September 16, 2024 3:35 PM

Govt approves rolling out 730 FM radio channels in 234 new cities/towns

The Union Cabinet, led by Prime Minister Narendra Modi, has approved the third batch of ascending e-auctions for 730 FM radio channels across 234 new cities. The estimated reserve price for these channels is set at Rs 784.87 crore under the Private FM Radio Phase III Policy. In addition to approving the auctions, the Cabinet has also set the Annual License Fee (ALF) for FM channels at 4% of Gross Revenue, excluding Goods and Services Tax (GST). This fee structure will be applicable to the 234 c...