New Delhi, July 02: Government on Friday approved the
publication of Indian edition of British magazine "Spectator"
under title "Spectator India", dealing with news and current
Affairs, by Telegraph Publications Private Limited.
The approval given by the Ministry for Information and
Broadcasting given for the edition is in accordance with its
decision to allow Indian editions of foreign publications,
subject to conditions laid down by the ministry.
Telegraph Publications Pvt Ltd has been allowed to
enter into financial arrangements (such as royalty payment
arrangements, etc) with the owners of the foreign magazine,
subject to the rules and regulations of the ministry.
Telegraph Publications Private Limited would have to
inform the Ministry of Information and Broadcasting within 15
days of effecting any change in the composition of resident
Indian directors or key executives and editorial staff.
Such a change would be subject to post facto approval
of the ministry, a statement issued by the ministry said.
In case of change in the licence agreement with the
foreign entity, Telegraph Publications would have to inform
the ministry. Also, at least three-fourth of the directors on
the Board of Directors of the Indian company namely Telegraph
Publications and all key executives and editorial staff should
be resident Indians, as per the I&B Ministry's conditions.
Bureau Report
First Published: Friday, July 03, 2009, 23:43