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Digital media outlets must bring down FDI to 26% by Oct 2021: Centre

The Ministry has laid out the detailed actions to be undertaken by eligible entities to comply with this decision, within a month

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Photo for representational purpose

Photo for representational purpose

The central government on Monday asked digital news media outlets to comply with conditions that make them eligible for 26 per cent FDI (foreign direct investment) approved by the Union Cabinet last year.

"Ministry of Information and Broadcasting has today 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 of Union Government on September 18, 2019, which had permitted 26 per cent FDI under Government approval route," the ministry said in a release.

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