Permit denied for FDI hike in news channels by Soni

Recently in Parliament the topic of discussion was ' Increment in Foreign Direct Investment (FDI) limit for the benefit of news and current affairs channel.

The increment in FDI limit was been demanded from the present 26 per cent to 49 per cent, by the Telecom Regulatory Authority of India.

The Information and Broadcasting Minister Ambika Soni said "No' to the demand and further said, "We are sensitive about it, we do not want too much of foreign investment in print, electronic media or radio."