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House panel opposes FDI in print media

17-November-2001
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House panel opposes FDI in print media

Parliamentary Committee, looking into the issue of FDI in print media, in its draft report, is understood to have opposed allowing foreign newspapers and periodicals dealing with news and current affairs to bring out Indian editions or foreign shareholding in any form in the sector. A final decision on the report is yet to be taken by the Parliamentary Standing Committee on Information Technology headed by Somnath Chatterjee.

According to Somnath Chatterjee at present it won’t be correct to say whether FDI in print media has been rejected or accepted by the committee. He said that the next meeting of the committee is scheduled on November 19, the opening day of winter session of Parliament, to discuss the issue.

“The committee is not in favour of allowing foreign newspapers and periodicals which deal mainly with news and current affairs to bring out Indian editions or foreign share holding in any form in the print media sector”, the report said.

Even in the case of foreign scientific and technical journals, the committee feels though it can be allowed for the benefit of students, it should be in collaboration with well known publishers.

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