Top Story

e4m_logo.png

Home >> International >> Article

Parliamentary committee may allow 26% FDI in print media

10-January-2002
Font Size   16
Share
Parliamentary committee may allow 26% FDI in print media

The parliamentary committee is working on an alternate draft, which is likely to include a proposal for allowing 26 per cent foreign equity strictly under Indian editorial control. The new draft will be placed before the standing committee on information technology along with the earlier one, which had totally rejected entry of foreign equity in print media.

The standing committee, which is headed by Somnath Chatterjee, in an earlier draft report had ruled out allowing foreign investment in news and current affairs publications. On non-news and non-current affairs publications, a case-by-case approach was recommended. But, there were many dissenters to this view within the committee.

At a meeting of the committee yesterday, which was attended by 15 of the 46 members under chairmanship of Somnath Chatterjee, most members favoured allowing foreign equity with a 26 per cent cap and strict regulations including Indian editorial control.

According to Mr. Chatterjee, the matter is still "undecided". The committee, which was to table its report in the Winter Session of Parliament, will now meet after the Budget Session of Parliament begins next month.

With foreign investment allowed in TV broadcasting and Internet, there was a case for reviewing the ban on foreign investment in print media, which the committee took up suo moto.

Tags

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016

Of the 116 upheld ads, the majority belonged to healthcare and education