August 04, 2020
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The Foreign Hand

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The Foreign Hand
  • Up to 26 per cent FDI in newspapers and newsmagazines

  • Up to 74 per cent FDI in non-news publications

  • Majority shareholders accepting FDI must be resident Indians. Should hold more than 26 per cent share.

  • Three-quarters of the board members of a company accepting FDI must be resident Indians

  • MD must be resident Indian

  • Key posts on editorial boards should be with resident Indians

  • Credentials of foreign investor subject to verification of home, I&B ministries

  • Prior permission of I&B ministry for change in shareholding pattern
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