 30 Aug 2019, 04:30 PM IST
The government announced that it would permit up to 26% FDI under the 'government route' in digital media companies that upload or stream news or current affairs
As part of its effort to liberalize foreign direct investment (FDI) rules in various sectors, the government announced that it would permit up to 26% FDI under the “government route" in digital media companies that upload or stream news or current affairs. This marks a departure from the existing policy, under which, until now, 26% FDI was allowed in print media firms and 49% FDI in broadcast television companies. Since the FDI policy earlier made no mention of digital media, there was no clarity on how much FDI was allowed in entities that operate solely online. By specifying digital media as a sub-sector, the government has offered some clarity on the matter. Digital news media has the same FDI limit as print media houses.
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