Explanation:

The Indian Broadcasting Foundation (IBF), the apex body of broadcasters, is expanding its purview to cover digital streaming platforms and will be renamed the Indian Broadcasting and Digital Foundation (IBDF).

• The move would bring broadcasters and OTT (over-the-top) platforms, which have seen a substantial jump in their viewership base after the pandemic, under one roof.
• For this, the IBDF was in the process of forming a new wholly-owned subsidiary to handle all matters of digital media.
• The IBDF would also form a self-regulatory body, the Digital Media Content Regulatory Council (DMCRC), for digital OTT platforms.
• The Indian Broadcasting Foundation (IBF) was founded in the year 1999.
• The IBF is the parent organisation of the Broadcasting Content Complaints Council (BCCC) which was set up in the year 2011. The BCCC examines content-related complaints relating to all non-news general entertainment channels in India.

Hence both statements are correct.