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Nod For Foreign Equity In Ndtv Channel

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Our Corporate Bureau BUSINESS STANDARD

The Union Information and Broadcasting Minister Sushma Swaraj, today said the government had approved the proposal of New Delhi Television Ltd (NDTV) to start a 24-hour news channel with a foreign equity component of 16.47 per cent, while the application of Star News Broadcasting is still under process.

Swaraj told Rajya Sabha that while NDTV's proposal was cleared in June2002, Star's proposal for starting a 24-hour news channel, also to be uplinked from the country, was still under process.

This is the second project by Star TV that is awaiting government approval, the first being the direct-to-home (DTH) operation in the country.

 

The government is yet to clear the proposal to start the direct-to-home operation that was submitted in April this year.

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First Published: Dec 10 2002 | 12:00 AM IST

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