Indian b’cast reg calls for equity cap

New policy outlines 20% foreign ceiling on all b'casting

NEW DELHI — The Indian information and broadcasting board has once again struck down Rupert Murdoch’s Indian ambitions.

The new broadcasting policy to be cleared by India’s parliament in November envisages an across-the-board 20% foreign equity cap on all forms of broadcasting including DTH, cable companies and satellite TV networks.

The Indian government is welcoming foreign production companies to set up facilities in India and has proposed an equity level of 74% for such ventures.

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