I&B gives a month for pending TV channel applicants to submit performance bond

NEW DELHI (May 30, 2012): All applications for operating television channels or teleports have been given only 30 days from 25 May to furnish performance bank guarantee (PBG) and the permission fee as applicable.

An additional 15 days could be given only under exceptional circumstances, the Information and Broadcasting Ministry has said.

It has clarified that no extension or correspondence will be entertained thereafter and those who fail to submit the PBG would not be given permission by the Ministry.

Earlier at the time of issuing the new Uplinking and Downlinking Guidelines on 5 December last year, the Ministry had said applications that are at various stages of processing for permission to operate television channels or teleports will be given a period of three months to ‘ensure conformity’ to the new Guidelines.

This followed a Delhi High Court order which had said time should be given till 23 March 2012 for those who had applied before 5 December 2011.

Read the full story at http://www.indiantelevision.com/headlines/y2k12/may/may256.php

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