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of <h1>BBC World Service India and Directors Fined for Exceeding FDI Limits in Violation of FEMA Regulations</h1> The Enforcement Directorate imposed a penalty exceeding Rs 3.44 crore on BBC World Service India for violating foreign direct investment (FDI) regulations. Additionally, three directors were fined over Rs 1.14 crore each under the Foreign Exchange Management Act (FEMA). The proceedings followed a show-cause notice issued in August 2023, highlighting the company's failure to reduce its FDI to the mandated 26 percent for digital media, maintaining it at 100 percent instead. This contravened the regulations outlined by the Department for Promotion of Industry and Internal Trade in 2019.
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