DPIIT to soon issue clarification on 26 per cent FDI in digital media sector
There are mainly two issues -- how the FDI policy of the sector would treat news aggregators and what would happen to those digital media companies where overseas investment is over 26 per cent -- that need clarification. On these matters, the department is expected to issue clarification soon, a source said.
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DPIIT seeks I&B Ministry's views on issues raised on 26% FDI in digital media sector
Industry players and experts have stated that the move to cap FDI in the sector to 26 per cent throws up questions that need clarifications as some of those who were looking to raise funds could be restricted.
I&B ministry to monitor digital media better
The ministry is scouting for agencies that can look at media reports from newspapers, TVs and digital forums, and prepare “professionally summarised” reports.
Govt to clarify on applicability of FDI policy on digital media: Sources
The present FDI policy is silent on the fast-growing digital media segment.
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Some Indian online news outlets to get impacted due to 26% FDI in digital media
For example, Bengaluru-based subscription-driven digital publication The Ken has already raised more than 26 per cent FDI.
Digital media to reach $5.1 bn by 2021: Report
India has the world's second-highest number of internet users after China, with around 570 million internet subscribers, growing at a rate of 13 per cent annually.
Govt to soon consider relaxing FDI norms in single brand retail, digital media
The govt may consider a proposal of relaxing 30% local sourcing norms by foreign single-brand retailers.
TIW Private Equity buys majority stake in digital marketing firm Digital Refresh Networks for $6 million
This is the first media investment by the Rs 400 crore Indian buyout fund
Demand for teaching jobs witnesses impressive jump: Job site data
The impressive increase could be attributed to the development of digital media which has opened avenues to new roles such as online tutors and e-educators.
Netflix’s budget Indian rival eyes original shows for profits
ALT Digital aims to produce about 60 new web shows through a JV to break even at the net income level.
Short form content in digital media offers opportunities for brands
Interactive content is finding its way into the world of short-form content in a very fascinating manner.
After incentives to perk up economy, red carpet for FDI
It allowed 100% FDI in coal mining & allowed as much in contract manufacturing through automatic route.
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