A high-powered ministerial panel has cleared the way for Information and 
Broadcasting Ministry to conduct auction of FM radio licences in Phase III for 
839 channels, which will be completed this year.

“EGoM, on Wednesday, cleared the proposal sent by I&B ministry for some changes 
in the RFP (Request for Proposal) for auction of FM radio in phase III and we 
will issue auction guidelines soon,” I&B Secretary Uday Kumar Varma told 
reporters here on the sidelines of CASBAA India Forum 2013.
An Empowered Group of Ministers (EGoM) on spectrum headed by Finance Minister P 
Chidambaram had met yesterday on issues related to spectrum auction among other 
things.
“We should be able to complete the auction of all the 839 radio stations this 
year,” Mr Varma said.
The clearance will help in setting up of 839 new radio stations in the country 
and will help the government garner revenues to the tune of Rs 1,500 crore, he 
added. 
More on...http://www.thehindu.com
+++++++++++
Jaisakthivel, ADXC, Tirunelveli, India

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