I know this isn't indological, but I think it affects most professional academics, and it's an interesting sign of the future direction of publishing for most of us here on INDOLOGY.

As of 1 April 2013, all publicly funded research in the United Kingdom must be published Open Access.  Authors are mandated to keep their copyright, and must publish their research under a liberal Creative Commons license. 

The UK's Arts and Humanities Research Council (AHRC) is included in this new policy, and it is the AHRC that funds most indological research in Britain, apart from that done by the small number of permanent university employees.

The UK policy appears to apply to "research papers" published in peer-reviewed journals.  The Austrian FWF, which is the national research funding body for Austria, has a similar all-encompassing Open Access policy for publications arising out of the research it funds, but in the FWF's case the policy extends also to mongraphs.  I fail to see how this can possibly work, especially for books that might fall into the trade category.  But it's a nice idea.

The full UK government announcement can be read here

Best,
Dominik