Modi govt mulls more FDI in news channels

October 19, 2015

New Delhi, Oct 19: Government is mulling on the issue of bringing more FDI into news channels, Minister of State for Information and Broadcasting Rajyavardhan Rathore said today while voicing concern over "quality of news" and little investment in training of journalists.Rathore

Speaking at an event organised by the CII, he said the government is talking about the concept of "bringing in more" Foreign Direct Investment (FDI) into news channels.

"Can't really say that we are going to make it happen in a given timeframe, but the very fact that we have started thinking about it, means we have started moving ahead with it," he told representatives of the media and entertainment industry.

As per present rules, 26 per cent FDI is allowed in uplinking of news and current affairs TV channels, officials said.

Rathore referred to comments made by one of the industry representatives about paucity of funds available with news channels and said that it was one of the reasons that there was not much investment into training of journalists.

"Unfortunately, because of that there is not much investment happening in training of the journalist. The quality of the journalist, the questions, the news that is being presented and we as a growing nation, we need to have journalists as fourth pillar of democracy.

"We need to have very good quality news being given out. And therefore there is need to investment into the quality of journalism itself," Rathore said.

Referring to demands that news be allowed on private FM Radio, Rathore said that with changing times policies are changing too.

There was a time when there was no news on private radio but now with Phase III expansion, this has changed, he said.

In lighter vein, Rathore recalled a conversation when I&B minister Arun Jaitley told a news anchor that the catchline of their prime time show should be "two at a time" as often more than one person speaks at the same time.

Another person then mentioned it could be windows 2015, as there are several windows on TV screens showing guests.

"One wonders if news is opened immediately on radio, you'll perhaps have a windows 2015 on radio channels as well," he said.

He added that in Phase III, All India Radio news can be broadcast verbatim. "But what we have done is, taken off a lot of things from news and therefore it has become non-news. Things like sports in a city, local events in a city. Just that religion and political news is hardcore news and we leave that out for the time being," he said.

Speaking about GST, he said the government has been trying to encourage the opposition to partner and clear the GST Bill.

He said the effort of the government would be to subsume most of the taxes like entertainment tax, local taxes etc making it easier for all.

"But as you understand it is an intensely dynamic subject, the GST itself," he added.

Rathore also added that government is considering National Film Development Corporation (NFDC) to become a single window clearance for filmmakers to shoot in India.

He said a proposal that has got the Prime Minister Narendra Modi's in principle consent is to provide financial assistance to films which participate in prestigious awards like Oscars, Cannes etc to boost their chances of winning.

He said the I&B ministry wanted to discuss this proposal with the industry. He said the government also wants industry's support in setting up of a gaming, animation and special effects institute of excellence.

Prasar Bharati CEO Jawhar Sircar, in his speech at the event, suggested that there are a huge number of smartphones in the country and broadcasters should look towards them to prepare for the future.

He suggested that a consortium of broadcasters could try to cooperate and reach the smartphones free by using the bandwidth with Doordarshan.

"In the four metropolitan cities, Delhi, Mumbai, Kolkata and Chennai, we have broadcasting signals enough to carry 20-22 channels," he said, adding that the test runs are on.

The Prasar Bharati CEO said that while there is the "sarkaari" mentality that "we will do it myself", a solution could be that a consortium could approach the government, which would be in a position to help the entire country.

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Agencies
August 2,2020

Lucknow, Aug 2: Uttar Pradesh's cabinet minister for Technical Education Kamal Rani Varun succumbed to COVID-19 on Sunday at the Sanjay Gandhi Postgraduate Institute of Medical Sciences.

Kamal Rani is the first minister in Uttar Pradesh to die after contracting coronavirus. She was 62.

On 18 July, the minister tested positive for coronavirus and was admitted to the Shyama Prasad Mukherjee Hospital.

She was later shifted to the Sanjay Gandhi Postgraduate Institute of Medical Sciences.

Uttar Pradesh chief minister Yogi Adityanath has expressed grief over the minister's death.

In a condolence message issued on Sunday, Adityanath said, "Kamal Rani Varun died on Sunday at around 9.30 am. She was an experienced and capable leader. She discharged her responsibilities with competence. She was a dedicated public representative, who was always working for the welfare of deprived and oppressed sections of the society."

Kamal Rani was the MLA from Ghatampur in Kanpur. She was also twice a Member of Parliament in the Lok Sabha.

Meanwhile, Adityanath has cancelled his visit to Ayodhya scheduled for the day, Additional Chief Secretary (Home) Awanish Awasthi said on Sunday.

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News Network
March 24,2020

Ahmedabad, Mar 24: The Gujarat police has detained 426 people in the last 24 hours for violating lockdown rules in force in the state to combat the novel coronavirus outbreak, a senior official said on Tuesday.

They include those who came out despite being advised home quarantine, state Director General of Police Shivanand Jha said.

"The lockdown met with around 90 per cent success. We are taking strict measures to implement the lockdown in the remaining 10-15 per cent areas. We have lodged 238 cases related to the violation of police notification and 127 cases related to quarantine rule violation. In all, we have detained 426 persons across the state," Jha told reporters in Gandhinagar.

"For better implementation of the lockdown and to address issues concerning people, we have set up a dedicated 24-hour control room and appointed two additional DGP rank officers to supervise operations. Three teams under them would work to resolve issues across the state," said Jha.

He said police commissioners and districts SPs have been asked to enforce the lockdown in an effective manner.

Essential services like vegetable and milk shops are allowed to remain open, he said, and asked people not to flock in large numbers to such shops.

The state has so far reported 33 COVID-19 cases, and one person has died of the infection.

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News Network
July 10,2020

London, Jul 10: India's Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is permitted under the US sanctions regime on the Latin American country, according to a Reliance source and a shipping document from state oil firm PDVSA.

Washington has exempted some Venezuelan oil trade from sanctions when transactions are in exchange for fuel and food or to repay debts rather than for cash. But that trade slowed as the US tightened restrictions and refiners, shippers and insurers have been steering clear of Venezuela to avoid any risk they may fall foul of sanctions.

Washington aims to deprive Venezuelan socialist President Nicolas Maduro of his main source of revenue with the sanctions, which have driven Venezuelan oil exports to their lowest level since the 1940s.

Reliance gave the US State Department and the Office of Foreign Assets Control (OFAC) notice of the diesel swap and received word back that the policies that allowed the transaction were still in place, the Reliance source told Reuters.

Reliance has previously said that its supplies of fuel to PDVSA in exchange for crude were permitted under sanctions.

An oil tanker named Commodore would load the cargo of crude in Venezuela and ship it to India, the tanker's manager NGM Energy said.

"All details of the transaction and transportation were shared with US authorities, who confirmed that the U.S. policy authorizing such transactions remained in place," NGM Energy said in a statement to Reuters.

"The shipment is made in connection with the humanitarian exchange of oil for diesel fuel."

The Commodore is loading a 1.9-million barrel cargo of crude for Reliance at Venezuela's main oil port of Jose, according to an internal PDVSA cargo schedule seen by Reuters.

The Liberian-flagged Commodore was at the Jose Terminal on Thursday, ship tracking data on Refinitiv Eikon showed.

The US State Department, Treasury's enforcement arm OFAC, and PDVSA did not immediately respond to a request for comment.

Reliance has a swap deal to provide diesel to Venezuela in exchange for fuel but has not received a cargo of crude since April. Sources at Indian refiners told Reuters earlier this year they planned to wind down their purchases of Venezuelan oil to avoid any problems with supply due to sanctions.

Other long-time customers of PDVSA, including Italy's Eni and Spain's Repsol, have continued taking cargoes of Venezuelan crude this year under permission granted by the US Treasury Department to exchange the oil for diesel supply as part of debt repayment deals, according to sources from the companies.

NGM Energy also manages the Voyager I tanker, which the United States removed from its list of sanctioned vessels last week after NGM and the ship's owner Sanibel Shiptrade said they would increase measures to ensure vessels complied with international sanctions.

"Last month, NGM Energy SA adopted a firm policy of not allowing vessels under its commercial management to trade to Venezuela, or to carry Venezuelan petroleum cargoes, absent US government authorization," NGM said.

"NGM continues to stand by that pledge."

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