NEW DELHI: GETIT Infoservices has been permitted to bring in a sum of Rs 216 crore by way of Foreign Direct Investment (FDI) or Foreign Institutional Investment (FII) to increase foreign equity percentage by way of acquisition/fresh issue of shares to carry out the business of specialty publishing.
 
The Foreign Investments Promotion Board also cleared the proposal by Pilot Ventures Media, New Delhi to bring in Rs 100,000 by way of induction of 100 per cent foreign equity to carry out the business of publishing, marketing and distributing NME music magazine and NME music website

The Finance Ministry announced that it will communicate separately its decision to Hubert Burda Media India which has sought Rs seven crore as WoS of a foreign company to act as an operating-cum-investment company and to make downstream investment in an Indian company engaged in printing and publishing of magazines.

NEW DELHI: Information and Broadcasting minister Manish Tewari has assured that the government is not in favour of regulating media content but a regulatory body is needed on techno-commercial grounds.

Addressing the Fourth CEOs roundtable on broadcast in New Delhi, he said regulation of content in the media space will not come from the executive but through the judicial process.

On TRPs, the minister said the government has been insisting on creation of a body by the industry at the earliest. He said the government is ?more than prepared? if a body is created which will analyse and process data before placing it in the public domain without government intervention in the process.

The minister said the broadcast industry will expand database through digitisation which will increase revenue stream which is skewed.

Tewari also said that there has to be a balance between the evolution of technology and the regulatory architecture. In view of the changes taking place in the broadcasting space, a discussion was necessary within the industry regarding the need of a regulator on techno-commercial grounds.

Referring to the digitisation mechanism, the minister said that all stakeholders need to ensure that they work together for creating an enabling environment. This was critical in view of the consumer being the biggest stakeholder and end-beneficiary.

The government, he said, was aware of the needs of the consumer and desired that the whole process of implementation ought to be done causing the least pain to the biggest beneficiary - the consumer.

Digitisation as a process had to be viewed as a game changer as far as the media landscape in this country was concerned as benefits would accrue to all the stakeholders involved and each played a vital role in the growth of the industry.

NEW DELHI: Television channels are proposed to be brought under the ambit of the Indecent Representation of Women (Prohibition) Act 1986.

The act currently does not cover electronic media. The act as it currently stands prohibits indecent representation of women through advertisements or in publications, writings or paintings and for matters connected therewith or incidental thereto.

Officials in the Women and Child Development Ministry, who did not want to be identified, told indiantelevision.com that the ministry is also proposing to enhance the penal provisions in the act.

The officials clarified that the move to amend the act had nothing to do with the recent incident of gang-rape in New Delhi and the resultant death of the victim.

The officials said the proposed amendments were approved by the Cabinet much earlier for being moved in Parliament as an amendment to the act.