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ITV ownership rules not to change: Ofcom
MUMBAI: There will be no changes in the ownership rules affecting UK’s principal independent broadcaster ITV, UK broadcast sector regulator Ofcom said.
According to the prevalent rules a newspaper group with more than a fifth of national newspaper share cannot hold a Channel 3 licence or a stake in a Channel 3 licensee that is greater than 2 per cent. Also, certain persons are disqualified from holding broadcast licences generally while certain others are not allowed to hold certain kinds of broadcast licences. The rules also say that some persons may hold broadcast licences only if Ofcom has determined that it is appropriate for them to do so.
It is Ofcom’s resposibilty to ensure that regional Channel 3 licensees broadcast news programmes nationally which are able to compete effectively with other national television news, by requiring them to appoint a single news provider between them. Persons who would be disqualified from holding a Channel 3 licence are also disqualified from being the Channel 3 appointed news provider.
Ofcom also has a statutory duty to review the media ownership rules regularly and counsel for any change to the UK Secretary of State.
Ofcom said that the wider public policy debate about media ownership is ongoing and believes that any recommendations it makes will need to be considered in light of any changes to the legislative and policy framework. According to the regulatory body, it has neither observed any Parliamentary policy rationale nor any shift in the market context in which they operate for existing rules to be changed.
In a statement, the regulator said, “Our advice on measuring media plurality set out that it is for Parliament to decide if and when this rule should be modified or removed and that the conclusion of the first periodic review of plurality is likely to provide greater certainty than is currently available. As such, we do not recommend any changes to this rule in this review.”
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JioFinance rolls out multi-bank fixed deposit platform
Users can compare, invest and track fixed deposits across issuers in one place
MUMBAI: The JioFinance app has launched a unified platform allowing users to compare, invest in and track fixed deposits offered by multiple banks and non-banking financial companies, sharpening its push to become a one-stop destination for digital financial services.
The new feature aggregates fixed deposits from a range of issuers, including small finance banks and NBFCs, enabling customers to filter options by interest rate and tenure and complete the entire investment journey digitally.
Interest rates on the platform go up to 8.15 per cent per annum, with users able to view tenure, tax treatment, lock-in conditions and premature withdrawal terms before investing. Once booked, deposits can be monitored through a consolidated dashboard that tracks returns, maturity dates and renewal reminders.
Jio Finance Platform and Service Limited chief executive officer Surbhe S Sharma, said the offering addresses a long-standing pain point for savers, who often struggle to compare issuers and manage deposits spread across institutions.
Fixed deposits remain one of India’s most popular savings products, and the company is betting that transparency and ease of use will draw users seeking stable, low-risk returns.
The FD marketplace on the JioFinance app is powered by Blostem Fintech Private Limited, which operates as a business correspondent and technical service provider to partner banks and NBFCs.
