The Supreme Court of India has reportedly dispatched a notice to the Centre in response to a petition that seeks framing of tips for the law of online video streaming systems, including Netflix, Amazon Prime Video, Hotstar, and Alt Balaji. The petitioner, a Delhi primarily based NGO, Justice for Rights Foundation, claims, maximum of those online systems are running in India without a license and are streaming content material that contains abusive language, is sexually specific and pornographic in nature, and depicts ladies in objectifying way.
“These online broadcasters are walking without licenses. Why are these online systems not being regulated when policies alter DTH and cable TV operators? I think there has to be a regulatory frame preserving an eye fixed on the character of content material they’re displaying. This offers them a loose hand to reveal something they want.” stated Satyam Singh Rajput, founder of Justice for Rights Foundation.
After the Delhi High Court brushed off a comparable petition in February, the petitioner moved the Supreme Court in April to oppose the impugned judgment. The petition submitted to the Supreme Court notes that over-the-pinnacle broadcasters are running in India without a license, which becomes admitted via the Ministry of Information and Broadcasting, Ministry of Law and Justice, and Ministry of Electronics and Information Technology the Delhi High Court lawsuits.
In February 2019, Karnataka High Court had also issued a notice to center on a petition filed by a Bengaluru resident against the dearth of regulatory mechanisms for online streaming systems. The petition further adds that a variety of content material allowed on these online structures has no longer been exceeded by the Central Board for Film Certification. Also, within the absence of any regulatory suggestions or certification, there may be no manner the authorities can pre-display constrained content. We have reached out to the systems for a declaration on the problem.
Etihad Airways PJSC stated that it had submitted a binding bid to hold a minority stake in Jet Airways on Friday, elevating sparkling hopes for a revival of the coins-strapped airline. Etihad owns 24% of Jet Airways and, a below cutting-edge rule can take this as much as 49%. Friday turned into the ultimate day for submission of sealed bids to SBI Capital Markets Ltd (SBI Caps) for prospective traders for Jet Airways.
Soon after submitting the sole binding bid, Etihad said in a statement that it’s been operating consistently with key stakeholders in India over the past 15 months to help discover a solution that could make certain Jet’s return as a possible and competitive Indian airline, and continues to do so. “Etihad Airways today confirmed its hobby to re-invest in a minority stake in India’s Jet Airways, subject to situations,” it stated.
However, the Abu Dhabi-primarily based carrier maintained that it by myself can not revive Jet Airways, which has suspended operations on the grounds of mid-April due to a paucity of funds. “Etihad re-emphasizes that it cannot be anticipated to be the only investor, and that, among different necessities, extra appropriate investors could want to provide the general public of Jet Airways’ required recapitalization,” it stated.
SBI Caps, dealing with the bidding system, showed receiving the sealed bid from Etihad Airways and stated it would be submitted to lenders for examination. “Few unsolicited gives have additionally been acquired, which the creditors may additionally plan upon ultimately,” SBI Caps said in an announcement. Under overseas direct investment (FDI) guidelines, an overseas airline can simplest have a 49% stake in an Indian airline, with the general public manipulating resting with an Indian accomplice.
Mint suggested on 16 April that Etihad Airways, India’s National Investment and Infrastructure Fund (NIIF), and private fairness firms TPG Capital and Indigo Partners were shortlisted to vicinity binding bids for Jet Airways. NIIF ought to go to accomplice Etihad to select up a controlling stake in Jet Airways. In March, Jet’s founder-promoter Naresh Goyal become forced to cede control of Jet Airways after the airline, saddled with greater than $1 billion in debt, defaulted on payments to banks and plane lessors. The service sooner or later suspended operations on 17 April.
The unexpected grounding of Jet Airways, which became the biggest private home airline, pressured the Indian authorities to take steps to deal with the dearth of flights and reduce disruptions. The government has considering allotted Jet Airways’ slots to other airways for a period of 3 months. Though the monetary information of Etihad’s bid was not recognized without delay, Mint had said on 22 April that Etihad Airways had asked Jet Airways’ lenders to take an eighty% haircut so that it can make a fresh bid.