‘No consensus on hiking FDI in print media’ | delhi | Hindustan Times
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‘No consensus on hiking FDI in print media’

delhi Updated: Dec 20, 2011 23:37 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The government has said there was no unanimity on increasing FDI in the print media from the existing 26%. "There is no unanimity over increasing the FDI quotient in print media...the debate in this regard has not been conclusive," information and broadcasting minister Ambika Soni told the Lok Sabha.

At present, foreign newspapers dealing mainly with news and current affairs are not being allowed to bring out Indian editions.

"Although the facsimile editions of foreign newspapers are allowed, they are not allowed to carry advertisements in any form aimed at Indian subscribers," Soni said.

These and other measures such as limiting the FDI in the news sector of the print media has benefited the domestic newspaper industry, she said.

Meanwhile, Parliament has passed the Prasar Bharati (Broadcasting Corporation of India) Amendment Bill, 2010, to amend laws governing Prasar Bharati, which would regularise a large number of employees.

Minister of state for I&B CM Jatua said there had been ambiguity for long about the fate of the Prasar Bharati employees and the new legislation was aimed at correcting it.