Manish Tewari rules out FDI in rating agencies

Manish Tewari rules out FDI in rating agencies

Author | Abid Hasan | Monday, Jan 13,2014 7:55 AM

Manish Tewari rules out FDI in rating agencies

Minister of Information and Broadcasting, Manish Tewari, put all industry expectations on hold when he announced that there will be no Foreign Direct Investment (FDI) in rating agencies.

“No FDI will be permitted in rating agencies till the time we do not have recommendations from the Telecom Regulatory Authority of India (TRAI). After we receive recommendations of TRAI on this particular issue only then will the question of FDI in ratings will be looked at,” Tewari said.

The television ratings issue is back in the spotlight with lots of terms and conditions this year. Last year, the broadcast industry witnessed chaos over dispute regarding television ratings, with broadcasters opting out of the ratings agency. This was not a permanent solution and everything was back on track following prolonged discussions between all the parties concerned.

As is known, last week the Union Cabinet also issued fresh guidelines recommended by TRAI for ratings and the Ministry of Information and Broadcasting has decided that once the guidelines are notified, they would come into effect immediately.

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