Centre seeks stakeholders’ views on 100% FDI in media

Mumbai: Union information and broadcasting minister Prakash Javadekar on Sunday said his ministry is seeking inputs from various stakeholders on whether to allow 100 per cent FDI in news media. “The Centre is currently busy collecting views of various stakeholders in connection with the issue of allowing 100 percent FDI in news media,” Mr Javadekar said.

“We want to take the views of all the stakeholders before we take a final decision if we should give a go-ahead for the 100 per cent FDI in news media. We are not in a hurry to go for the same,” he added. Currently, FDI is allowed only up to 26 per cent in news and current affairs media, while 100 percent FDI is allowed in non-news media like a trade publication and entertainment.