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Monday, November 24, 2014

Further expansion of FM radio likely: I&B Minister

NEW DELHI, November 24, 2014

The government intends to carry out Phase III expansion of FM radio hopefully in the current financial year to rake in more revenue, Information Information and Broadcasting Minister Arun Jaitley said here on Sunday. The I and B ministry and the Telecom Regulatory Authority of India (TRAI) are considering aspects related to this process, he said.

"Some aspects are being considered between the I&B ministry and the regulator. And I'll like to see that happen quite early… If I could have my way, it should be in this financial year because I now speak in both capacities. March 31, and some more revenue to the government has some relevance to me," said Mr Jaitley, whose primary charge in the government is that of Finance Minister.