Foreign investment in Print Media dealing with news and current affairs.
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..... On a review of the extant policy on Foreign Direct Investment, Government of India has decided to allow foreign investment in publication of facsimile edition of foreign newspapers and Indian edition of foreign magazines dealing with news and current affairs as under. 2. Policy for foreign direct investment (FDI) in publication of facsimile edition of foreign newspapers 2.1F....
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....oreign investment in publication of Indian editions of foreign magazines dealing with news and current affairs. 3.1 Foreign investment, including FDI and investment by NRIs/PIOs/FII, up to 26%, is permitted with prior approval of the Government. 3.2 'Magazine', for the purpose of these guidelines, will be defined as a periodical publication, brought out on non-daily basis, containing public ....
TaxTMI