100% FDI IN FAX EDITIONS OF FOREIGN NEWSPAPERS OKAYED

In a move that would allow international media house to open subsidiaries and market and distribute facsimile editions of their magazine and newspaper in the country, the government has allowed
100% FDI in fax editions of magazines and newspapers. The FDI policy for the facsimile edition of magazines and newspapers needed clarification. While non-news segment already attracts a 100% FDI in the country, foreign investment in news and current affairs segment is restricted to 26%. Facsimile or fax edition of a magazine or newspaper implies a 100% replica of a publication that is
originally published outside the country.