(23 April 2008 4:30 pm)

NEW DELHI: The Telecom Regulatory Authority of India has been asked to give its recommendations on foreign investment limits for various segments of broadcasting and telecom, particularly in view of its view that there was need for a review to bring about consistency and likely convergence of the two sectors.

Information and Broadcasting Minister Priyaranjan Dasmunsi told Parliament that there is no proposal for increase in the ceiling of 26 per cent FDI in print media, in the news and current affairs sector. At present, 100 per cent FDI is allowed in specialty sector and 26 per cent FDI in news and current affairs sector in the print media.

He said the policy of FDI in the broadcasting sector is reviewed on a continuous basis by Department of Industrial Policy and Promotion, with a view to rationalizing/liberalizing and simplifying procedures.

He told Parliament that a Cabinet Committee on Economic Affairs note on rationalization of FDI policy for Broadcasting and Telecom Sectors has also been circulated by the Department of Industrial Policy and Promotion for consultation with the concerned Ministries before placing it before CCEA for approval.

The existing foreign investment limits for different segments that may be retained or revised, are: