📺 Stream EntrepreneurTV for Free 📺

TRAI Is Working On New Set Of Proposals On Media Ownership, Says P D Vaghela The telecom and broadcast regulator had, earlier this year, floated a consultation paper on issues related to media ownership

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

TRAI Twitter handle

Telecom Regulatory Authority of India (TRAI) chairman P D Vaghela, on Wednesday, said that the TRAI, which is the regulator for both the telecom and broadcast sectors in the country, is working on a new set of recommendations on media ownership. As per reports, the telecom and broadcast regulator had, earlier this year, floated a consultation paper on issues related to media ownership.

"The concentration of media ownership has been identified with a number of problems. The most significant of these is the threat it poses to freedom of expression and democracy," said Vaghela, while speaking at the CII Big Picture Summit in New Delhi.

The statement comes at a time when the domestic media sector is seeing a takeover battle between the Adani Group and promoters of NDTV. As per reports, Sebi has given its nod to Adani Group's open offer next week for additional shares in NDTV after the group revealed its plans in August regarding the 29.18 per cent stake acquisition in the company.

The TRAI chairman also mentioned the challenges faced by the television broadcast sector due to the new tariff order 2.0, which has capped pricing of standalone channels from INR 10 to INR 12 and also introduced new conditions on bundling and distribution of channels.

"Our recent consultation on tariff-related issues for television channels and bouquets is a result of multiple discussions with each group of stakeholders, broadcasters, multi-systems operators, DTH players and local cable operators. Soon, we expect to issue amendments to the tariff order and interconnection regulations in line with our stated policy of light touch regulation. We expect the industry to respond with tariffs and prices that do not put undue burden on consumers," said Vaghela.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Ambulance Service Provider RED.Health Raises USD 20 Mn Led by Jungle Ventures

The Hyderabad-based startup plans to provide new product lines and expand its services to over 40 Indian locations with the help of the additional funding.

News and Trends

Agritech Robotics Startup Niqo Robotics Bags USD 13 Mn in Series B Round

The Bengaluru-based platform aims to use the fresh funds to expand to new markets and accelerate the commercial adoption of spot spray globally.

News and Trends

Navigating the shifting tides of seed funding

Seed funding in the country has gained prominence since the early 2010s. Tech and the booming e-commerce space found a promising investor pool ready to pounce on innovative ideas and concepts that solved a larger problem.

News and Trends

Web3 Funding Is Down, Not Out

Startups such as Purple Pay, Striker, Cult & Rain, Recur, VIBRA and Nifty's ceased operations over the past year. Starbucks, Nike, and Tencent also closed their Web3 divisions

News and Trends

Stellantis to make Leapmotor's "affordable" EVs in India by 2024 end

India imposes customs duty ranging between 70 per cent and 100 per cent, depending on the engine size and cost, insurance and freight (CIF) value on cars imported as completely built units.

Business News

Wegovy-Maker Presents Results of Its Longest Study Conducted So Far on Weight Loss — Here's What to Know

The company's data showed that the drugs were effective over multiple years, even if there are still unknowns.