Comply with FDI policy within one month: I&B notice for online platforms

The Union Ministry of Information and Broadcasting issued a public notice on Monday for online news platforms to comply with certain conditions within a month. The conditions require the online news platforms with even less than 26 per cent foreign direct investment (FDI) to share details of their shareholding, directors and promoters within a month.

The decision comes a week after the government had put news and entertainment online platforms under the purview of the I&B Ministry. The government had allowed 26 per cent FDI in online news platforms last year and had issued detailed guidelines in September.

The I&B Ministry said in a statement that it issued a public notice “to facilitate eligible entities involved in uploading/streaming of news and current affairs through digital media, to comply with the decision” regarding the FDI.