The estimated reserve value has been pegged at Rs 784.87 crore.
New Delhi:
The Union Cupboard on Wednesday authorised a proposal to carry a 3rd batch of ascending e-auctions for 730 channels in 234 new cities below the Personal FM Radio Part III Coverage.
The estimated reserve value has been pegged at Rs 784.87 crore.
Union Data and Broadcasting Minister Ashwini Vaishnaw stated right here that the Cupboard additionally authorised a proposal to cost an annual license price (ALF) for the FM channel as 4 per cent of gross income excluding GST. This might be relevant to 234 new cities/cities.
The personal FM radio rollout in 234 new cities and cities will fulfil the unmet demand for FM radio in these areas which nonetheless stay uncovered by personal FM radio broadcasting and produce new and native content material within the mom tongue, an official assertion stated.
It’s going to result in the creation of latest employment alternatives, increase native dialect and tradition and ‘vocal for native’ initiatives, it underlined.
Most of the authorised cities are in aspirational districts and left-wing-affected areas.
Establishing of personal FM radio in these areas will additional strengthen authorities outreach in these areas, the assertion stated.
(This story has not been edited by EDNBOX employees and is auto-generated from a syndicated feed.)