Fdi Of Digital Indi An Initiative Of - final
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FDI In IndiaThe Ministry of Information and Broadcasting on Monday issued a public notice asking entities involved in streaming of news and current affairs through digital media to comply with the Centre's earlier order permitting 26 per cent foreign direct investment under the government approval route to such entities.
The ministry, in its notice to the news portals, websites and news agencies, has laid out the detailed actions to be undertaken by eligible entities to comply with the government's September 18, decision within a month. In its notice issued on Monday, the ministry also said that any entity which intends to bring fresh foreign investment in the country has to seek prior approval of the central government, through the Foreign Investment Facilitation Portal of DPIIT, as per the requirements of the FDI policy of the government.
The entities are required to obtain security clearance for all foreign personnel likely to be deployed for over 60 days in a year by way of appointment, contract or consultancy or any other capacity for functioning of the entity, prior to their deployment.]
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