GOVT. MAY HIRE CA FIRMS TO VET BROADCASTERS’ DATA

Seeking more transparency in the wake of mounting workload, the information and broadcasting (I&B) ministry is planning to hire a panel of chartered accountancy firms which will scrutinize and evaluate the various financial and technical data provided by the broadcasters, FM radio companies and DTH operators. The job includes verification of net worth, cases  of mergers/demergers, disinvestments, verifi- cation of gross revenue figures of DTH and FM radio operators, determination of interest on delayed payments and cases referred to the foreign investment promotion board (FIPB),
among others.