New Delhi: Government on November 13 issued the guidelines for publication of Indian editions of foreign non-news and non-current affairs magazines, journals and periodicals in which a total foreign investment of 74 per cent has been allowed wherein approval will be given on a case-by-case basis.

Each application shall be processed by the Information and Broadcasting Ministry after due inter-ministerial consultations to decide whether the proposed publication is covered under the category of scientific, technical or speciality magazine, an official release said.

Representatives of the ministries concerned or specialist bodies and language experts will also be associated in the task though in appropriate cases the Information and Broadcasting Ministry will issue an approval.

This approval will be subject to compliance with provisions of the Press and Registration of Books Act and Rules for publication of foreign journals or "No Objection Certificate" for foreign investment, the release said.

The Union Cabinet had given its nod in June allowing foreign investment with a 74 per cent cap in non-news and non-current affairs publications while in the case of news and current affairs print media it would be upto 26 per cent.

PTI