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FDI in digital media restricted to 26%, Cap in funding to hurt the news business? | The Urban Debate
Posted
August 30, 2019
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44:39Now PlayingOn The Urban Debate With Faye D'Souza, FDI norms for Digital India. On Wednesday, the government made a big announcement to boost the economy The centre said that it had relaxed several FDI (foreign direct investment) norms in retail and other big announcements. The government has allowed 26% cap on funding in Digital Media.
How will the centre regulate funding that goes into digital platforms & what happens to media agencies that have over 26% FDI funding already? Will this move make it easier for news agencies to register abroad?
Story No 2: Economic Slowdown & GDP Growth
The Indian economy grew 5% annually in the first quarter of FY2020, slowing from a 5.8% growth in the march, missing market expectations.
Consumption can only be maintained by reducing savings. So personal household savings have actually fallen from 23% of GDP in 2012 to 17% in 2018: Senior Economist, Santosh Mehrotra to Faye D'Souza
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