Union Cabinet approves 730 private radio FM channels for 234 cities

The Union Cabinet on Wednesday (August 28) approved a proposal to hold the third batch of ascending e-auctions for 730 channels in 234 new cities under Private FM Radio Phase III Policy. The estimated reserve price has been pegged at Rs 784.87 crore.

The decision was taken in a Cabinet meeting chaired by Prime Minister Narendra Modi, according to a notification from the Ministry of Information and Broadcasting.

The private FM radio roll out in 234 new cities and towns will fulfil the unmet demand for FM radio in these areas which still remain uncovered by private FM radio broadcasting and bring new and local content in mother tongue, an official statement said.