MIB amends FM Radio Phase III policy guidelines
By Staff Writer in Media News on Wednesday, 11th September 2024 at 6:34pmThe Ministry of Information and Broadcasting (MIB) has introduced amendments to the FM Radio Phase III Policy Guidelines, offering concessions on annual fees for FM channels in new, uncovered cities across the North East, Union Territories of Jammu and Kashmir, and island territories.
Under the Batch III FM Phase III auction, which includes FM channels in these uncovered cities, the reserve price for the auction will be based on the 2022 recommendations by TRAI.
According to the Ministry's statement, "The permission holder in uncovered new cities under Batch III FM Phase III auction shall be liable to pay an Annual Fee to the Government of India charged at 4 per cent of the Gross Revenue of its FM radio channel for the financial year, excluding Goods and Service Tax."
However, for ci...
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