New Delhi, July 12: Close on the heels of Indian broadcasters alleging violations by foreign channels, government today said it would have a re-look at the uplinking guidelines to ensure that the 26 per cent cap on foreign equity is strictly followed and a level playing field maintained. "We have decided to have effective consultations between the ministries of I&B, law, finance and company affairs so that we may revisit and revise guidelines for uplinking of foreign news channels to ensure there is no violation of the 26 per cent equity cap in letter and spirit", information and broadcasting minister Ravi Shankar Prasad said.

He was speaking to reporters after a meeting with Prime Minister Atal Bihari Vajpayee at which Deputy Prime Minister L K Advani, finance minister Jaswant Singh, external affairs minister Yashwant Sinha and law minister Arun Jaitley were present.
Prasad said the sub-group of the ministries concerned would also ensure a level playing field on tax regime for domestic and foreign news channels. Bureau Report