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The Foreign Hand

The Foreign Hand
outlookindia.com
-0001-11-30T00:00:00+0553
Highlights
  • Up to 26 per cent FDI in newspapers and newsmagazines

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

Safeguards
  • 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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