Tag: Radio FM

  • Radio FM Phase III applicants can get 49 per cent FDI after FIPB clearance

    Radio FM Phase III applicants can get 49 per cent FDI after FIPB clearance

    NEW DELHI: Applicants in Phase III of FM Radio will be able to attract foreign direct investment, but the total direct and indirect investment including portfolio and FDI into the company will not exceed 49 per cent at the time of application and currency of licence.

    In an announcement today, the Government said the company would be required the status of such foreign holding and it will have to certify that it is within 49 per cent on a yearly basis.

    It was also clarified that any investment will have to be with the approval of the Foreign Investments Promotion Board.

    The calculation of the direct or indirect foreign investments will be as per extant policy of the government.

    This has been done today by an amendent in the Policy Guidelines for Phase III announced on 24 November last year.

    While announcing a relaxation on FDI in the electronic media on 20 June 2016, the Government had not referred to radio.

    For more information click here:

  • Radio FM Phase III applicants can get 49 per cent FDI after FIPB clearance

    Radio FM Phase III applicants can get 49 per cent FDI after FIPB clearance

    NEW DELHI: Applicants in Phase III of FM Radio will be able to attract foreign direct investment, but the total direct and indirect investment including portfolio and FDI into the company will not exceed 49 per cent at the time of application and currency of licence.

    In an announcement today, the Government said the company would be required the status of such foreign holding and it will have to certify that it is within 49 per cent on a yearly basis.

    It was also clarified that any investment will have to be with the approval of the Foreign Investments Promotion Board.

    The calculation of the direct or indirect foreign investments will be as per extant policy of the government.

    This has been done today by an amendent in the Policy Guidelines for Phase III announced on 24 November last year.

    While announcing a relaxation on FDI in the electronic media on 20 June 2016, the Government had not referred to radio.

    For more information click here:

  • Calculate FM migration fee on reserve price for cities with no bids: TDSAT

    NEW DELHI: The Information and Broadcasting (I&B) Ministry was today directed to take the reserve price as the bid amount for computation of the non-refundable One Time Migration Fee (NOTMF) for migrating from Phase II to Phase III of Radio FM in cities where no successful bids had come in the recent e-auction.

     

    According to the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), all FM channels of Phase II in these cities, which had applied for migration to Phase III will pay this amount within three working days of receiving the computed figure.

     

    Stressing that this was only an interim measure, TDSAT chairman Aftab Alam and members Kuldip Singh and B B Srivastava made it clear that in case the petition failed, the applicants would have to payment the balance of the NOTMF with interest within the date specified by the Tribunal.

     

    Listing the matter for further hearing on 26 November, the Tribunal asked the Ministry represented by counsel Rajeev Sharma to file its reply by 13 November and the petitioner – Association of Radio Operators in India (AROI) represented by counsel Abhishek Malhotra – to file rejoinder – if any – by 20 November.

     

    The Tribunal had yesterday extended the last date of payment of 75 per cent balance of NOTMF till today.

     

    AROI has challenged the criteria for NOTMF for migrating from Phase II to Phase III of Radio FM.

     

    The primary plea of AROI is that the I&B Ministry is charging very high fee for smaller cities for NOTMF.

     

    During arguments, Malhotra said that the plea taken by the Ministry for the cities, which were put up for auction but failed to get successful bids was erroneous. The Ministry had reiterated the plea of the Telecom Regulatory Authority of India (TRAI) that the final prices for allocation of channels in such cities have not been determined.

     

    Malhotra said that existing Phase II FM operators in these cities who wanted to migrate had to be told the NOTMF they could pay for migration.

     

    Earlier in a letter to I&B secretary Sunil Arora, TRAI secretary Sudhir Gupta rejected the plea of AROI in this regard with regard to ten cities for which no bids had come in the recent e-auctions.

     

    Gupta said the AROI had in its representation “assumed zero percent increase in reserve prices for 10 group Z cities where auction was unsuccessful as no bids were received. This assumption of AROI is not tenable as the final prices for allocation of channels in such cities have not been determined.”

     

    He added that AROI had indicated another two concerns in respect of calculation of NOTMF by the Ministry. In the first case wherein example of Shimla is given by AROI, the methodology followed by MIB is in line with TRAI’s recommendations of 20 February, 2014, as this has been explained in an example given in a table of TRAI’s recommendations on “Migration of FM Radio Broadcasters from Phase-11 to Phase-III” dated 20 February, 2014.

     

    Accordingly, the request of AROI for review of NOTMF on this ground is not acceptable, Gupta said.

     

    The letter was in response to a letter from the Ministry of 8 October wherein the Ministry has sought TRAI’s comments on the methodology used by I&B Ministry for calculation of NOTMF for existing cities and to confirm whether it has done calculation of city wise NOTMF in accordance with the TRAI’s recommendations of 20 February, 2014.

     

    Gupta said TRAI had examined the methodology of calculation of NOTMF followed by the Ministry for group X, Y and Z cities. “The methodology followed by the Ministry for calculation of NOTMF is in accordance with TRAI’s recommendations dated 20 February, 2014.”

  • ZenithOptimedia, Mindshare get top ad awards at India Radio Forum

    ZenithOptimedia, Mindshare get top ad awards at India Radio Forum

    NEW DELHI: The radio spot for ‘Nescafe Mornings on Red FM’ by ZenithOptimedia won the award for best Use of Music/Song/Jingle by an Advertiser at the  recently held India Radio Forum in the capital.

     

    Mindshare won awards for Most Effective Use of Radio in an Activation Campaign with ‘Close Up Come Fall In Love – Valentines Day Activity’ and Most Outstanding Use of Radio in an Ad Campaign for ‘India’s Favourite Non-Sporting Game’ (Antakshri).

     

    Reliance Life Insurance Co won the best CSR initiative from an advertiser on radio with ‘Greatest Fan’.

     

    Meanwhile, Mindshare got the award for India’s Favourite Non-Sporting Game (Antakshri) for participants Virendra Bapardekar, Priya Chanda and Salil Mahadeshwar in the Radio Pitch Challenge held during the day of the Forum.

     

    ZenithOptimedia was runner-up in this category with Lavanya Tagra and Aditya Singh taking part.

     

    Both won prizes from Big FM, Red FM and Radio Mirchi. These awards were decided immediately after the Radio Pitch Challenge on the spot by a jury.

     

    However, the winning team Mindshare walked away with the gold trophy and three tickets worth over Rs 170,000 to the 2014 Singapore Formula 1 Grand Prix.