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Article: INDIA REFORMS FDI ON NEWS, CURRENT AFFAIRS PRINT MEDIA.
- Article from:
- AsiaPulse News
- Article date:
- December 23, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, Dec 23 Asia Pulse - In the history of Indian print media, 2002 will go down as a turning point which changed nearly five decades of government policy barring any foreign participation in the sector but the coming year may see more regulation for the media if the Information and Broadcasting Ministry has its way.
After years of debate and stiff resistance from Opposition parties and a section of the media, the sensitive news and current affairs print media was opened to 26 per cent FDI though with "safeguards" while 74 per cent foreign equity was allowed in other publications.
The Union Cabinet gave its nod to the proposal in May this year, ...