Government not opposed to FDI in media: Reddy

NEW DELHI: The government today said that it was not opposed to foreign direct investment (FDI) in the media, including print and electronic.

Speaking at a special session on 'The Future of Newspapers in the World', organised by the Confederation of Indian Industry (CII), here today, minister for information and broadcasting Jaipal Reddy said, "The recent Union Budget has lowered customs duties on printing equipment. There is no restriction on accessing technology, and we also welcome FDI in the media -print and electronic."


Giving another positive indication,the minister, answering a query, said that the government was "taking a close look" at allowing facsimile edition of newspapers in India. According to him, "Our mind is not closed as it was earlier."



The minister, however, cautioned that laws in India have not kept pace with the technological changes that the sector was going through. He said, "I am not advocating amendment of laws. As a staunch liberal, I will not propose stringent laws. Rather, I would like to see the industry self regulating itself."

This, according to Reddy, was important as no law could keep pace with changing technologies. "I am sure that the print and electronic media will take upon themselves to exercise this discipline," he added.

He assured that government would be happy to be engaged in regular dialogue with the print and electronic media on industry concerns, difficulties and issues.

Dwelling on the much talked about TV `sting' operations, Reddy maintained that he was not opposed to investigative journalism- sting or otherwise.

Still, he said, 'sting' operations were acceptable as long as they maintained decency and did not venture into 'porno journalism.'

On the never ending debate on the future of newspapers at the back of technological advancements, the minister said that he was optimistic about the future of newspapers across the world.

"I am an unabashed partisan of newspapers," he said and, on a lighter note, commented his loyalty lay with newspapers, while "I owe my debt to television."

Expressing hope, Reddy remarked that there was no reason why there could not be growth and expansion of existing newspapers in India, as also of new entrants.

"I say this because technology of news gathering and production is offering innovation to the newspaper industry and to the readers," he reasoned.

Speaking on the occasion, the visiting CEO of the Financial Times Group, Olivier Fleurot, observed that there was future for newspapers even at the back of fast technological developments, provided the print medium showed some flexibility and enriched its content.

He said that since there were more options available with the readers, they have become demanding, which is why it would be "important to innovate" to survive the competition from electronic media and the Internet.

In his remarks, CII president Sunil Kant Munjal said that newspapers had the ability to carry the message in more detail, thus being very helpful to companies and their business.

Latest Reads
MIB consolidates media units

MUMBAI: The ministry of information and broadcasting (MIB) has integrated the Directorate of Film Publicity (DFP), Song and Drama Division (S&DD) and the directorate of audio visual publicity (DAVP) under the banner of Bureau of Outreach and Communication (BOC). The media units, which promote...

Regulators I&B Ministry
'Sanskari' India wants condom ads off primetime

MUMBAI: India is a country that takes offence at the slightest suggestion of titillation. The Advertising Standards Council of India (ASCI) has approached the ministry of Information and broadcasting (I&B) for withdrawing condom ads that are telecasted during prime time or ‘family viewing time...

Regulators I&B Ministry
TRAI sees merit in using satcom for broadband delivery

NEW DELHI: India needs to create digital platforms, pushed by government policies and private sector entrepreneurship, which are specific to India and address its specific needs, telecom and broadcast regulator TRAI advisor SK Singhal said on Wednesday, adding that affordable broadband and allied...

Regulators TRAI
TRAI orders broadcasters to remove analogue RIOs from website

MUMBAI: The Telecom Regulatory Authority of India (TRAI) has ordered cable TV service providers to stop displaying any reference interconnect offers(RIO) for analogue platforms.

Regulators TRAI
Guest column: Net neutrality - ensuring an open internet

At a time when the US Federal Communications Commission is to vote on a rollback on the Net Neutrality Rules notified during the Obama administration, the Telecom Regulatory Authority of India (TRAI) has published its recommendations on the subject. Making headlines during the days of Zero Rating...

Regulators TRAI
TRAI releases recommendations on net neutrality

MUMBAI: The Telecom Regulatory Authority of India (TRAI) has released its recommendations on net neutrality. These recommendations are the result of a long, multistage consultation process.

Regulators TRAI
Trai to make recommendations on net neutrality today

New Delhi: The Telecom Regulatory Authority of India (Trai) will issue its much-awaited recommendations on net neutrality today.

Regulators TRAI
TRAI wants spectrum cap revised to 35 per cent

NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has suggested the revision of overall spectrum cap from the current limit of 25 per cent to touch 35 per cent.

Regulators TRAI
TRAI landing page norms stayed till 22 December 2017

The direction on landing page norms issued by the Telecom Regulatory Authority (TRAI) of India has been stayed till 22 December 2017 following an appeal in the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories