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Soni calls upon magazine sector to fully utilise its potential | Minister of Information and Broadcasting Ambika Soni today called upon all the stakeholders in the magazine sector to harness the potential available in the sector so that it can grow with faster pace. Speaking at a seminar on India Magazine Congress in New Delhi today,
she said that the government has liberalized the FDI policy norms and they should
tap these opportunities. The Minister of Information and Broadcasting acknowledged
that it is a lengthy proposition to amend the 1867 Act, but she said that the
amendments are imperative as the existing provisions of the Act are inadequate
to cater to the phenomenal growth of the print media sector in view of advances
in technology and the recent liberalization of the government's foreign direct
investment. Soni elaborated that it is the endeavor of her Ministry to ensure
more powers to the Press Registrar, RNI in registration/cancellation of titles
for checking the non-serious players. The Minister also said that the preamble
of PRB Act would be modified to insert the provisions on FDI including Syndication,
Facsimile Edition and Indian Edition of Foreign Publications. Soni added that
in view of the increase in newsprint prices, the Rate Structure Committee report
to look into the revision of DAVP advertisement rates would also be finalized
soon. The Minister informed that the process of title verification at RNI has
been fully computerized so that the applicants can check the status of application
through Internet access to save time. Soni added that despite global turndown,
this sector has performed well. |
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