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No foreign investment in print media

13-March-2001
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No foreign investment in print media

The government has said that foreign investment would not be permitted in the print media sector. Stating this in the Rajya Sabha in a written reply, the Minister of Information & Broadcasting, Ms Sushma Swaraj, said necessary direction to this effect had been issued to the RBI by the Finance Ministry.

She said that government continued to be guided by the Cabinet decision, which prohibited publication of foreign owned newspapers and periodicals in the country and Indian editions of foreign newspapers and periodicals dealing mainly with news and current affairs.

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