Centre clears amendments in FM radio norms

The government has approved the proposed amendments in its policy guidelines for private FM radio stations, aiming to pave the way for their expansion in smaller cities. The key amendment of lowering the financial eligibility criteria will now allow participation of companies with net worth of just Rs 1 crore, in place of Rs 1.5 crore earlier, in biddings for ‘C’ and ‘D’ category cities.

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