Cabinet approves merger of 4 Film Media Units with NFDC

Cabinet approves merger of 4 Film Media Units with NFDC

The Cabinet approved the merger of Films Division, Directorate of Film Festivals, National Film Archives of India, and Children’s Film Society, India with National Film Development Corporation. Briefing media in New Delhi after the Cabinet Meeting, Information and Broadcasting Minister Prakash Javadekar said, the merger of Film Media Units under one corporation will lead to convergence of activities and resources and better coordination.

The Cabinet also approved the appointment of a Transaction Advisor and Legal Advisor who will advise on the transfer of assets and employees and oversee all aspects of operationalization of the merger. The interests of the employees of all the concerned Media Units will be fully taken care of and no employee will be retrenched. Mr Javadekar said, the Cabinet has approved revision in guidelines for providing DTH services in India. He said, DTH licence will be issued for 20 years in place of present 10 years. Licence fee will be collected quarterly basis instead of annual basis.

DTH operators will be permitted to operate to a maximum of 5 percent of its total channel carrying capacity as permitted platform channels. There will be sharing of infrastructure between DTH operators. The Minister said, guidelines have been amended to allow 100 percent FDI in DTH services.