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Thursday January 13, 2011
to meet on Jan 19 to decide on form of auction for FM-III
A Group of Ministers (GoM) headed by Pranab Mukherjee
will meet on January 19 to decide on the form of auctioning for FM phase III
radio.The GoM would deliberate on whether to opt for the conventional open
auction or clock auction model with e-assistance for the next round of FM
"The GoM would meet on January 19. The meeting
which was supposed to be held in December last year was cancelled due to the
unavailability of the members of the GoM," Information and Broadcasting
Minister Ambika Soni told reporters on the sidelines of a function here.
Sources said soon after the auction model is
decided, the I&B ministry will announce the FM-III policy that will throw up
about 800 new radio stations in small towns with special focus on border
areas of Jammu and Kashmir and the north-east.
The clock auction model was first used in the
Spectrum allocation. Generally, in this model, the auctioneer begins with a
high asking price which is lowered until some participant is willing to
accept the auctioneer's price.
The FM-III policy includes the provision of broadcast
of news and current affairs as reported by Prasar Bharati. It also aims to
cut down infrastructure costs by 50 per cent.
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