<span style="color: #222222;">The government has decided to remove the three year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years. It has also accepted the long pending demand of the radio industry to remove the 15 percent national cap on channel holding. </span><br />''<br />''During its last meeting, the Union Cabinet approved the amendments of certain provisions in FM Radio Phase three Policy guidelines.<br />''<br />'' With the simplification of financial eligibility norms in FM radio policy, an applicant company can now participate in bidding for C and D category cities with a net worth of just one crore rupees in place of 1.5 crore rupees earlier.<br />''<br />''<span style="color: #222222;">These three amendments together will help the private FM radio industry to fully leverage the economies of scale and pave the way for further expansion of FM radio and entertainment to tier three cities.  This will not only create new employment opportunities but also ensure that music and entertainment over the Free to Air radio media is available to the common man in the remotest corners of the country.</span><br />