JioBroadcastAgent is the supporting bundle for JioBroadcast HD live streaming app.

It is required to be installed along with the JioBroadcast app, to enable the device to receive the broadcast streams over Jio's state-of-the-art LTE-Broadcast network technology.
From version JioBroadcastAgentv2 3.6.05.02.0:
Bug fixes and enhancements
All versions