On 28 August 2024, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the 3rd batch of ascending e-auctions for 730 FM channels in 234 new cities under the Private FM Radio Phase III Policy.
The estimated reserve price for the auctions is Rs. 784.87 crore. An Annual License Fee (ALF) of 4% of Gross Revenue (excluding GST) will apply to the FM channels in the 234 cities.
The rollout of Private FM Radio in these new cities will address unmet demand, promote local content, and enhance employment opportunities. The initiative will support local dialects, culture, and the “vocal for local” movement.
Q.: How many FM channels will be auctioned in the 3rd batch of e-auctions?
a) 500 channels
b) 1000 channels
c) 730 channels
d) 200 channels
Answer: c) 730 channels
On 28 August 2024, the Union Cabinet, approved the 3rd batch of ascending e-auctions for 730 FM channels in 234 new cities under the Private FM Radio Phase III Policy.
