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Cable TV digitisation: TDSAT allows MSOs to charge placement fee

The TDSAT was of view that MSOs can charge placement fee from broadcasters for keeping their channels in a particular slot and TRAI's regulation to curb it was "bad in law"

 
New Delhi: Ahead of roll out of cable TV digitisation, the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has upheld certain broadcast regulatory clauses allowing customers to select a combination of 100 free-to-air channels for basic plan, reports PTI.
 
The tribunal largely consented with the tariff order and regulation of Telecom Regulatory Authority of India (TRAI). It also gave a go ahead to the TRAI's revenue sharing mechanism between the local/area cable operator (LCOs) and the multi-system operators (MSOs).
 
The tribunal also set aside some restriction put on MSOs by TRAI on placement fee, number of channels and carriage fee.
 
The TDSAT was of view that MSOs can charge placement fee from broadcasters for keeping their channels in a particular slot and TRAI's regulation to curb it was "bad in law".
 
The TDSAT bench headed by its Chairman Justice S B Sinha said, "The restriction placed on the MSO for demanding placement fees in terms of May 2012 Regulation are bad in law as the same restriction is not applicable for the DTH operator. Placement charges, if any, will depend upon the mutual agreement between the broadcasters and the MSO."
 
"The direction that the MSOs must set up head-ends having carrying capacity of 500 channels is set aside.
 
"If the market forces play an important and significant role in the matter of carrying capacity of the MSO, the same may not be required to be regulated," said TDSAT in its 77-page-long judgement.
 
Cable services in the country's four metros are slated to go completely digital by November 1 as per the deadline set by the government.
 

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MCX-SX signs up 700 members; may start trading by December

MCX-SX received record 700 applications during the six weeks of its membership drive, which it claims to be the highest number of members signed up by any exchange for equity and WDM segments

Mumbai: MCX Stock Exchange (MCX-SX) on Monday said it has signed up 700 members for its new equity exchange, which is likely to open in November-December this year, reports PTI.

 

"We have received record 700 applications during the six weeks of our membership drive, which is the highest number of members signed up by any exchange for equity and wholesale debt market (WDM) segments," MCX-SX Managing Director and CEO Joseph Massey told reporters.

 

NSE, India's biggest exchange by volume, launched its operations with nearly 200 members in 1994. BSE started operations in 1875 with 318 members.

 

MCX-SX, which currently operates only in currency derivatives segment, had announced the launch of its membership drive on 5th September. MCX-SX had offered a competitive transaction fee and membership fee structure of Rs30 lakh.

 

The Exchange has already commenced the process of getting members registered with Securities and Exchange Board of India (SEBI). After SEBI registers a member, it provides a registration certificate and a unique registration number.

 

"We are ready with the framework and waiting for member's registration process and board decision to go live before year-end," Massey said.

 

The exchange has already received permission from the market regulator SEBI to deal in stocks, equity futures and options, interest rate derivatives and wholesale debt markets.

 

"The exchange will commence barometer index of SX-40," Financial Technologies Chairman and CEO Jignesh Shah said. It would compete with other benchmark indices like BSE's 30-share Sensex and NSE's 50-stock Nifty.

 

MCX-SX intends to have a dedicated platform for small businesses and SMEs should aspire to raise up to $20 million annually through such platforms.

 

"Our entrepreneurs are best in class. They require risk capital. If China can raise $12 billion in fresh capital, I think we have to aspire to raise a minimum $10-20 million of fresh capital by SMEs," Shah said.

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