New Delhi: In order to deter non-serious applicants from "crowding the electronic media landscape", the government today decided to increase the net worth criteria for those seeking permission to run TV channels in the country.
The union cabinet cleared an I & B Ministry proposal as per which the net worth criteria for uplinking of 'Non-News and current affairs' channels and downlinking of foreign channels has been revised from Rs 1.5 crore to Rs 5 crore for the first channel.
Companies will have to show an additional net worth of Rs 2.5 crore for each additional channel, an official release said.
The net worth criteria for uplinking of 'Non-News and current affairs' channels has been revised to Rs 5 crore.
For uplinking of 'News and Current Affairs' channels the net worth has been increased from Rs 3 crore to Rs 20 crore for the first channel and Rs 5 crore for each additional channel.
Companies would henceforth be required to operationalise new TV channels within a time frame of one year from the date of permission, the release said.
In the event of non-operationalisation of the permitted channel within a year, the Performance Bank Guarantee (PBG) will be forfeited and permission cancelled.
For non-news and current affairs channels, companies will have to sign a PBG of Rs 1 crore whereas news and current affairs channels will have to pledge a PBG for Rs 2 crore.
Aspiring companies should also have at least one person occupying a top management position like Chairperson, CEO or COO with a minimum 3 years media experience to seek permission for a new channel.
The period of uplinking or downlinking of channels will be uniform at 10 years, after which renewal would be considered, the release said.
For teleports, the net worth criteria would be uniform irrespective of channel capacity. The net worth criteria would remain Rs 3 crore for the first teleport and Rs1 crore for every additional teleport.
Permission fee for uplinking or downlinking of TV channels and setting up of teleports would be Rs 2 lakh per channel or teleport per annum.
The permission fee for downlinking of TV channels uplinked from India would be Rs 5 lakh per channel per annum. Permission fee for downlinking of TV channels uplinked from abroad would be Rs 15 lakh per channel per annum.
These amendments were proposed based on an extensive consultation with TRAI, the press release said.
Currently, the I & B Ministry has granted permission to 745 private satellite TV channels, out of which 366 TV channels fall in the category of news and current affairs and 379 in the category of non-news and current affairs.
I am thankful to PM for nominating me in 'Swachh Bharat Abhiyaan': Kapil Sharma
Assam violence: No talks with NDFB (S), says Rajnath Singh
J&K: Amit Shah authorised to take final call on state government formation, Omar denies deal with BJP