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PM Modi's Union Cabinet approves expansion of private FM radio services to 234 cities, offering 730 new channels.
The Union Cabinet, led by PM Modi, approved the expansion of private FM radio services to 234 new cities, offering 730 new channels through e-auctions.
This expansion aims to meet the demand for local content in regional languages, create new job opportunities, and support the 'vocal for local' initiative.
The Annual License Fee is set at 4% of Gross Revenue, excluding GST, with an estimated reserve price of ₹784.87 crore.
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El Gabinete de la Unión del Primer Ministro Modi aprueba la expansión de los servicios privados de radio FM a 234 ciudades, ofreciendo 730 nuevos canales.