In what will be phase 3 of the country's FM expansion plan, the government expects an income of Rs 1,733 crore from the auction of the new channels. It has also approved raising the foreign direct investment (FDI) in radio to 26% from 20%. Asheesh Chatterjee, the CFO of Reliance Broadcast welcomes this move.
first published: Jul 7, 2011 02:59 pm
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