New Delhi, Oct 7: In order to deter non-serious applicants from “crowding the electronic media landscape”, the government today decided to increase the net worth criteria for those seeking permission to run TV channels in the country.
The union cabinet cleared an I & B Ministry proposal as per which the net worth criteria for uplinking of ‘Non-News and current affairs’ channels and downlinking of foreign channels has been revised from Rs.1.5 crores to Rs. 5 crores for the first channel.
Companies will have to show an additional net worth of Rs. 2.5 crores for each additional channel, an official release said.
From: http://ping.fm/x7Iuo
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