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    <title>TRAI issues recommendations on “Reserve Prices for auction of FM Radio channels in new cities”</title>
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    <description>TRAI recommends that valuation for FM channels in 253 new cities be the simple mean of three approaches based on population, per capita GSDP, FM listenership and per capita gross revenue, and that the reserve price for each such city be fixed at 80% of that valuation; for 11 border cities with population below 1 lakh a fixed reserve price as approved in Phase III policy is applied.</description>
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