The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal to conduct the third batch of ascending bid e-auction with an estimated reserve price of Rs 784.87 crore for 730 channels in 234 new cities under the Private FM Radio Phase-3 Policy. Prime Minister Narendra Modi
Chhattisgarh is also among the states in which the Modi Cabinet has approved FM channels. Chhattisgarh has 3 cities namely Jagdalpur, Ambikapur and Korba. 3 channels each have been approved in all the three cities.
The Central Government has informed that the Union Cabinet has also approved the proposal to take 4 percent of the gross revenue as annual license fee (ALF) of FM channels excluding Goods and Services Tax (GST). This will be applicable for 234 new cities/towns. Launch of private FM radio in 234 new cities/towns will fulfill the unfulfilled demand for FM radio in cities/towns which are still untouched by private FM radio broadcasting and will introduce new/local content in mother tongue.
