China impact: DPIIT issues clarification on 26% FDI in digital media; aggregators given 1 year to comply


Source: dnaindia.com dnaindia.com

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News aggregators, news agencies which supply information to digital media firms and companies uploading news and current affairs on websites will have to comply with the 26% foreign investment cap, the government said on Friday. This will be applicable to those who upload or stream news and current affairs on websites, apps, or other platforms. News aggregators which, using software/web applications, aggregates news content from various sources, such as news websites, blogs, podcasts, video blogs, in one location along with news agencies which gathers, writes and distributes/transmits news, directly or indirectly, to digital media entities will also come under its...