Cabinet approves rolling out Private FM Radio to 234 uncovered new cities / towns
New Delhi, August 28, 2024.The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for conduct of 3rd batch of ascending e-auctions for 730 channels in 234 new cities with estimated reserve price of Rs.784.87 crore under Private FM Radio Phase Ill Policy.State-wise list of the cities / towns and the number of Private FM channels approved for fresh auctions is enclosed as Annexure.The Cabinet also approved the proposal to charge Annual License Fee (ALF) of FM channel as 4% of Gross Revenue excluding Goods and Services Tax (GST). This will be applicable for 234 new cities / towns.The Private FM Radio rollout in 234 new cities / towns will fulfil the unmet demand for FM radio in these cities / towns, which still remain uncovered by Privat...
