|
The foreign investment cap under non-news category has been enhanced from 74 percent to 100 percent in the case of Indian entities publishing scientific/ technical/specialty magazines / periodicals/ journals.
In case where both FDI and FII investment is envisaged, the applicant may approach the FIPB/ RBI for clearance after obtaining the No Objection Certificate (NOC) from the Ministry of I&B. In cases involving only portfolio investment, the applicant may approach RBI for further clearance, if any, after obtaining NOC from the Ministry of I&B.
Guidelines of the Ministry of Finance on FDI and portfolio investment would apply. All cases involving foreign investment shall be handled by the prescribed agencies, viz. FDI on the government approval route through the mechanism of the FIPB and portfolio investment by the RBI.
Title verification shall continue to be done by the Press Registrar as per the existing procedure.
RS/KD
|
