26% FDI cap in digital media could tighten government’s hold on Chinese news apps Markets News


Source: sagarinfluence.com sagarinfluence.com

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New Delhi: The Centre of Friday announced that news aggregators, news agencies will have to comply with the 26 per cent foreign investment cap. The CEO of the company would have to be an Indian citizen, and all foreign employees working for more than 60 days would need security clearance are some of the rules underlined by the government. The 26 per cent FDI rule could help the government in tightening the noose on Chinese and other foreign companies who are making investments in digital media in the country. Daily Hunt, Hello, US News, Opera News, Newsdog are some of...