Govt asks Star to come clean on uplinking
Saturday, July 12 2003 19:51 Hrs (IST)
New Delhi: Under attack from Indian broadcasters, government has sought a series of explanations from
Star on its application for uplinking its 24-hour news channel from India even as it decided to revise the
guidelines to ensure stricter compliance to the 26 per cent foreign equity cap.
A day after Indian broadcasters alleged violations by foreign channels, the matter was discussed at a
high-level meeting at Prime Minister Atal Behari Vajpayee's residence on July 12.
The government has sought to know as to how the Media Content and Communications Services India
Ltd, floated by Star to meet the guidelines, could make huge payments running into crores of Rupees
from a meagre capital base of Rs 1 lakh and that how shareholders other than Star have not adequate
representation on the Board of Directors.
PTI
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