New Delhi, Oct 4 (UNI) The Union Government has approved the amendments of certain provisions contained in the policy on private FM radio, removing the three year window required for restructuring of FM Radio permissions within the same management group during the license period of 15 years.
Government said the decision to change Policy Guidelines on Expansion of FM Radio Broadcasting Services through Private Agencies (Phase-III), referred as Private FM Phase-III Policy Guidelines, was taken in the last Cabinet meeting chaired by Prime Minister Narendra Modi.
"Government has decided to remove the 3-year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years. Government has also accepted the long pending demand of the radio industry to remove the 15 percent National cap on channel holding," an official statement said.